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14724 Unbridled Dr Orlando, FL 32826

4 Beds 3 Baths 2,438 sqft Built 2004

INVESTimate

$365,000

List Price

$2,080

$1,872 - $2,288

Rent Est.

$385,148  ( +5.52%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $149.71
  • 7 Days on Market
  • MLS # : O5883958
  • Updated Date : 08/24/2020 at 10:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,438 sqft
  • Baths : 2 full , 1 half
Listing Agent

Summerpark Homes Realty Llc

Listing Agent's Description

Welcome to this BEAUTIFUL 2 story home situated on more than a quarter acre with a pond view in a lovely gated community!! As you walk through the front door you will immediately notice the breathtaking high ceilings and the gorgeous dining and formal living room with dark elegant laminate flooring! The kitchen, which has been recently updated with stainless steel appliances and granite countertops, leads into the nicely sized, bright and light family room. As you walk up the stairs, you will find all four spacious bedrooms. The huge master bedroom features a lovely on suite with a soaker tub, separate shower and double vanity! And don't forget the oversized walk in closet!! Enjoy the Florida summers and cool winters on the back porch with a fully fenced yard and serene pond view. Roof and AC have just been replaced in the last 2 years!! This warm, inviting and charming home Will Not last long!! Set up your showing today!!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rybolt Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Rybolt Reserve

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8962089

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

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

Cornerstone Charter Academy K-8

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

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,347
Property Tax -$415
Property Insurance -$182
HOA -$57
Property Management Fees -$187
CASH FLOW
-$107

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.

$365,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.52%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,180

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,091

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,844
1$1,8442$1,9503$2,0804$2,1255$2,200
$2,200
RENT COMPS ANALYSIS
  • 14724 Unbridled Dr Orlando, 3
    • 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,438 Sqft ∙ Built 2004
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.85
    •  
  • 4725 Willamette Cir Orlando, 1
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2002
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,844
    • $0.81
    •  
  • 15313 Stonebriar Way Orlando, 2
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2010
    property image
    LEASED 12/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.85
    •  
  • 4574 Aguila Pl Orlando, 4
    • 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,418 Sqft ∙ Built 2005
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $0.88
    •  
  • 4318 N Tanner Rd Orlando, 5
    • 4 beds 2 baths ∙ 2,483 Sqft ∙ Built 2019 4 beds 2 baths ∙ 2,483 Sqft ∙ Built 2019
    property image
    LEASED 10/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
PROPERTY LISTING DETAILS
Melissa Bentley
1.321.279.4242
Summerpark Homes Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5883958
Last Updated: 08/24/2020
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