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6113 Ardenwood Ct Orlando, FL 32808

3 Beds 2 Baths 1,305 sqft Built 1966

$184,900

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

February 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $141.69
  • 5 Days on Market
  • MLS # : O5919047
  • Updated Date : 02/06/2021 at 16:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,305 sqft
  • Baths : 2 full
Listing Agent

Re/max 200 Realty

Listing Agent's Description

Located on a quiet cul-de-sac, this wonderful Orlando home would be IDEAL as a primary residence or as an investment property! Upon entering you’re welcomed by a spacious living room with two large windows that supply an ample amount of natural sunlight. A set of sliding glass doors off this space opens onto a large patio area, the PERFECT spot for your grill and some outdoor furniture! Keep the sliders open during cooler weather and let the outside, this affords for easy entertaining as the fun can spill to an outside living area. The kitchen is located just off the living room, showcasing a modern dray ceiling that houses and providing the chef in the family plenty of space to whip up their favorite dishes. A dining room is adjacent to the kitchen, making everything from daily dinner to entertaining just a bit easier! Another set of sliding glass doors can be found off the dining room; leave those open and enjoy eating al fresco! Your master bedroom is spacious and features a en suite bath that includes a walk-in shower. You’ll also enjoy two additional bedrooms and a full second bath that includes a tub/shower combination. The large, fenced backyard offers up plenty of space for you to get out and enjoy the beautiful Florida weather! There’s enough yard to plant a garden or some fruit trees, perhaps add a fire pit, the possibilities are endless! This home features neutral paint colors and beautiful TERRAZZO flooring throughout, making it easy to add your own personal touch to it once you move in. No HOA to worry about! A convenient location with great proximity to both the 408 and West Oaks Mall. Whether you’re seeking out a new place to call home or you’re an investor looking for a property to add to your portfolio, this home checks off all the boxes!

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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: Robinswood Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $64k253k

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

Neighborhood: Robinswood Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8611712

* 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
Hiawassee Elementary School Primary Regular 782 50 2
Robinswood Middle School Middle Magnet 1,232 71 2
Evans High School High Magnet 2,355 117 3

Hiawassee Elementary School

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 50
2
GreatSchools Rating

Robinswood Middle School

  • Education Level: Middle
  • # of students: 1,232
  • # of teachers: 71
2
GreatSchools Rating

Evans High School

  • Education Level: High
  • # of students: 2,355
  • # of teachers: 117
3
GreatSchools Rating
 

$166,410$203,390$184,900

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$642
Property Tax -$210
Property Insurance -$114
Property Management Fees -$129
CASH FLOW
$195

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.

$184,900

PROJECTED PRICE

$1,290

PROJECTED RENT

0.70%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 10.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,749

INVESTMENT

$54,749

Down Payment
$46,225
Rehab Estimate
$5,750
Closing Costs
$2,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$642

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,225
Loan Amount $138,675
See What Happens When You Reinvest Cash Flow

10.17

YEARS SAVED

$26,935

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,028

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$875
1$8752$9503$1,1994$1,2905$1,395
$1,395
RENT COMPS ANALYSIS
  • 6113 Ardenwood Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1966
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.99
    •  
  • 2217 Owasso Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1960
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $875
    • $0.70
    •  
  • 6219 N Hudson St Orlando, FL 2
    • 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,304 Sqft ∙ Built 1958
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.73
    •  
  • 5824 Harrington Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1959
    property image
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.88
    •  
  • 1716 Lake Lorine Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1969
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
PROPERTY LISTING DETAILS
Abby Nelson
1.407.571.1445
Re/max 200 Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5919047
Last Updated: 02/06/2021
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