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2620 Woods Edge Cir Orlando, FL 32817

4 Beds 3 Baths 1,498 sqft Built 1997

$265,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $176.90
  • 2 Days on Market
  • MLS # : O5926628
  • Updated Date : 02/28/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,498 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

This 4 bedroom, 2.5 bath home is located in the highly sought after Econ River Estates. As you enter this lovely home, you are greeted with a spacious living room and vaulted ceilings. Ceramic floors run throughout the first floor as well as the master suite. Enjoy breakfast in the remodeled eat in kitchen. It has plenty of natural light and leads to the deck and fenced in yard. The upstairs features new carpet throughout along with a spacious bathroom and 3 additional bedrooms. There is a view of the pond and the house is located in a perfect spot to enjoy the view. This home is close to shopping, churches, restaurants, schools and Universities. Easy access to major highways as well. Come and see this beautiful home today.

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: Econ River Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $88k253k

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

Neighborhood: Econ River Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6641712

* 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
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$920
Property Tax -$301
Property Insurance -$126
HOA -$8
Property Management Fees -$129
CASH FLOW
$76

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.

$265,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.3%
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$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$19,943

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,580

    COMP ESTIMATED VALUE
  • $1.06

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4953$1,5604$1,6005$1,800
$1,800
RENT COMPS ANALYSIS
  • 2620 Woods Edge Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 1,498 Sqft ∙ Built 1997 4 beds 3 baths ∙ 1,498 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $1.04
    •  
  • 2416 Olive Branch Way Orlando, FL 1
    • 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
    •  
  • 9307 Telfer Run Orlando, FL 2
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1993
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 2952 Delcrest Dr #3 Orlando, FL 4
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1993
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
  • 2832 Delcrest Dr #2 Orlando, FL 5
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1992
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
PROPERTY LISTING DETAILS
Tara Stevens
1.407.709.7216
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5926628
Last Updated: 02/28/2021
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