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3030 Holland Dr Orlando, FL 32825

4 Beds 2 Baths 1,934 sqft Built 1999

$315,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $162.87
  • 6 Days on Market
  • MLS # : O5902709
  • Updated Date : 11/02/2020 at 12:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,934 sqft
  • Baths : 2 full
Listing Agent

Commercial Homes & Land Inc

Listing Agent's Description

Beautiful open floor plan with 4 bedroom, 2 bath home in Andover Lakes in Orlando! New HVAC unit installed August 2020, New kitchen with granite counter tops and new stainless steel appliances, New vanity in both bathroom, freshly painted inside. New roof installed in 2016. Lots of room to entertain in the living room/dining room area, as well as in the kitchen and family room! Outside is an open patio with fenced in yard. Convenient located to HWY 417 with easy access to shopping and restaurants.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Andover Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Andover Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9562089

* 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
Andover Elementary School Primary Regular 786 53 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Andover Elementary School

  • Education Level: Primary
  • # of students: 786
  • # of teachers: 53
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
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,162
Property Tax -$358
Property Insurance -$152
HOA -$22
Property Management Fees -$148
CASH FLOW
-$201

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.

$315,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 9.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,705

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,634

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6003$1,6404$1,6655$1,725
$1,725
RENT COMPS ANALYSIS
  • 3030 Holland Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.85
    •  
  • 3131 Denham Ct Orlando, FL 1
    • 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,002 Sqft ∙ Built 1992
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.75
    •  
  • 3229 Holland Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1996
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 3090 Natoma Way Orlando, FL 4
    • 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,950 Sqft ∙ Built 1999
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $0.85
    •  
  • 3006 Holland Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,994 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,994 Sqft ∙ Built 1996
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.87
    •  
PROPERTY LISTING DETAILS
Virginia Perez Feliciano
1.407.864.8197
Commercial Homes & Land Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5902709
Last Updated: 11/02/2020
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