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1420 Willow Branch Dr Orlando, FL 32828

5 Beds 3 Baths 2,601 sqft Built 2005

$379,000

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $145.71
  • 5 Days on Market
  • MLS # : O5903482
  • Updated Date : 11/06/2020 at 15:33
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,601 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

Spacious home in Avalon Lakes with 5 bedrooms and 2.5 baths, a water view and a 3 car garage! Beautiful travertine and walnut flooring on the first level with your formal living room and dining room and a huge family room with open sightlines to your amazing kitchen. The kitchen includes fabulous granite countertops, tile backsplash and stainless steel appliances including a range hood. The open layout allows views into the living area and the backyard from the kitchen and lots of natural light throughout. The master suite offers ample space for furniture and the master bathroom has dual vanities, separate tub and shower and a water closet providing privacy and utility. All baths feature granite countertops, updated light fixtures and toilets as well as new ceramic tile upstairs. One bedroom and have bath downstairs perfect for your guests. Avalon Lakes is a gated community with fabulous amenities such as a community pool and play area. And as incredible as this neighborhood is your backyard is even better! Enjoy beautiful water views every day as you cook, relax outside or just read a book with the windows open on a sunny day. New Roof 2019. Schedule your showing today! Move in ready!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
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

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Timber Creek High School

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

$341,100$416,900$379,000

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,398
Property Tax -$431
Property Insurance -$192
HOA -$95
Property Management Fees -$200
CASH FLOW
-$96

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.

$379,000

PROJECTED PRICE

$2,220

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

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

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$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$12,233

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,243

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,049
1$2,0492$2,1003$2,2204$2,2255$2,290
$2,290
RENT COMPS ANALYSIS
  • 1420 Willow Branch Dr Orlando, FL 3
    • 5 beds 3 baths ∙ 2,601 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,601 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.85
    •  
  • 1589 Malon Bay Dr Orlando, FL 1
    • 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
    •  
  • 1537 Anna Catherine Dr Orlando, FL 2
    • 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,410 Sqft ∙ Built 2002
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 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
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 #: O5903482
Last Updated: 11/06/2020
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