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8125 N Ibiza Ct Orlando, FL 32836

3 Beds 2 Baths 1,823 sqft Built 1986

$370,000

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $202.96
  • 4 Days on Market
  • MLS # : O5926058
  • Updated Date : 02/26/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,823 sqft
  • Baths : 2 full
Listing Agent

Ljl Real Estate, Inc.

Listing Agent's Description

Well priced Home in the Heart of Dr. Phillips. This Wonderful Home is ready for your custom touch and updating but is Priced Accordingly. Perfect Home. Great Location within walking distance to “Restaurant Row” and everything that makes DR. Phillips the place to be. Convenient access to the Attractions and Downtown just adds to the appeal. The Community features a Private Boat Ramp to sought after Sand Lake Chain-of-Lakes and Lighted Tennis Courts and Maintenance Free Lawn and Irrigation Covered by HOA. Additional location benefits include Close Proximity to YMCA, all Theme Parks, Bay Hill Golf Club along with Easy Access to Downtown Orlando, Airport and I4.

SEE MORE

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: Granada Villas

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $105k363k

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

Neighborhood: Granada Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292210

* 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
Bay Meadows Elementary School Primary Regular 578 37 6
Southwest Middle School Middle Regular 1,244 71 5
Dr. Phillips High School High Magnet 3,491 174 6

Bay Meadows Elementary School

  • Education Level: Primary
  • # of students: 578
  • # of teachers: 37
6
GreatSchools Rating

Southwest Middle School

  • Education Level: Middle
  • # of students: 1,244
  • # of teachers: 71
5
GreatSchools Rating

Dr. Phillips High School

  • Education Level: High
  • # of students: 3,491
  • # of teachers: 174
6
GreatSchools Rating
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,285
Property Tax -$413
Property Insurance -$145
HOA -$165
Property Management Fees -$129
CASH FLOW
-$77

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.

$370,000

PROJECTED PRICE

$2,060

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.8%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,285

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$14,293

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $2,183

    COMP ESTIMATED VALUE
  • $1.2

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$2,0603$2,2954$2,3005$2,475
$2,475
RENT COMPS ANALYSIS
  • 8125 N Ibiza Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,823 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $1.13
    •  
  • 8011 Chianti Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1980
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.07
    •  
  • 8007 Jozee Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1980
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $1.18
    •  
  • 8123 Marcella Dr Orlando, FL 4
    • 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1986
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.27
    •  
  • 8100 S Ibiza Ct Orlando, FL 5
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1986
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.27
    •  
PROPERTY LISTING DETAILS
Robert Lynch
1.407.355.7889
Ljl Real Estate, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5926058
Last Updated: 02/26/2021
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