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8607 Villa Nova St Orlando, FL 32817

4 Beds 2 Baths 1,768 sqft Built 1980

$320,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $181.00
  • 4 Days on Market
  • MLS # : O5920054
  • Updated Date : 01/30/2021 at 17:35
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,768 sqft
  • Baths : 2 full
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

This split-plan, 4 bedroom, 2 bath Pool Home is ready for new owners! Upon entering through the tiled entry you are welcomed to a spacious Family Room with slider access to the Screened Pool and Patio. All living spaces feature tile or laminate floors. The bright family room is open to the updated kitchen and dining space. The open kitchen features newer Kraftmaid self-closing cabinets, recessed lighting and granite counters and is perfect for entertaining. The beautiful pool area offers plenty of space for entertaining guests or family, is fully screened and even has a built in bar area. Off the family room is a large Master Bedroom with en-suite bath and walk-in closet complete with built-ins. The opposite side of the home features 3 additional bedrooms and 1 full bath, one of the bedrooms even features another slider to the pool. Finishing off this home is an oversized 2 car garage with Laundry and enough room for workshop space. This home also comes with brand new windows! The location is perfect, located off 417 you have direct access to Metro Orlando within minutes. Close to Downtown, UCF and OIA and plenty of shopping and dining. Schedule your showing today!

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: Harbor East

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k281k

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

Neighborhood: Harbor East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7601714

* 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
Cheney Elementary School Primary Regular 509 33 8
Glenridge Middle School Middle Regular 1,415 77 6
Winter Park High School High Magnet 3,069 164 7

Cheney Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 33
8
GreatSchools Rating

Glenridge Middle School

  • Education Level: Middle
  • # of students: 1,415
  • # of teachers: 77
6
GreatSchools Rating

Winter Park High School

  • Education Level: High
  • # of students: 3,069
  • # of teachers: 164
7
GreatSchools Rating
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,111
Property Tax -$364
Property Insurance -$142
Property Management Fees -$129
CASH FLOW
$34

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.

$320,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.1%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$19,223

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,781

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6653$1,7804$1,9655$2,000
$2,000
RENT COMPS ANALYSIS
  • 8607 Villa Nova St Orlando, FL 3
    • 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,768 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $1.01
    •  
  • 2815 Tech Dr Orlando, FL 1
    • 4 beds 2 baths ∙ 1,758 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,758 Sqft ∙ Built 1966
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 3724 Pickwick Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1993
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,665
    • $1.02
    •  
  • 8635 Port Said St Orlando, FL 4
    • 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1978
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,965
    • $1.06
    •  
  • 3717 Pickwick Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1993
    LEASED 08/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.04
    •  
PROPERTY LISTING DETAILS
Jimmy Hendrickson
1.321.302.2618
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5920054
Last Updated: 01/30/2021
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