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15120 Willow Arbor Cir Orlando, FL 32824

4 Beds 3 Baths 2,076 sqft Built 2018

$325,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $156.55
  • 5 Days on Market
  • MLS # : O5903685
  • Updated Date : 11/06/2020 at 15:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,076 sqft
  • Baths : 2 full , 1 half
Listing Agent

Zen Real Estate Co Llc

Listing Agent's Description

Welcome to your future home in the Arbors at Meadow Woods. This beautiful home features 4 bedrooms and 2.5 baths. It has a quaint front porch and a fenced-in front yard. As you come into the home you will notice the high ceilings and open concept in the main area. The kitchen features 42" dark cabinets and granite countertops with the spacious dining room adjacent to that. In the upstairs, you will find the master bedroom to your left with a walk-in closet and en suite. Back in the hallway, you will find the brightly lit loft area. 3 more bedrooms and the guest bath are also located in this part of the home. The home features upgraded light and plumbing fixtures throughout. It is located in sought after Meadow Woods, convenient to the attractions and just minutes away from the 417, giving you easy access to the airport or anywhere else you need to go. If you love the environment you will love the fact that this home also features SOLAR PANELS.

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: 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
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,199
Property Tax -$364
Property Insurance -$160
Property Management Fees -$158
CASH FLOW
-$121

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.

$325,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

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

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,152

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,946

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7603$1,8004$2,0005$2,200
$2,200
RENT COMPS ANALYSIS
  • 15120 Willow Arbor Cir Orlando, FL 2
    • 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.85
    •  
  • 617 Lake Biscayne Way Orlando, FL 1
    • 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2000
    LEASED 11/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 2815 Sand Arbor Cir Orlando, FL 3
    • 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,007 Sqft ∙ Built 2006
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 2125 Sand Arbor Cir Orlando, FL 4
    • 5 beds 3 baths ∙ 2,200 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,200 Sqft ∙ Built 2005
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 15024 Willow Arbor Cir Orlando, FL 5
    • 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2018
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.06
    •  
PROPERTY LISTING DETAILS
Mario Zendeli
1.407.325.3893
Zen Real Estate Co Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903685
Last Updated: 11/06/2020
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