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2537 Tree Ridge Ln Orlando, FL 32817

3 Beds 2 Baths 990 sqft Built 1982

$224,900

List Price

$1,170

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $227.17
  • 3 Days on Market
  • MLS # : O5929850
  • Updated Date : 03/19/2021 at 12:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 990 sqft
  • Baths : 2 full
Listing Agent

Capital Hill Realty And Management Inc

Listing Agent's Description

Welcome to Arbor Ridge. This split plan 3-bedroom, 3 bath home has newer A/C, laminated floor in living room and carpets in bedrooms installed in 2020. As you walk in the front door, you’re greeted with living room, dining room and kitchen combo. Walk through the living and dining room area to your enclosed screened back porch with your spacious backyard. This charming community has no HOA and is located close to SR 417, SR 408 & East Colonial Drive.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)

PRICE & RENT TRENDS

Neighborhood: Arbor Ridge West

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $74k253k

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

Neighborhood: Arbor Ridge West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6201712

* 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
Union Park Middle School Middle Regular 873 52 3
Winter Park High School High Magnet 3,069 164 7
Winter Park High 9th Grade Center High Unknown NA

Union Park Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 52
3
GreatSchools Rating

Winter Park High School

  • Education Level: High
  • # of students: 3,069
  • # of teachers: 164
7
GreatSchools Rating

Winter Park High 9th Grade Center

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$202,410$247,390$224,900

PURCHASE PRICE

$1,053$1,287$1,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,170
EXPENSES Loan Payment -$781
Property Tax -$256
Property Insurance -$95
Property Management Fees -$129
CASH FLOW
-$91

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.

$224,900

PROJECTED PRICE

$1,170

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 12.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,349

INVESTMENT

$65,349

Down Payment
$56,225
Rehab Estimate
$5,750
Closing Costs
$3,374

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$781

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,225
Loan Amount $168,675
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$5,925

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,170

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $995

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,1503$1,1704$1,1755$1,450
$1,450
RENT COMPS ANALYSIS
  • 2537 Tree Ridge Ln Orlando, FL 3
    • 3 beds 2 baths ∙ 990 Sqft ∙ Built 1982 3 beds 2 baths ∙ 990 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,170
    • $1.18
    •  
  • 2888 Kinnon Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 994 Sqft ∙ Built 1975 3 beds 2 baths ∙ 994 Sqft ∙ Built 1975
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.01
    •  
  • 2609 Newbolt Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1993
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.94
    •  
  • 9533 Bandelier Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,193 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,193 Sqft ∙ Built 1988
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.98
    •  
  • 2416 Olive Branch Way Orlando, FL 5
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1996
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
PROPERTY LISTING DETAILS
Amar Guemraoui
1.407.267.7926
Capital Hill Realty And Management Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5929850
Last Updated: 03/19/2021
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