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8832 Leeland Archer Blvd Orlando, FL 32836

3 Beds 2 Baths 2,085 sqft Built 2006

$370,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $177.46
  • 4 Days on Market
  • MLS # : O5921012
  • Updated Date : 02/12/2021 at 09:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,085 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Classic

Listing Agent's Description

Immaculate, updated and move-in ready, there's lots to love about this 3BR home in desirable Newbury Park. In the past three years, over $22K has been invested in quality updates, including: 24" porcelain tile throughout, new baseboards, fresh interior/exterior paint, new blinds, stunning secondary bath remodel, and kitchen reverse osmosis system. You'll be impressed from the moment you arrive - meticulously manicured lawn with attractive landscaping and quaint front porch. Home layout features common living area in the back of the home, and split bedroom plan in the center/front of the home. In the open kitchen and living room space, you have a wall of windows that bathes the space in light, and makes this a great gathering space. Kitchen boasts breakfast bar, closet pantry, plenty of counter/cabinet space and eat in nook with direct access to back porch/patio. If you need to seat a crowd, you'll love the formal dining space adjacent to the kitchen. Also in the back of the home is a bonus room - ideal to set up an office or add a futon for a guest bedroom. Master suite features a spacious bedroom with ensuite bath and walk-in closet. Bedroom also includes a mini split A/C unit which can provide the comfort of extra air/heat to suit your preferences. Master bath has an oversized dual sink vanity and shower w/attractive tilework. Remaining bedrooms and secondary bath are near the front entry, and here's where you'll find more WOW factor. You'll love the luxurious bath remodel featuring a frameless door shower, exceptional tilework design, and vanity topped with vessel sink and ribbon waterfall faucet. You will love all that you have out back. There's both a covered porch and open paver patio, and partially fenced yard with the perfect amount of privacy, and from here you can get a partial view of the Disney fireworks. There are 11 varieties of tropical fruit trees dotting the yard yielding their goodness with very low maintenance. Newbury Park has a community pool just around the corner, and there's a playground for the younger set just down the street. You are also a short drive to essential shopping and dining and very good schools. This home shines, both inside and out. Come see all that it has to offer.

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: Newbury Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k354k

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

Neighborhood: Newbury Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292228

* 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
Castleview Elementary Primary Unknown NA
Bridgewater Middle School Middle Regular 1,373 72 6
Windermere High School High Regular NA

Castleview Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Bridgewater Middle School

  • Education Level: Middle
  • # of students: 1,373
  • # of teachers: 72
6
GreatSchools Rating

Windermere High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

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

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,285
Property Tax -$413
Property Insurance -$161
HOA -$86
Property Management Fees -$129
CASH FLOW
$36

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

$2,110

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 2.8%
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$0.0$5.0k$10k$15k

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$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 50% 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

5.67

YEARS SAVED

$23,915

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,158

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9953$2,0994$2,1105$2,200
$2,200
RENT COMPS ANALYSIS
  • 8832 Leeland Archer Blvd Orlando, FL 4
    • 3 beds 2 baths ∙ 2,085 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,085 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.01
    •  
  • 10710 Reams Rd Windermere, FL 1
    • 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 2014
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 10702 Reams Rd Windermere, FL 2
    • 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,029 Sqft ∙ Built 2013
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.98
    •  
  • 11838 Silverlake Park Dr Windermere, FL 3
    • 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2014 3 beds 3 baths ∙ 1,908 Sqft ∙ Built 2014
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $1.10
    •  
  • 11873 Verrazano Dr. Orlando, FL 5
    • 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 2011 4 beds 2 baths ∙ 1,985 Sqft ∙ Built 2011
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.11
    •  
PROPERTY LISTING DETAILS
Christopher Bessette
1.407.564.8865
Keller Williams Classic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921012
Last Updated: 02/12/2021
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