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

2906 Notre Dame Dr Orlando, FL 32826

3 Beds 1 Baths 999 sqft Built 1981

$220,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $220.22
  • 4 Days on Market
  • MLS # : O5913570
  • Updated Date : 01/01/2021 at 18:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 999 sqft
  • Baths : 1 full
Listing Agent

Keller Williams Advantage 2 Realty

Listing Agent's Description

Fall in love with this handsomely updated College Heights home, offering a convenient location, NO HOA, AND TWO SCREEN-ENCLOSED PORCHES!! Enjoy sunrises on the front porch and relaxing evenings on the rear porch! The efficient floor plan features newer ceramic tile & neutral color palette throughout the home. Modern upgrades in the kitchen include GRANITE COUNTERS, 42” CHERRY CABINETS & STAINLESS STEEL APPLIANCES. Each of the three roomy bedrooms features an ample reach-in closet and updated ceiling fan. The accommodating bathroom offers a MARBLE shower/tub combo, GRANITE-topped CHERRY vanity, contemporary GLASS VESSEL SINK, designer mirror & brushed nickel fixtures. A spacious 1-car garage houses the laundry area with washer & dryer included. Create your own backyard paradise in the spacious yard with attractive vinyl privacy fencing & storage shed. STORM SHUTTERS on all windows & doors add peace of mind during Florida’s hurricane seasons. Excellent starter home or turnkey investment property. Easy access to HWY 50, 408 and 417...50 minutes from East Coast beaches! Only minutes from UCF, Seminole State College, Research Park, Advent Health ER, shopping, dining and so much more!

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: College Heights

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $90k253k

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

Neighborhood: College Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7811760

* 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
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$812
Property Tax -$250
Property Insurance -$96
Property Management Fees -$129
CASH FLOW
$83

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.

$220,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 11.3%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

7.25

YEARS SAVED

$22,485

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.37

    LIST RENT PER SQFT
  • $1,226

    COMP ESTIMATED VALUE
  • $1.23

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,2253$1,3704$1,4885$1,550
$1,550
RENT COMPS ANALYSIS
  • 2906 Notre Dame Dr Orlando, FL 3
    • 3 beds 1 baths ∙ 999 Sqft ∙ Built 1981 3 beds 1 baths ∙ 999 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.37
    •  
  • 14065 Newcomb Ave Orlando, FL 1
    • 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1981 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1981
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $1.16
    •  
  • 2848 Newcomb Ct Orlando, FL 2
    • 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1980 3 beds 1 baths ∙ 1,026 Sqft ∙ Built 1980
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $1.19
    •  
  • 14001 Furman Ave Orlando, FL 4
    • 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,194 Sqft ∙ Built 1995
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,488
    • $1.25
    •  
  • 2779 Nattie Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1984
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.31
    •  
PROPERTY LISTING DETAILS
Karla Gusching
1.931.217.1089
Keller Williams Advantage 2 Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913570
Last Updated: 01/01/2021
BESbswy