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2706 Rivers End Rd Orlando, FL 32817

4 Beds 2 Baths 1,936 sqft Built 1998

$284,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $147.16
  • 2 Days on Market
  • MLS # : T3278957
  • Updated Date : 12/05/2020 at 12:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,936 sqft
  • Baths : 2 full
Listing Agent

Offerpad Brokerage

Listing Agent's Description

VACANT! Come view this 4 bedroom, 2 bath home with a Covered front porch, NEW interior paint, NEW luxury vinyl plank flooring throughout all main areas of the home, including the hallway, laundry room, and hall bathroom. NEW carpet in in all bedrooms, new lighting, new interior doors, vaulted ceilings, split floor plan, open concept, with large family/dining room combo in the front of home, master bedroom has vaulted ceilings with large walk in closet, huge master bathroom with a soaker tub, walk in shower, and dual vanities, the kitchen is open to living room, has granite countertops with granite island with new Stainless Steel appliances. Open to rear living room, rear living has vaulted ceilings and sliders to the backyard. Don't miss this one!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rivers Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k299k

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

Neighborhood: Rivers Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8151839

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$256,410$313,390$284,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,051
Property Tax -$324
Property Insurance -$152
HOA -$42
Property Management Fees -$129
CASH FLOW
$52

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.

$284,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.61%

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,249

INVESTMENT

$81,249

Down Payment
$71,225
Rehab Estimate
$5,750
Closing Costs
$4,274

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,051

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,225
Loan Amount $213,675
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$22,311

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,868

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,735
1$1,7352$1,7503$1,7504$1,7895$2,000
$2,000
RENT COMPS ANALYSIS
  • 2706 Rivers End Rd Orlando, FL 3
    • 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,936 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 3012 Carley Estates Ct Orlando, FL 1
    • 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,872 Sqft ∙ Built 2013
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.93
    •  
  • 10867 Piping Rock Cir Orlando, FL 2
    • 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 1999
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.98
    •  
  • 11467 Brown Quail Ct Orlando, FL 4
    • 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 2004
    LEASED 03/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,789
    • $0.98
    •  
  • 3405 Spotted Fawn Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,067 Sqft ∙ Built 1988
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
PROPERTY LISTING DETAILS
Rob Jones
1.813.534.6326
Offerpad Brokerage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278957
Last Updated: 12/05/2020
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