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2504 Wild Tamarind Blvd Orlando, FL 32828

4 Beds 3 Baths 2,870 sqft Built 2006

$375,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $130.66
  • 5 Days on Market
  • MLS # : O5899965
  • Updated Date : 11/01/2020 at 12:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,870 sqft
  • Baths : 2 full , 1 half
Listing Agent

Erin Realty Llc

Listing Agent's Description

This immaculate, contemporary style home sits on an oversized conservation lot in AVALON PARK NORTHWEST Village. The house is loaded with upgrades. Downstairs has Lutron Lighting Fixtures, and tiles in the living, family, and kitchen areas. Lots of newly installed features, including flooring; baseboards; window casings; lighting fixtures; and rear patio French doors; crown molding; farmhouse sink; quartz counters; and backsplash. The kitchen cabinets have been repainted. Downstairs Master Bedroom has laminate flooring. Master Bathroom was renovated with new flooring; shower; double vanity. Master Closet includes California closet fixtures & newer flooring. Upstairs Bathroom Renovation: painted cabinets; new hardware; lighting fixtures; new stair flooring; railing paint; fenced backyard; irrigation upgrades; back patio pavers/Fire Pit; exterior lighting & Security Upgrades. The second-floor features a Large Loft, 3 Bedrooms & Renovated Full Bath. Zoned Excellent Top Rated Schools. Downtown Avalon provides Shops, Restaurants & Professional Services. Avalon Park has easy access to Downtown Orlando, 528, 417 & 408 toll roads, Waterford Lakes Town Center, UCF, Valencia, Research Parkway, Lockheed Martin, Siemens, Medical City, Lake Nona, and Florida's beaches & Major Attractions. Avalon Park has amazing amenities and features COMMUNITY EVENTS, COMMUNITY POOL, SPLASH PAD and PLAYGROUND. Enjoy beautiful JOGGING/BIKING TRAILS, DOG PARK, and PLAYING FIELDS. Along with nearby shops, restaurants and professional services create an ideal, closely knit community where you know your neighbors. Conveniently located minutes from UCF, highways 408, 417, 528, Orlando Executive Airport, 40 Minutes to Disney World, close vicinity to Downtown Orlando and Medical City via Innovation Way.

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: 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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,384
Property Tax -$452
Property Insurance -$208
HOA -$109
Property Management Fees -$193
CASH FLOW
-$204

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.

$375,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.57%

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-$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$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,189

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,246

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1403$2,1954$2,1955$2,595
$2,595
RENT COMPS ANALYSIS
  • 2504 Wild Tamarind Blvd Orlando, FL 2
    • 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.75
    •  
  • 2212 Abey Blanco Dr Orlando, FL 1
    • 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
    •  
  • 2837 Wild Tamarind Blvd Orlando, FL 3
    • 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 4
    • 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
    •  
  • 1727 Crown Hill Blvd Orlando, FL 5
    • 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 2004 4 beds 3 baths ∙ 3,064 Sqft ∙ Built 2004
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.85
    •  
PROPERTY LISTING DETAILS
Erin Fang
1.407.960.7898
Erin Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5899965
Last Updated: 11/01/2020
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