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1834 N Powers Dr Orlando, FL 32818

3 Beds 2 Baths 1,220 sqft Built 1960

$169,997

List Price

$1,140

$1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $139.34
  • 2 Days on Market
  • MLS # : O5928270
  • Updated Date : 03/06/2021 at 21:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,220 sqft
  • Baths : 2 full
Listing Agent

La Rosa Rty Winter Garden Llc

Listing Agent's Description

Immaculate home centrally located and close to everything. Located on a big lot. Come to se for yourself. Tenants occupied on month to moth lease.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Robinswood

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $53k253k

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

Neighborhood: Robinswood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8591712

* 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
Hiawassee Elementary School Primary Regular 782 50 2
Robinswood Middle School Middle Magnet 1,232 71 2
Evans High School High Magnet 2,355 117 3

Hiawassee Elementary School

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 50
2
GreatSchools Rating

Robinswood Middle School

  • Education Level: Middle
  • # of students: 1,232
  • # of teachers: 71
2
GreatSchools Rating

Evans High School

  • Education Level: High
  • # of students: 2,355
  • # of teachers: 117
3
GreatSchools Rating
 

$152,997$186,997$169,997

PURCHASE PRICE

$1,026$1,254$1,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,140
EXPENSES Loan Payment -$590
Property Tax -$193
Property Insurance -$109
Property Management Fees -$129
CASH FLOW
$118

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.

$169,997

PROJECTED PRICE

$1,140

PROJECTED RENT

0.67%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 13.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$50,799

INVESTMENT

$50,799

Down Payment
$42,499
Rehab Estimate
$5,750
Closing Costs
$2,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$590

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $42,499
Loan Amount $127,498
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$18,313

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,140

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,037

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,1403$1,1994$1,2675$1,367
$1,367
RENT COMPS ANALYSIS
  • 1834 N Powers Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1960
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,140
    • $0.93
    •  
  • 1234 Saint James Rd Orlando, FL 1
    • 3 beds 1 baths ∙ 1,232 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,232 Sqft ∙ Built 1953
    property image
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.81
    •  
  • 5824 Harrington Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1959
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.88
    •  
  • 1573 N Hudson St Orlando, FL 4
    • 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1956
    property image
    LEASED 02/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,267
    • $0.84
    •  
  • 1730 Hinckley Rd Orlando, FL 5
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1972
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,367
    • $0.87
    •  
PROPERTY LISTING DETAILS
Jean Lubin
1.407.668.9744
La Rosa Rty Winter Garden Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5928270
Last Updated: 03/06/2021
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