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2236 Abey Blanco Dr Orlando, FL 32828

4 Beds 2 Baths 1,884 sqft Built 2006

$315,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $167.20
  • 3 Days on Market
  • MLS # : O5907504
  • Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,884 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

READY to move in to this gorgeous one story home featuring 4 bedrooms and 2 full bathrooms. Nice, spacious and open concept kitchen with a large eat in kitchen with a breakfast bar overlooking the spacious living room and dinning room. The living room flows right to your brand new covered/screened in porch with pavers, ceiling fan and sliding doors. The backyard also has a beautiful covered gazebo adjacent to the covered, enclosed porch. The home has tile throughout and laminate floors in three bedrooms. The owner suite has a walking closet, double vanity. This one story home is cozy and charming. Don't wait any longer and book your showing today. This home not only features a community with great amenities such as basketball courts, tennis court, pool, internet and basic cable included but it is located minutes from UCF, Lockheed Martin, Waterford Lakes Town Center and all major highways such as the 408, 417 and 528. Downtown Orlando is easily accessible.

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: 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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,162
Property Tax -$366
Property Insurance -$149
HOA -$109
Property Management Fees -$154
CASH FLOW
-$229

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.

$315,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.54%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,176

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,663

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,6003$1,6754$1,7105$1,925
$1,925
RENT COMPS ANALYSIS
  • 2236 Abey Blanco Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 2006 4 beds 2 baths ∙ 1,884 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.91
    •  
  • 13835 Red Mangrove Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,701 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 13823 Phoenix Dr Orlando, FL 2
    • 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 2007 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 2007
    LEASED 10/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.89
    •  
  • 13853 Tea Rose Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 2008 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 2008
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.89
    •  
  • 13612 Podocarpus Ln Orlando, FL 5
    • 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 2006
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.93
    •  
PROPERTY LISTING DETAILS
Raisa Castillo Carpio
1.407.844.1519
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907504
Last Updated: 11/21/2020
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