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1418 Blackwater Pond Dr Orlando, FL 32828

4 Beds 2 Baths 1,950 sqft Built 2005

$339,900

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $174.31
  • 20 Days on Market
  • MLS # : O5926946
  • Updated Date : 03/20/2021 at 15:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,950 sqft
  • Baths : 2 full
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

YOUR TROPICAL PARADISE AWAITS! What could be better than waking up to the soothing sounds from your pool fountain, or spending weekends in the hot tub under the shade of tall palm trees? Look no further! This home has everything that you are looking for, and MORE! This four bedroom and two bathroom home is lined with Italian porcelain tile flooring, and has been immaculately maintained by the Owners. Once you open the door, you are greeted by the home's 9.5 foot ceiling and flooded with natural light. The open floor plan leads you through the home's family room space off the large eat-in kitchen dined with cherry wood kitchen cabinets, bronze fixtures and solid stone counter tops. The master bedroom retreat offers coffered ceilings and a pool view. Upgrades are prevalent throughout the home, the hot water heater and air conditioner were both replaced in 2017. The saltwater pool's surface is lifetime warranty protected complete with a pebble tech Tahoe blue finish. Wanting to get out and explore the neighborhood? The community comes complete with a heated pool area, playground space and undercover recreation area. The home of your dreams is only a short commute to Downtown Orlando, Park Avenue and the Space Coast beaches.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Waterford Trails

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k339k

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

Neighborhood: Waterford Trails

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10281973

* 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
Castle Creek Elementary School Primary Regular 814 53 5
Timber Springs Middle School Middle Regular NA
East River High School High Regular 1,957 96 5

Castle Creek Elementary School

  • Education Level: Primary
  • # of students: 814
  • # of teachers: 53
5
GreatSchools Rating

Timber Springs Middle School

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

East River High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 96
5
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,181
Property Tax -$387
Property Insurance -$153
HOA -$35
Property Management Fees -$129
CASH FLOW
-$24

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.

$339,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,177

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,857

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7493$1,8604$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 1418 Blackwater Pond Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.95
    •  
  • 1268 Ocklawaha Dr Orlando, FL 1
    • 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 2005
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.87
    •  
  • 14936 Faberge Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,886 Sqft ∙ Built 2005
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.93
    •  
  • 1707 Lalique Ln Orlando, FL 4
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2005
    LEASED 09/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
  • 1512 Lalique Ln Orlando, FL 5
    • 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 2005
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.00
    •  
PROPERTY LISTING DETAILS
Thomas Nickley, Jr
1.321.945.1152
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5926946
Last Updated: 03/20/2021
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