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2201 Rio Pinar Lakes Blvd Orlando, FL 32822

4 Beds 2 Baths 2,033 sqft Built 2002

INVESTimate

$324,900

List Price

$1,650

$1,485 - $1,815

Rent Est.

$360,542  ( +10.97%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $159.81
  • 6 Days on Market
  • MLS # : O5886624
  • Updated Date : 08/24/2020 at 16:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,033 sqft
  • Baths : 2 full
Listing Agent

Orlando Realty East Llc

Listing Agent's Description

Welcome to your new home in the beautiful Rio Pinar Lakes. This house is fully renovated and ready to move in!! No need to worry about home repairs for decades with a brand new ROOF, AC, and Water Heater. This home is modernized with newly renovated bathrooms and kitchen tiles, granite counter tops throughout the home, and brand new Stainless Steel Kitchen appliances, and even comes with new washer and dryer!! You won't see a home in this neighborhood with as much space for this price. The high ceilings and open floor plan make for an inviting space. With the skylight and fresh paint, this home offers plenty of natural lighting as well as all new lighting fixtures. You're going to love the size of this Master bedroom as well as the grand en-suite bathroom, complete with a his and her walk in closets, his and her sinks, walk in shower and garden tub. The most unique part of this home is the addition in the back which is an extra large bedroom that has a lot of flexibility in its use. With a private entrance, you can utilize this space as a mother-in-law suite, master bedroom for multiple families, or install a big screen and pool table and utilize as a recreational game room or movie theater, the possibilities are endless. The backyard features a storage shed, over-sized patio and brand new vinyl fencing all around making it a private oasis and perfect for families with pets.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rio Pinar Lakes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Rio Pinar Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8821712

* 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
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,199
Property Tax -$372
Property Insurance -$158
HOA -$11
Property Management Fees -$149
CASH FLOW
-$238

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.

$324,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 10.97%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$1,756

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,748

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6753$1,7204$1,7405$1,750
$1,750
RENT COMPS ANALYSIS
  • 2201 Rio Pinar Lakes Blvd Orlando, 1
    • 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 2064 Ambergris Dr Orlando, 2
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1988
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.82
    •  
  • 2740 Autumn Green Dr Orlando, 3
    • 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 1989
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.83
    •  
  • 2010 Gamboge Dr Orlando, 4
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1988
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.85
    •  
  • 7816 Shane Ct Orlando, 5
    • 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,865 Sqft ∙ Built 1994
    property image
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
PROPERTY LISTING DETAILS
Daniel Rodriguez
1.407.802.9799
Orlando Realty East Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886624
Last Updated: 08/24/2020
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