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14130 Amelia Island Way Orlando, FL 32828

4 Beds 3 Baths 2,698 sqft Built 2002

$415,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $153.82
  • 2 Days on Market
  • MLS # : O5915511
  • Updated Date : 01/23/2021 at 20:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,698 sqft
  • Baths : 3 full
Listing Agent

Century 21 Oneblue

Listing Agent's Description

Location! Well Maintained! 2 story, 4 Bedroom, 3 Bathroom, 2700 sf single-family home is located in desirable Avalon Park (POA) Village 3. As you enter the home from the expansive front porch to the center hall foyer is the living room and dining room. Centered in the home is a 2-story family room with 2 sets of French Doors and 3 transom windows allowing natural light. The adjoining kitchen features a dinette area, breakfast bar, 42-inch cabinets, pantry, and newer upgraded appliances. Off the family room/kitchen french doors is an enclosed lanai that leads to the large, treed, fenced backyard. Entrance to the 2-car rear load garage is by way of a street, not an alley. On the first floor, you will find Bedroom 4 (fully wired for office), full bathroom, and laundry room w/ laundry tub. The second-floor features Bedrooms 2 & 3, Full Bathroom, and an oversized Owner Suite boasting a sitting area with French Doors to the second-floor balcony, 2 large closets, En-Suite Bathroom with dual sinks, Jacuzzi tub, separate shower, water closet, & linen closet. Upgraded extras in this home include On-Q home wiring, family room surround sound, Central Vacuum, Wired Security Alarm, 9ft ceilings/5-inch baseboards on the first floor, custom Hunter Douglas blinds, custom draperies, designer picked wall colors, new exterior paint (2020), and newer roof (2017) with transferrable warranty. Convenient distance to A-rated schools: Avalon Elem, Avalon Middle, and Timber Creek High School and downtown Avalon Park. Close to 408, 528, 417, Waterford Lakes Town Center, Central Florida Research Park, and UCF.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Avalon Park Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k333k

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

Neighborhood: Avalon Park Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292106

* 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
Avalon Elementary School Primary Regular 937 62 8
Avalon Middle School Middle Regular 1,809 96 8
Timber Creek High School High Regular 3,132 161 8

Avalon Elementary School

  • Education Level: Primary
  • # of students: 937
  • # of teachers: 62
8
GreatSchools Rating

Avalon Middle School

  • Education Level: Middle
  • # of students: 1,809
  • # of teachers: 96
8
GreatSchools Rating

Timber Creek High School

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

$373,500$456,500$415,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,441
Property Tax -$472
Property Insurance -$197
HOA -$109
Property Management Fees -$129
CASH FLOW
-$168

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.

$415,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.1%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,725

INVESTMENT

$115,725

Down Payment
$103,750
Rehab Estimate
$5,750
Closing Costs
$6,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,441

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $103,750
Loan Amount $311,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,901

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,199

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1803$2,1954$2,1955$2,489
$2,489
RENT COMPS ANALYSIS
  • 14130 Amelia Island Way Orlando, FL 2
    • 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.81
    •  
  • 2631 Rainbow Springs Ln Orlando, FL 1
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2002
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
  • 2837 Wild Tamarind Blvd Orlando, FL 3
    • 5 beds 4 baths ∙ 2,779 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,779 Sqft ∙ Built 2006
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.79
    •  
  • 2761 Dover Glen Cir Orlando, FL 4
    • 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2003
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.76
    •  
  • 14883 Hawksmoor Run Cir Orlando, FL 5
    • 4 beds 3 baths ∙ 2,835 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,835 Sqft ∙ Built 2001
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,489
    • $0.88
    •  
PROPERTY LISTING DETAILS
John Carpenter
1.321.250.5222
Century 21 Oneblue
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915511
Last Updated: 01/23/2021
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