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7180 Ironwood Dr Orlando, FL 32818

4 Beds 2 Baths 1,718 sqft Built 1991

$282,500

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $164.44
  • 3 Days on Market
  • MLS # : O5925940
  • Updated Date : 02/26/2021 at 13:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,718 sqft
  • Baths : 2 full
Listing Agent

Realty Center

Listing Agent's Description

LOTS OF UPGRADES IN THIS 4/2 HOME. NO HOMEOWNERS ASSOCIATION!!! NEW ROOF 2020. NEW WATER HEATER. GRANITE COUNTER TOPS. STAINLESS STEEL APPLIANCES. THIS HOME IS CLOSE TO MAJOR ROADWAYS 408, 429, TURNPIKE, I4 AS WELL AS CLOSE TO SHOPPING AND DINING LOCATIONS. GREAT AND SPACIOUS FLOOR PLAN. LARGE SCREEN PORCH, CERAMIC TILED FLOORS. LARGE BAY WINDOW/FORMAL LIVING ROOM AND DINING ROOM. SPLIT PLAN. VAULTED CEILING. BREAKFAST/SNACKBAR. LARGE BACKYARD WITH MATURE FRUIT TREES. MAKE THIS BEAUTIFUL HOUSE YOUR HOME TODAY

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Walnut Creek

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Walnut Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951712

* 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
West Oaks Elementary School Primary Regular 640 40 4
Robinswood Middle School Middle Magnet 1,232 71 2
Ocoee High School High Regular 2,243 106 4

West Oaks Elementary School

  • Education Level: Primary
  • # of students: 640
  • # of teachers: 40
4
GreatSchools Rating

Robinswood Middle School

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

Ocoee High School

  • Education Level: High
  • # of students: 2,243
  • # of teachers: 106
4
GreatSchools Rating
 

$254,250$310,750$282,500

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$981
Property Tax -$321
Property Insurance -$139
Property Management Fees -$129
CASH FLOW
-$80

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.

$282,500

PROJECTED PRICE

$1,490

PROJECTED RENT

0.53%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$80,613

INVESTMENT

$80,613

Down Payment
$70,625
Rehab Estimate
$5,750
Closing Costs
$4,238

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$981

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,625
Loan Amount $211,875
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$8,432

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,452

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,367
1$1,3672$1,3953$1,4504$1,4505$1,490
$1,490
RENT COMPS ANALYSIS
  • 7180 Ironwood Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.87
    •  
  • 1730 Hinckley Rd Orlando, FL 1
    • 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
    •  
  • 8061 Windy Hill Way Orlando, FL 2
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1987
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.86
    •  
  • 1854 Sepalwood Ct Orlando, FL 3
    • 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,777 Sqft ∙ Built 1973
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
  • 1713 Tillstream Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1996
    LEASED 01/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
PROPERTY LISTING DETAILS
Marilyne Ross
1.321.230.6973
Realty Center
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5925940
Last Updated: 02/26/2021
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