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3806 Inwood Landing Ct Orlando, FL 32812

3 Beds 2 Baths 2,135 sqft Built 1987

INVESTimate

$395,000

List Price

$2,270

$2,043 - $2,497

Rent Est.

$424,151  ( +7.38%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $185.01
  • 4 Days on Market
  • MLS # : O5887193
  • Updated Date : 08/24/2020 at 12:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,135 sqft
  • Baths : 2 full
Listing Agent

La Rosa Realty, Llc

Listing Agent's Description

Welcome home to Inwood Landings a 25 house neighborhood that is located in the heart of Conway. This Florida ranch style home has been well maintained and offers 3 bedroom and 2 baths. The large great room with a vaulted ceiling has a brick, wood burning fireplace. The kitchen includes stainless steel appliances and a cozy eating area over looking the pool. The screened-in pool is adjacent to the large lanai for outdoor entertaining. Large master bedroom with walk-in closet has access to the lanai and pool. The master bath has dual sinks and a very large walk in shower. Recent updates include new roof in 2019, exterior paint and new HVAC with HCT sanitizer in 2015 and new septic in 2013. This home is zoned for new Pershing K-8 School and Boone High School. Located close to Orlando International Airport, shopping, and downtown Orlando. Active ARLO cameras do not convey.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Inwood Landing

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $105k579k

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

Neighborhood: Inwood Landing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292145

* 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
Boone High School High Magnet 2,763 141 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

Boone High School

  • Education Level: High
  • # of students: 2,763
  • # of teachers: 141
7
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,457
Property Tax -$449
Property Insurance -$164
HOA -$26
Property Management Fees -$204
CASH FLOW
-$30

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.

$395,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.38%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,457

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

4.25

YEARS SAVED

$19,433

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $2,349

    COMP ESTIMATED VALUE
  • $1.1

    COMP AVG. RENT PER SQFT
Comps Range
$2,270
1$2,2702$2,2953$2,4004$2,4505$2,475
$2,475
RENT COMPS ANALYSIS
  • 3806 Inwood Landing Ct Orlando, 1
    • 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,135 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.06
    •  
  • 3628 Oakview Dr Orlando, 2
    • 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,916 Sqft ∙ Built 1969
    LEASED 05/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.20
    •  
  • 4324 Stonewall Dr Orlando, 3
    • 4 beds 2 baths ∙ 2,076 Sqft ∙ Built 1968 4 beds 2 baths ∙ 2,076 Sqft ∙ Built 1968
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.16
    •  
  • 3845 Gatlin Place Cir Orlando, 4
    • 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,389 Sqft ∙ Built 1991
    LEASED 08/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.03
    •  
  • 3502 Gatlin Place Cir Orlando, 5
    • 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 1991
    LEASED 05/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.01
    •  
PROPERTY LISTING DETAILS
Kim Oliver
1.407.947.3100
La Rosa Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5887193
Last Updated: 08/24/2020
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