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9049 Leeland Archer Blvd Orlando, FL 32836

4 Beds 2 Baths 2,432 sqft Built 2009

$350,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $143.91
  • 7 Days on Market
  • MLS # : O5905586
  • Updated Date : 11/30/2020 at 17:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,432 sqft
  • Baths : 2 full
Listing Agent

Pineloch Investment, Inc

Listing Agent's Description

Beautiful single family home located in the Newbury Park Community. Newbury Park is minutes from downtown Windermere and close to Disney World, other major theme parks, malls and nearby golf courses. There is a community pool, park and playground. Home features an eat in kitchen with breakfast bar and open to the large family room. There is also a separate living room and dining room, The master suite has large walk in closet and master bath has dual sinks, garden tub and separate shower. There are three additional bedrooms, another full bath and inside utility.

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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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,291
Property Tax -$407
Property Insurance -$181
HOA -$86
Property Management Fees -$129
CASH FLOW
$85

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.

$350,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.62%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$32,326

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,316

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1803$2,3704$2,4005$2,650
$2,650
RENT COMPS ANALYSIS
  • 9049 Leeland Archer Blvd Orlando, FL 2
    • 4 beds 2 baths ∙ 2,432 Sqft ∙ Built 2009 4 beds 2 baths ∙ 2,432 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.90
    •  
  • 9103 Leeland Archer Blvd Orlando, FL 1
    • 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,432 Sqft ∙ Built 2009
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.84
    •  
  • 8838 Leeland Archer Blvd Orlando, FL 3
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.98
    •  
  • 8347 Lookout Pointe Dr Windermere, FL 4
    • 4 beds 4 baths ∙ 2,616 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,616 Sqft ∙ Built 2016
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.92
    •  
  • 8242 Bryce Canyon Ave Windermere, FL 5
    • 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 2017
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.07
    •  
PROPERTY LISTING DETAILS
Bertrand Bouchenot
1.407.850.9707
Pineloch Investment, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905586
Last Updated: 11/30/2020
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