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1436 Garden Arbor Ln Orlando, FL 32824

3 Beds 3 Baths 1,838 sqft Built 2018

$384,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $209.41
  • 5 Days on Market
  • MLS # : O5929890
  • Updated Date : 03/18/2021 at 16:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,838 sqft
  • Baths : 2 full , 1 half
Listing Agent

Prestige Immo Realty Llc

Listing Agent's Description

Bright and inviting, this two year old, 2-story beauty, energy-efficient home still has all builder structural warranties & offers spacious living in a stylish package. The Meritage Homes “Whitman” floor plan includes 3 bedrooms, 2.5 bathrooms, a large loft (perfect for an office, game room or den), kitchen w/breakfast bar and combo dining/living room. All bedrooms and the loft are situated upstairs, and the common areas are downstairs which creates separation for personal spaces when entertaining. Beautiful designed tile flooring and customized dual Sheer Shades windows add elegance, oversized walk-in closet in the master suite . Outdoors, a front rocker porch overlooks a well-maintained front lawn with gated aluminum fencing. The home features a rear-loading, 2-car garage with a professionally sealed paver driveway that fits up to four parked cars. Arbors at Meadow Woods offers its homeowners a resort-style community pool and a superb location conveniently close to SR 417 (Central FL GreeneWay), Florida Turnpike, and plentiful shopping/dining options. Optional furniture package. It’s a home you’ll be proud to own. Schedule a tour today! https://view.ricohtours.com/490cdda1-158b-4b80-9d23-f1bd670b2aa8

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: Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k281k

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

Neighborhood: Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282094

* 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
Wyndham Lakes Elementary School Primary Regular 856 53 6
Meadow Woods Middle School Middle Regular 1,036 61 3
Cypress Creek High School High Magnet 3,124 148 5

Wyndham Lakes Elementary School

  • Education Level: Primary
  • # of students: 856
  • # of teachers: 53
6
GreatSchools Rating

Meadow Woods Middle School

  • Education Level: Middle
  • # of students: 1,036
  • # of teachers: 61
3
GreatSchools Rating

Cypress Creek High School

  • Education Level: High
  • # of students: 3,124
  • # of teachers: 148
5
GreatSchools Rating
 

$346,410$423,390$384,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,337
Property Tax -$431
Property Insurance -$146
HOA -$88
Property Management Fees -$129
CASH FLOW
-$381

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.

$384,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

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$107,749

INVESTMENT

$107,749

Down Payment
$96,225
Rehab Estimate
$5,750
Closing Costs
$5,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,225
Loan Amount $288,675
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$894

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,902

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7503$1,8504$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 1436 Garden Arbor Ln Orlando, FL 2
    • 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,838 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 1496 Portofino Meadows Blvd Orlando, FL 1
    • 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,792 Sqft ∙ Built 2009
    LEASED 12/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.95
    •  
  • 1467 Portofino Meadows Blvd Orlando, FL 3
    • 4 beds 3 baths ∙ 1,953 Sqft ∙ Built 2013 4 beds 3 baths ∙ 1,953 Sqft ∙ Built 2013
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 1585 Astoria Arbor Ln Orlando, FL 4
    • 3 beds 3 baths ∙ 1,785 Sqft ∙ Built 2020 3 beds 3 baths ∙ 1,785 Sqft ∙ Built 2020
    LEASED 02/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.12
    •  
  • 1478 Garden Arbor Ln Orlando, FL 5
    • 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 2018 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 2018
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.12
    •  
PROPERTY LISTING DETAILS
Dominique Delcourt
1.321.460.2033
Prestige Immo Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5929890
Last Updated: 03/18/2021
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