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6904 Ambassador Dr Orlando, FL 32818

3 Beds 2 Baths 1,243 sqft Built 1980

$228,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $183.43
  • 17 Days on Market
  • MLS # : O5917194
  • Updated Date : 01/24/2021 at 13:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,243 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

Check out this lovely home and it's many features. It's a very well maintained home that has nice curb appeal and is in move in ready condition. It boasts three nice sized bedrooms, all of which have tile flooring and ceiling fans. It has an open floor plan with a living room and dining room combination. The kitchen has newer appliances and is perfect for preparing a family meal. There is also nice porcelain tile throughout the entirety of the home. There is an additional kitchen and pantry area next to the garage as well as a nice sized storage area that can be used to store tools, lawn equipment or any other items you chose. In the rear of the home you will find an abundance of plants, vegetables and fruit trees to spice up your kitchen and cupboards. This elaborate garden features include four mango trees, two Guyana cherry trees, one guava tree, two lemon trees, two orange trees, ten papaya trees, one sour sop tree, one mariwari hot pepper tree, one bird pepper tree, pigeon pees, a Guyana dunk fruit tree, a moringa plant, celery, twenty cabbage plants, as well as five banana trees, an apple banana tree and a variety of beautiful flowers and plants in the rear and in the front of the home. Seller is also very motivated. Make an appointment to see this one.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Hiawassa Highlands

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $61k253k

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

Neighborhood: Hiawassa Highlands

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8591712

* 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
Cornerstone Charter Academy High School High Charter 372 21 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

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$205,200$250,800$228,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$792
Property Tax -$267
Property Insurance -$110
Property Management Fees -$129
CASH FLOW
-$28

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.

$228,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 11.3%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,170

INVESTMENT

$66,170

Down Payment
$57,000
Rehab Estimate
$5,750
Closing Costs
$3,420

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$792

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,000
Loan Amount $171,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$9,267

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $988

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$875
1$8752$9503$1,1994$1,2705$1,367
$1,367
RENT COMPS ANALYSIS
  • 6904 Ambassador Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,243 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,243 Sqft ∙ Built 1958
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $1.02
    •  
  • 2217 Owasso Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1960
    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
    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
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,199
    • $0.88
    •  
  • 1730 Hinckley Rd Orlando, FL 5
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1972
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,367
    • $0.87
    •  
PROPERTY LISTING DETAILS
Trevor Thomas
1.321.217.7632
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5917194
Last Updated: 01/24/2021
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