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6944 Edgeworth Dr Orlando, FL 32819

4 Beds 2 Baths 2,274 sqft Built 1986

$450,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $197.89
  • 2 Days on Market
  • MLS # : O5915727
  • Updated Date : 01/09/2021 at 11:34
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,274 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

MUST SEE RANCH STYLE HOME w/ GOLF VIEWS from the front and back! LARGE LOT with over $35k in UPGRADES! Your new buyers will love this One Story, 2274sf., with 4 bedrooms and 2 baths. (4th room can be made into a bedroom with added closet). NEW A/C, NEW Hot Water Heater, NEW Luxury Vinyl Plank flooring and NEWER Guest Bathroom Remodel. This Premium lot is a RARE FIND in the Gated community of Orange Tree - featuring a resort-style pool with lake views and fitness center. Priced right and move in ready - this home features a light and bright floor plan with sliding glass doors in most every room. The popular floor design also includes beautiful views of the 4th hole on Orange Tree Golf Course. The well-equipped kitchen w/ great storage space and breakfast bar/island is adjacent to the kitchen nook and sun/bonus room. Perfect for entertaining family and friends. The Dining room features vaulted ceilings and is adjacent to the large Family Room. The MASTER SUITE is generous in size with a large walk-in closet. There are 3 more guest bedrooms which share a completely Remodeled Guest Bath. Buyers will appreciate the $10k in luxurious designer upgrades which includes the over-sized shower. Enjoy a BBQ and golf views from the spacious, screened lanai. The 3 car garage provides the extra storage space every homeowner hopes for. This home is a terrific find in our fast moving market. The Orange Tree golf clubhouse was recently remodeled and limited memberships are still available. The community also has multiple recreational facilities, waterfront swimming pool and recreation center, tennis, basketball, volleyball, and fitness center. Dr. Phillips is best known for it’s local shopping, proximity to the airport and the famous Restaurant Row. There is also easy access to major roadways, yet privacy for personal enjoyment. Welcome home...

SEE MORE

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: Orange Tree

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $105k470k

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

Neighborhood: Orange Tree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10292637

* 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
Dr. Phillips Elementary School Primary Regular 641 43 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Dr. Phillips Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 43
9
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
 

$405,000$495,000$450,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,563
Property Tax -$502
Property Insurance -$172
HOA -$154
Property Management Fees -$129
CASH FLOW
-$390

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.

$450,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.6%
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$1.2M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,627

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,149

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$2,1303$2,1504$2,2005$2,595
$2,595
RENT COMPS ANALYSIS
  • 6944 Edgeworth Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.94
    •  
  • 7249 Woodville Cres Orlando, FL 1
    • 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 1986
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.80
    •  
  • 7218 Green Pine Ct Orlando, FL 3
    • 5 beds 3 baths ∙ 2,280 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,280 Sqft ∙ Built 1987
    LEASED 07/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.94
    •  
  • 7237 Woodville Crescent Orlando, FL 4
    • 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 1987
    LEASED 10/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
  • 7242 Woodville Cres Orlando, FL 5
    • 4 beds 2 baths ∙ 2,474 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,474 Sqft ∙ Built 1986
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $1.05
    •  
PROPERTY LISTING DETAILS
Sheri Sampson
1.407.492.8800
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915727
Last Updated: 01/09/2021
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