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1712 Arbor Park Dr Winter Park, FL 32789

4 Beds 2 Baths 1,899 sqft Built 1970

$493,200

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $259.72
  • 5 Days on Market
  • MLS # : O5926023
  • Updated Date : 02/25/2021 at 08:44
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,899 sqft
  • Baths : 2 full
Listing Agent

Lokation

Listing Agent's Description

Located in the highly desirable Winter Park Location. This 4 Bedroom/ 2 Bathroom recently renovated home features updates throughout. This beautiful charming newly remodeled home has been updated with new doors , windows , flooring , crown moldings, granite counter tops throughout, Etc. The kitchen is a must see which has been fully newly remolded entirely, with new cabinets, appliances, light fixtures, plumbing fixtures, backsplash, exotic granite counter tops, Etc. The two bathrooms in this home has been fully renovated with beautiful touches. This home is located within close proximity to shopping, dining , golfing, parks , ymca , hospital, Etc . What’s also great about this property is that there is no HOA !!! Come see your next home now as properties in this neighborhood rarely comes on the market for sale. Don’t wait come see this gem now before it’s gone !!!

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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: Conwill Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600k650kPrice in $110k677k

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

Neighborhood: Conwill Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000320034003600Rent in $10293671

* 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
Lakemont Elementary School Primary Regular 656 45 8
Maitland Middle School Middle Regular 909 48 5
Winter Park High School High Magnet 3,069 164 7

Lakemont Elementary School

  • Education Level: Primary
  • # of students: 656
  • # of teachers: 45
8
GreatSchools Rating

Maitland Middle School

  • Education Level: Middle
  • # of students: 909
  • # of teachers: 48
5
GreatSchools Rating

Winter Park High School

  • Education Level: High
  • # of students: 3,069
  • # of teachers: 164
7
GreatSchools Rating
 

$443,880$542,520$493,200

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,713
Property Tax -$513
Property Insurance -$150
Property Management Fees -$129
CASH FLOW
-$445

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.

$493,200

PROJECTED PRICE

$2,060

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.90%
Appreciation Year (1-5) 8.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.93%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,448

INVESTMENT

$136,448

Down Payment
$123,300
Rehab Estimate
$5,750
Closing Costs
$7,398

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,713

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,300
Loan Amount $369,900
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,836

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $1,828

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,7503$1,8954$1,9705$2,060
$2,060
RENT COMPS ANALYSIS
  • 1712 Arbor Park Dr Winter Park, FL 5
    • 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,899 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.08
    •  
  • 1864 Maywood Rd Winter Park, FL 1
    • 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,781 Sqft ∙ Built 1956
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.87
    •  
  • 2336 High St Winter Park, FL 2
    • 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,925 Sqft ∙ Built 1971
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.91
    •  
  • 5341 Lake Howell Rd Winter Park, FL 3
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1956 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1956
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.07
    •  
  • 1821 Carrigan Ave Winter Park, FL 4
    • 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,964 Sqft ∙ Built 1960
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $1.00
    •  
PROPERTY LISTING DETAILS
Ravindra Ramnarace
1.561.506.4524
Lokation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5926023
Last Updated: 02/25/2021
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