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457 Bluejay Way Orlando, FL 32828

4 Beds 2 Baths 1,901 sqft Built 1994

$299,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $157.29
  • 4 Days on Market
  • MLS # : O5906608
  • Updated Date : 11/20/2020 at 14:53
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,901 sqft
  • Baths : 2 full
Listing Agent

Realty World Preferred

Listing Agent's Description

Eastwood-4/2 with 2 Car Garage & Fenced Backyard in Waterford Lakes Area! Nestled on a quiet cul-de-sac in the Sydney Cove at Eastwood community just off Woodbury Rd is this spacious 1,915 sq.ft home. With the split plan you have four bedrooms, two bathrooms, and attached two car garage. Super floor plan providing optional functions with a living room/dining room combination, large kitchen with a kitchen nook just next to it and a huge 18x13 family room. Blend of carpet, tile, and laminate flooring. The big master suite includes a walk-in closet, vaulted ceilings, double sink vanity, garden tub, and glass enclosed shower. Sliding glass door off the family room opens onto a covered patio complete with ceiling fan within the fully-fenced backyard. Covered entry, vaulted ceilings, architectural details, and decorative accents are just some additional features of this beautiful Waterford Lakes home. The Eastwood community offers a pool, tennis courts, and basic cable.

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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: Sydney Cove at Eastwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Sydney Cove at Eastwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10272089

* 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
Timber Creek High School High Regular 3,132 161 8

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

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$269,100$328,900$299,000

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 -$1,103
Property Tax -$340
Property Insurance -$150
HOA -$122
Property Management Fees -$158
CASH FLOW
-$122

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.

$299,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.1%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,103

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,196

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
  • $0.92

    LIST RENT PER SQFT
  • $1,820

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,696
1$1,6962$1,7503$1,8504$1,8505$1,895
$1,895
RENT COMPS ANALYSIS
  • 457 Bluejay Way Orlando, FL 2
    • 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,901 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 107 Razorbill Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1995
    property image
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,696
    • $0.97
    •  
  • 13409 Fordwell Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1993
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.90
    •  
  • 521 Lexingdale Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,834 Sqft ∙ Built 1995
    property image
    LEASED 11/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.01
    •  
  • 233 Lexingdale Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 1993
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
PROPERTY LISTING DETAILS
Mark Volchko
1.407.389.2922
Realty World Preferred
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5906608
Last Updated: 11/20/2020
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