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4110 Andover Cay Blvd Orlando, FL 32825

4 Beds 2 Baths 1,826 sqft Built 2002

$300,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $164.29
  • 2 Days on Market
  • MLS # : O5918686
  • Updated Date : 01/23/2021 at 09:23
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,826 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Welcome home to the stunning community of Andover Cay! Surrounded by water views and offering a community pool, two playgrounds, a basketball court, and beach volleyball, this charming neighborhood is located just 3 miles from the endless shopping and dining of Waterford Lakes. The beautiful exterior greets you with manicured landscaping, a two-car garage, and oversized windows. Inside you’ll find ceramic tile and wood floors, tall ceilings, and spacious rooms filled with natural light. The formal living and dining circle around to the kitchen, offering (new in 2020) stainless steel appliances, recessed lights, an abundance of storage in wood cabinets, tile backsplash, pantry storage, bar top seating, and access to the laundry room. Roof replaced in 2017. HVAC replaced in 2018. The dinette leads into the great room with captivating views of the fountain gently cascading over the pond. Throw open the French doors and listen to the sounds of the water and the birds as you pour a hot cup of coffee to get ready for the day—what a relaxing way to start your morning! The spacious primary suite also enjoys water views with private porch access. The primary bath provides a large glass door shower, a soaking tub, a walk-in closet, and dual vanities with ample counter space. There are three spacious and sunlit guest bedrooms, one of which offers a view of the pond. Spend the weekends grilling on your screened lanai while the little ones play in the big backyard with (new in 2020) white vinyl fencing, or walk across the street to the community pool and playground. Nestled between Lee Vista and Waterford Lakes, this four-bedroom home boasts an awesome location with tons of things to do nearby. You’ll also be close to Orlando International Airport, downtown Orlando, UCF, Andover Elementary School, 528, 417, and 408. To see this captivating waterfront home for sale, view the 3D virtual tour and call today to schedule a private showing.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Andover Cay

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Andover Cay

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9552089

* 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
 

$270,000$330,000$300,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,042
Property Tax -$341
Property Insurance -$145
HOA -$45
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.

$300,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.0%
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-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,250

INVESTMENT

$85,250

Down Payment
$75,000
Rehab Estimate
$5,750
Closing Costs
$4,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,042

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,000
Loan Amount $225,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,032

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,621

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,6503$1,6754$1,7955$1,899
$1,899
RENT COMPS ANALYSIS
  • 4110 Andover Cay Blvd Orlando, FL 2
    • 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,826 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.90
    •  
  • 10947 Lanesboro Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,697 Sqft ∙ Built 1992
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.82
    •  
  • 2515 Cypress Trace Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 2000
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.86
    •  
  • 2926 Daybreak Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 1,971 Sqft ∙ Built 2001 4 beds 3 baths ∙ 1,971 Sqft ∙ Built 2001
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 4339 Andover Cay Blvd Orlando, FL 5
    • 4 beds 2 baths ∙ 1,973 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,973 Sqft ∙ Built 2001
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jacquie Sosa
1.407.340.9793
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918686
Last Updated: 01/23/2021
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