Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

2549 Abney Ave Orlando, FL 32833

3 Beds 2 Baths 1,798 sqft Built 2001

$295,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $164.07
  • 2 Days on Market
  • MLS # : O5923615
  • Updated Date : 02/14/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,798 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Orlando

Listing Agent's Description

Welcome to this beautiful and updated home in the amazing Wedgefield community! Upon entering you will be welcomed by a open and bright open concept floor plan. This one-story, move-in ready home offers a split floor plan with a nicely sized master bedroom. Additionally, home features an extra bonus room that can be used as an at home office, or formal dining room. Wedgefield is a highly desired GOLF COMMUNITY with a restaurant, pool, amenities, walking trails etc. There is an ANNUAL OPTIONAL HOA of only $50!!! Minutes away from SR-528, the airport, shopping, dining, entertainment, UCF, Cocoa Beach, Wedgefield Park (basketball, volleyball, cooking area etc) Lake Davis, Hal Scott Regional Preserve and Park and much more... You will find this the perfect opportunity to call this property HOME!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Cape Orl Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k334k

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

Neighborhood: Cape Orl Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10281899

* 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
Wedgefield K-8 School Primary Regular NA
Wedgefield K-8 School Middle Regular NA
East River High School High Regular 1,957 96 5

Wedgefield K-8 School

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

Wedgefield K-8 School

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

East River High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 96
5
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,025
Property Tax -$336
Property Insurance -$144
Property Management Fees -$129
CASH FLOW
$57

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.

$295,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.7%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$19,865

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,713

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,6453$1,6504$1,6505$1,690
$1,690
RENT COMPS ANALYSIS
  • 2549 Abney Ave Orlando, FL 5
    • 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,798 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.94
    •  
  • 20836 Melville St Orlando, FL 1
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1985
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.99
    •  
  • 2241 Baker Ave #1 Orlando, FL 2
    • 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,782 Sqft ∙ Built 1991
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,645
    • $0.92
    •  
  • 20355 Mardi Gras St Orlando, FL 3
    • 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,632 Sqft ∙ Built 1998
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.01
    •  
  • 2530 Abbey Ave #4 Orlando, FL 4
    • 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2002
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
PROPERTY LISTING DETAILS
Luz Rosa
1.321.363.7355
Charles Rutenberg Realty Orlando
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5923615
Last Updated: 02/14/2021
BESbswy