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2120 River Park Blvd Orlando, FL 32817

3 Beds 2 Baths 1,746 sqft Built 1994

$300,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $171.82
  • 3 Days on Market
  • MLS # : O5932642
  • Updated Date : 03/26/2021 at 10:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,746 sqft
  • Baths : 2 full
Listing Agent

The Wilkins Way Llc

Listing Agent's Description

Upgraded 3 bedroom 2 bathroom home + Fenced Backyard with 1,700+ square feet of living space in the neighborhood of River Park. 2017 Solar System. The kitchen has granite countertops, stainless steel appliances, and bar top seating. The master bedroom has vaulted ceilings, single French door access to the patio, and walk in closet. The master bathroom has a dual vanity, garden tub and walk in shower. Upon entry there is a large great room that has a formal living space and dining room space. Off the kitchen down the hallway are the two other bedrooms and full bathroom. The living room has glass sliders that open to the covered patio space and fully wooden fenced in backyard. The backyard has been landscaped to include a fire pit area along with various citrus/fruit trees. Other upgrades include windows (2019), laminate flooring throughout, vaulted ceilings throughout, attic insulation, and water heater (2014). River Park has a park area with a playground, swingset and picnic tables. Ask your agent for the upgrade sheet and make an appointment to see this home today!

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: River Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k277k

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

Neighborhood: River Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7251712

* 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
Riverdale Elementary School Primary Regular 674 45 3
Union Park Middle School Middle Regular 873 52 3
University High School High Magnet 3,111 141 5

Riverdale Elementary School

  • Education Level: Primary
  • # of students: 674
  • # of teachers: 45
3
GreatSchools Rating

Union Park Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 52
3
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 3,111
  • # of teachers: 141
5
GreatSchools Rating
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,042
Property Tax -$341
Property Insurance -$140
HOA -$23
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.

$300,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

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

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$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$15,609

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,742

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6803$1,6804$1,7755$1,825
$1,825
RENT COMPS ANALYSIS
  • 2120 River Park Blvd Orlando, FL 3
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.96
    •  
  • 1244 Flowers Pointe Ln Orlando, FL 1
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1995
    property image
    LEASED 01/27/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.98
    •  
  • 10004 Cypress Glen Pl Orlando, FL 2
    • 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,757 Sqft ∙ Built 1997
    property image
    LEASED 01/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.96
    •  
  • 10236 Willowemac Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,696 Sqft ∙ Built 1992
    property image
    LEASED 12/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.05
    •  
  • 10054 Rivers Trail Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,830 Sqft ∙ Built 1998
    property image
    LEASED 03/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,825
    • $1.00
    •  
PROPERTY LISTING DETAILS
William Wygle
1.407.375.9005
The Wilkins Way Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5932642
Last Updated: 03/26/2021
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