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1408 Willow Branch Dr Orlando, FL 32828

4 Beds 3 Baths 2,616 sqft Built 2005

$435,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $166.28
  • 6 Days on Market
  • MLS # : O5919506
  • Updated Date : 01/27/2021 at 12:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,616 sqft
  • Baths : 3 full
Listing Agent

Carom Realty

Listing Agent's Description

WELCOME HOME! This beautiful Four Bedroom Three Bath home is ready for you. It will be love at first sight as you walk into the two story entryway. There is new carpet and paint throughout. Relax under the covered patio by the pool and along the lovely community lagoon. You will have a Formal Area for entertaining as well as a Great Room and Open Kitchen for larger gatherings. The Master Suite along with two other Bedrooms are upstairs. There is a large Loft as a Flex Space upstairs as well. One Bedroom is downstairs near the Bathroom with Pool Access for your convenience. Hurry this won't last long!

SEE MORE

MARKET HIGHLIGHTS

  • Orlando metro contributes to 13.8% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • Orlando metro has 64.8% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)
  • Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)
  • Major employers in Orlando market: Walt Disney World Resort; Advent Health; Universal Orlando Resort; Orange County Public Schools; University of Central Florida; Lockheed Martin; and Darden Restaurants.
  • Space coast area has attracted $1.4 billion in capital investments over the past 6-years and generated 1,800 new jobs in 2017 (WSJ, 2017)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Orlando inherits the same rank being part of Florida.
  • Orlando metro's economy is worth $141 billion in Gross Metro Product and projected to grow to $149 billion in 2019 (USMayors.org, 2018)
  • Together Walt Disney World Resort and Universal Orlando Resort employ 96,000 people and drive tourism (Orlando Economic Partnership)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Avalon Lakes Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k335k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Avalon Lakes Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292089

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Timber Lakes Elementary School Primary Regular 897 59 9
Timber Springs Middle School Middle Regular NA
Timber Creek High School High Regular 3,132 161 8

Timber Lakes Elementary School

  • Education Level: Primary
  • # of students: 897
  • # of teachers: 59
9
GreatSchools Rating

Timber Springs Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$391,500$478,500$435,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,511
Property Tax -$495
Property Insurance -$192
HOA -$100
Property Management Fees -$129
CASH FLOW
-$287

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$435,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$5,895

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,140

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,197

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0493$2,1404$2,2255$2,290
$2,290
RENT COMPS ANALYSIS
  • 1408 Willow Branch Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.82
    •  
  • 1124 Brant Pt Orlando, FL 1
    • 4 beds 4 baths ∙ 2,560 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,560 Sqft ∙ Built 2006
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 1589 Malon Bay Dr Orlando, FL 2
    • 4 beds 4 baths ∙ 2,495 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,495 Sqft ∙ Built 2006
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,049
    • $0.82
    •  
  • 13544 Hidden Forest Cir Orlando, FL 4
    • 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,541 Sqft ∙ Built 2006
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.88
    •  
  • 13320 Summer Rain Drive Orlando, FL 5
    • 5 beds 3 baths ∙ 2,613 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,613 Sqft ∙ Built 2004
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.88
    •  
PROPERTY LISTING DETAILS
Kathy Pasha
1.407.341.7042
Carom Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5919506
Last Updated: 01/27/2021
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