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15013 Perdido Dr Orlando, FL 32828

4 Beds 3 Baths 2,800 sqft Built 2005

$342,500

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $122.32
  • 3 Days on Market
  • MLS # : O5908542
  • Updated Date : 11/28/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,800 sqft
  • Baths : 2 full , 1 half
Listing Agent

Global Brokers Rlty Of Florida

Listing Agent's Description

Beautiful home with waterfront view, 4 Bedrooms, 2.5 Bathrooms. First floor has new wood look, ceramic tile throughout! Great open floor plan. This home features: Large eat-in Kitchen with 42" cabinets, a walk-in, lighted kitchen pantry. Large great room and family room, with tons of closet space throughout the entire home. Inside laundry room with washer/dryer. Convenient half bath on first level. Sliding doors open onto the Screened in patio overlooking the pond. The second level provides all the spacious bedrooms starting with the huge master bedroom complete with a garden tub, separate tiled shower and large walk-in closet. There are an additional 3 bedrooms and bath with two of the bedrooms having walk-in closets. HVAC system 5 years old. Exterior painted two years ago. Minutes from the Waterford Lakes Shopping Center, Hwy-417, and SR-408, SR-528.

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MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 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
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
 

$308,250$376,750$342,500

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,264
Property Tax -$390
Property Insurance -$203
HOA -$34
Property Management Fees -$177
CASH FLOW
-$97

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.

$342,500

PROJECTED PRICE

$1,970

PROJECTED RENT

0.58%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,513

INVESTMENT

$96,513

Down Payment
$85,625
Rehab Estimate
$5,750
Closing Costs
$5,138

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,264

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,625
Loan Amount $256,875
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,656

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.7

    LIST RENT PER SQFT
  • $1,967

    COMP ESTIMATED VALUE
  • $0.7

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9003$1,9174$1,9705$2,095
$2,095
RENT COMPS ANALYSIS
  • 15013 Perdido Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.70
    •  
  • 15226 Galbi Dr Orlando, FL 1
    • 3 beds 3 baths ∙ 2,690 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,690 Sqft ∙ Built 2006
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.67
    •  
  • 15301 Chahtah Ct Orlando, FL 2
    • 5 beds 3 baths ∙ 2,858 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,858 Sqft ∙ Built 2006
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.66
    •  
  • 15255 Perdido Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,917
    • $0.71
    •  
  • 1645 Algonkin Loop Orlando, FL 5
    • 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.77
    •  
PROPERTY LISTING DETAILS
Luis Cancel
1.407.615.0866
Global Brokers Rlty Of Florida
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5908542
Last Updated: 11/28/2020
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