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2109 Great Falls Way Orlando, FL 32824

4 Beds 3 Baths 2,850 sqft Built 2005

$349,900

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $122.77
  • 3 Days on Market
  • MLS # : S5045512
  • Updated Date : 01/23/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,850 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams At The Lakes

Listing Agent's Description

Make your appointment today to view this 4 bed/2.5bath PLUS upstairs LOFT located in Beacon Park. 2109 Great Falls has been FRESHLY painted inside with BRAND NEW carpet installed throughout. Walking in are your formal living and dining rooms. The kitchen features ample cabinets and countertop space with island along with stainless steel refrigerator, range, microwave and dishwasher. Downstairs is a spacious owners retreat with dual vanities, stand up shower and garden tub. Upstairs are 3 bedrooms, fully bathroom and a loft. Conveniently located within minutes from the airport, and close proximity to highway 417 and the Lake Nona area.

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: La Cascada

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k300k

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

Neighborhood: La Cascada

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9611802

* 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
 

$314,910$384,890$349,900

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 -$1,215
Property Tax -$391
Property Insurance -$206
HOA -$33
Property Management Fees -$129
CASH FLOW
-$5

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.

$349,900

PROJECTED PRICE

$1,970

PROJECTED RENT

0.56%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$16,716

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
  • $0.69

    LIST RENT PER SQFT
  • $2,209

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,970
1$1,9702$2,0503$2,0674$2,2005$2,395
$2,395
RENT COMPS ANALYSIS
  • 2109 Great Falls Way Orlando, FL 1
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.69
    •  
  • 2125 Ribbon Falls Pkwy Orlando, FL 2
    • 4 beds 4 baths ∙ 2,855 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,855 Sqft ∙ Built 2005
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.72
    •  
  • 14933 Braywood Trl Orlando, FL 3
    • 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,800 Sqft ∙ Built 2007
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,067
    • $0.74
    •  
  • 2159 Victoria Falls Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 2005
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.77
    •  
  • 2266 J Lawson Blvd Orlando, FL 5
    • 5 beds 3 baths ∙ 2,743 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,743 Sqft ∙ Built 2017
    LEASED 12/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.87
    •  
PROPERTY LISTING DETAILS
Vanessa Barnes
1.407.973.2414
Keller Williams At The Lakes
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5045512
Last Updated: 01/23/2021
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