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1801 Verde Way Orlando, FL 32835

5 Beds 4 Baths 2,768 sqft Built 1994

$495,000

List Price

$2,850

$2.6K - $3.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $178.83
  • 29 Days on Market
  • MLS # : O5925102
  • Updated Date : 03/19/2021 at 21:15
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,768 sqft
  • Baths : 3 full , 1 half
Listing Agent

Joy Estate Enterprise Inc

Listing Agent's Description

PRICE REDUCE !! WILL SELL FAST! Metro West Gate Community Home in Vista Royale. Beautiful 5 bedrooms and 3.5 bath house with Swimming Pool. One of the popular floor plan in this community with upgrade 5th bedroom & full bath bathroom above garage. Title floor through out the house, and wood floor in Master suite. Three Sliding door bringing so much light into the house and easy access to Pool area. Split floor plan with formal Dinning and Living room. Open space kitchen connect to Family room. Great Location with walking distance to Metro West Elementary School, only minutes from Supermarket, Shopping, Restaurant, Millennia Mall, and Down Town Orlando.

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: Metro West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $87k253k

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

Neighborhood: Metro West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10282458

* 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
Metrowest Elementary School Primary Regular 1,515 92 3
Gotha Middle School Middle Regular 1,272 67 3
Olympia High School High Regular 2,990 134 7

Metrowest Elementary School

  • Education Level: Primary
  • # of students: 1,515
  • # of teachers: 92
3
GreatSchools Rating

Gotha Middle School

  • Education Level: Middle
  • # of students: 1,272
  • # of teachers: 67
3
GreatSchools Rating

Olympia High School

  • Education Level: High
  • # of students: 2,990
  • # of teachers: 134
7
GreatSchools Rating
 

$445,500$544,500$495,000

PURCHASE PRICE

$2,565$3,135$2,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,850
EXPENSES Loan Payment -$1,719
Property Tax -$624
Property Insurance -$202
HOA -$208
Property Management Fees -$129
CASH FLOW
-$32

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.

$495,000

PROJECTED PRICE

$2,850

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.3%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$136,925

INVESTMENT

$136,925

Down Payment
$123,750
Rehab Estimate
$5,750
Closing Costs
$7,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,719

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $123,750
Loan Amount $371,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$19,758

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,850

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,823

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,5003$2,7004$2,8505$2,850
$2,850
RENT COMPS ANALYSIS
  • 1801 Verde Way Orlando, FL 5
    • 5 beds 4 baths ∙ 2,768 Sqft ∙ Built 1994 5 beds 4 baths ∙ 2,768 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.03
    •  
  • 7924 Bridgestone Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,476 Sqft ∙ Built 1996
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.97
    •  
  • 1835 Verde Way Orlando, FL 2
    • 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,435 Sqft ∙ Built 1995
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
  • 1027 Almond Tree Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 1988
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.04
    •  
  • 7698 Torino Ct Orlando, FL 4
    • 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,747 Sqft ∙ Built 1995
    LEASED 02/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,850
    • $1.04
    •  
PROPERTY LISTING DETAILS
Joyce Tang
1.321.754.9131
Joy Estate Enterprise Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5925102
Last Updated: 03/19/2021
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