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2177 Victoria Falls Dr Orlando, FL 32824

4 Beds 3 Baths 2,307 sqft Built 2005

$329,700

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $142.91
  • 9 Days on Market
  • MLS # : O5901638
  • Updated Date : 10/26/2020 at 12:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,307 sqft
  • Baths : 2 full , 1 half
Listing Agent

Sand Dollar Realty Group Inc

Listing Agent's Description

One or more photo(s) has been virtually staged. Beautiful turn key home, featuring 2,307 square feet of living space with 4 spacious bedrooms, loft, laundry room on ground floor and 2.5 baths, two car garage. The tiled entry welcomes you into this beautiful home and into the formal living room. High ceilings throughout. The kitchen with its bright white cabinets, high ceilings, Corian countertops and large kitchen island, makes a great place for entertaining and for family to gather and enjoy. Master bedroom is located on the ground floor, with a spacious bathroom and walk-in closet. Upstairs leads to three more bedrooms and the loft that is great for family spend quality time playing games or watching TV. Close to Theme Parks, Medical City, Amazon, Orlando International Airport, Lake Nona Sports, Performance District Award-winning restaurants & great shopping. Orlando Airport (5 Miles/10 Min.) Medical City (3 Miles/5-10 Min.), Disney World (15 Miles/20 min.), SeaWorld (14 Miles/20 min.), Universal Studios(18 Miles/25 Min.), Downtown Orlando (20 Miles/25 Minutes).

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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: 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
 

$296,730$362,670$329,700

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,216
Property Tax -$369
Property Insurance -$174
HOA -$32
Property Management Fees -$180
CASH FLOW
$28

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.

$329,700

PROJECTED PRICE

$2,000

PROJECTED RENT

0.61%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$93,121

INVESTMENT

$93,121

Down Payment
$82,425
Rehab Estimate
$5,750
Closing Costs
$4,946

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,216

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,425
Loan Amount $247,275
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$17,568

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,203

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,1004$2,1755$2,400
$2,400
RENT COMPS ANALYSIS
  • 2177 Victoria Falls Dr Orlando, FL 2
    • 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,307 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.87
    •  
  • 1911 Canoe Creek Falls Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.87
    •  
  • 2026 Beacon Landing Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2017
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
  • 2080 Beacon Landing Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2014
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.99
    •  
  • 15054 Lake Nona Blvd Orlando, FL 5
    • 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2016
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.96
    •  
PROPERTY LISTING DETAILS
Robert Arnold, Jr
1.407.389.7318
Sand Dollar Realty Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5901638
Last Updated: 10/26/2020
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