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2644 Greenwillow Dr Orlando, FL 32825

4 Beds 2 Baths 2,066 sqft Built 2001

$345,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $166.99
  • 2 Days on Market
  • MLS # : O5911357
  • Updated Date : 12/12/2020 at 18:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,066 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This is the house you've been waiting for. Beautifully renovated home, styled fit for a magazine in the gated, full amenity community of the Preserve at Rio Pinar. This 4 bedroom / 2 bathroom home features an open floor plan, and custom details not to be rivaled. Kitchen boasts 42” shaker cabinets, "superwhite" quartzite countertops, glass subway tile backsplash, Kohler porcelain farmhouse sink with Moen pull down faucet, quiet-close drawers, under cabinet lighting, and LG dark stainless-steel appliances. Gorgeous wood-look gray porcelain tile floors in living areas, and hand scraped distressed bamboo floors in all bedrooms. Custom-built laundry room also features 42” shaker cabinets, and glass subway tile backsplash. All bedrooms have ample closets with organizational details. Guest bathroom has double vanity, and Carrara marble countertops. Family room includes dramatic accent wall with Valentino marble panel ledge. Cased doorways, Crown molding, and upgraded 5 ½” baseboards throughout. BRAND NEW AC unit (Summer 2020), NEW ROOF (January 2018), NEW exterior paint (Feb 2018). NEW paver entry walkway and back patio. Garage has built-in cabinets and workspace. Pre-fit boards included for hurricane window protection. Residents of the in-demand golf community of the Preserve at Rio Pinar enjoy community pool, playground, walking trails, basketball, and tennis courts. Close to major highways, Florida Hospital East, Research Park, UCF, Lockheed Martin. All this and the sellers are offering an American Home Shield Home Warranty.

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: Villages of Rio Pinar

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $105k481k

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

Neighborhood: Villages of Rio Pinar

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10292432

* 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
Deerwood Elementary School Primary Regular 442 42 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Deerwood Elementary School

  • Education Level: Primary
  • # of students: 442
  • # of teachers: 42
8
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$310,500$379,500$345,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,273
Property Tax -$392
Property Insurance -$160
HOA -$103
Property Management Fees -$129
CASH FLOW
-$237

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.

$345,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.8%
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$8.0k$10k

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$97,175

INVESTMENT

$97,175

Down Payment
$86,250
Rehab Estimate
$5,750
Closing Costs
$5,175

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,273

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,250
Loan Amount $258,750
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$6,192

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,808

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,8003$1,8204$1,8305$1,850
$1,850
RENT COMPS ANALYSIS
  • 2644 Greenwillow Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,066 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.88
    •  
  • 9837 Doriath Cir Orlando, FL 1
    • 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 2004
    LEASED 04/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.83
    •  
  • 10039 Silmarien St Orlando, FL 2
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 10046 Rivers Pointe Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,999 Sqft ∙ Built 1997
    LEASED 02/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.92
    •  
  • 9842 Doriath Cir Orlando, FL 5
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.89
    •  
PROPERTY LISTING DETAILS
Bonnie Endrick
1.760.914.0140
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911357
Last Updated: 12/12/2020
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