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2224 Abey Blanco Dr Orlando, FL 32828

4 Beds 3 Baths 2,814 sqft Built 2006

$385,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $136.82
  • 3 Days on Market
  • MLS # : O5909750
  • Updated Date : 12/04/2020 at 17:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,814 sqft
  • Baths : 2 full , 1 half
Listing Agent

L Sali Realty Llc

Listing Agent's Description

Beautiful home, well maintained in Avalon Park. New roof 2 A/C units installed in 2019. Features an open floor plan with a gourmet kitchen, that includes a butler's pantry, desk, and upgraded Corian countertops. Pre-wired for surround system. The formal large dining room well fits a table for 12. The oversized, tiled, screened-in lanai, to extend parties and family gatherings to the outside. Upstairs you will find all bedrooms including a master bath that features a jetted tub and a separate shower. All wood stairs and hallways and tiles throughout the first floor. Must see. Walking distance from downtown Avalon Park, close to 528, 417, Lockheed Martin, and Waterford Lakes shopping center.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Avalon Park Northwest Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Avalon Park Northwest Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292089

* 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
Stone Lakes Elementary School Primary Regular 870 58 9
Avalon Middle School Middle Regular 1,809 96 8
Timber Creek High School High Regular 3,132 161 8

Stone Lakes Elementary School

  • Education Level: Primary
  • # of students: 870
  • # of teachers: 58
9
GreatSchools Rating

Avalon Middle School

  • Education Level: Middle
  • # of students: 1,809
  • # of teachers: 96
8
GreatSchools Rating

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$346,500$423,500$385,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,420
Property Tax -$448
Property Insurance -$204
HOA -$108
Property Management Fees -$129
CASH FLOW
-$360

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.

$385,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,620

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $2,160

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0503$2,1954$2,1955$2,195
$2,195
RENT COMPS ANALYSIS
  • 2224 Abey Blanco Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.69
    •  
  • 2212 Abey Blanco Dr Orlando, FL 2
    • 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2006
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.73
    •  
  • 14397 Paradise Tree Dr Orlando, FL 3
    • 5 beds 3 baths ∙ 2,778 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,778 Sqft ∙ Built 2005
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.79
    •  
  • 2837 Wild Tamarind Blvd Orlando, FL 4
    • 5 beds 4 baths ∙ 2,779 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,779 Sqft ∙ Built 2006
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.79
    •  
  • 2761 Dover Glen Cir Orlando, FL 5
    • 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,889 Sqft ∙ Built 2003
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.76
    •  
PROPERTY LISTING DETAILS
Laura Salicrup
1.407.506.6396
L Sali Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5909750
Last Updated: 12/04/2020
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