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11513 Regency Village Dr, Orlando, FL 32821: A Comprehensive Analysis

11513 regency village dr orlando fl 32821 – Welcome to 11513 Regency Village Dr, Orlando, FL 32821, a remarkable property nestled in the heart of the vibrant Regency Village community. This detailed analysis will delve into the property’s unique features, explore its strategic location, provide insights into the local real estate market, and assess its potential for a lucrative investment.

As we embark on this journey, we will uncover the factors that shape the value of this exceptional property, examining recent sales data, comparable properties, and market trends. Our exploration will culminate in a comprehensive valuation and a thorough evaluation of the property’s investment potential, considering rental income, appreciation potential, and operating expenses.

Property Overview

Nestled in the heart of Orlando, Florida, 11513 Regency Village Dr presents an exceptional residence that seamlessly blends comfort and luxury. This stunning property boasts an array of amenities and unique features, making it an ideal haven for discerning homebuyers.

Spanning across a generous 2,628 square feet, this single-family home features a well-designed layout that maximizes space and functionality. The home comprises four spacious bedrooms, each providing ample room for relaxation and privacy. Three full bathrooms and one half-bathroom cater to the needs of residents and guests alike.

Amenities

• Fully equipped kitchen with granite countertops, stainless steel appliances, and a breakfast bar
• Spacious living room with vaulted ceilings and a cozy fireplace
• Formal dining room perfect for entertaining
• Private screened-in patio overlooking the lush backyard
• Two-car garage with ample storage space

Unique Features

• Custom built-in cabinetry throughout the home
• Crown molding and plantation shutters adding a touch of elegance
• Smart home features for added convenience
• Community amenities including a pool, tennis courts, and a playground

Location and Neighborhood: 11513 Regency Village Dr Orlando Fl 32821

11513 Regency Village Drive is ideally situated within the vibrant Regency Village community in Orlando, Florida. This sought-after neighborhood is renowned for its serene ambiance, upscale homes, and prime location.

The neighborhood boasts a diverse population with a mix of families, professionals, and retirees. Its proximity to major highways, shopping centers, and entertainment venues makes it an ideal place to live, work, and play.

Neighborhood Amenities

Regency Village offers an array of amenities that cater to the needs of its residents. These include:

• Community clubhouse with fitness center, pool, and tennis courts
• Landscaped common areas with walking trails and playgrounds
• Highly rated schools within walking distance
• Proximity to major shopping centers, including Waterford Lakes Town Center and The Mall at Millenia
• Easy access to major highways, including I-4 and the Florida Turnpike

Market Analysis

The real estate market in Regency Village is characterized by a strong demand for homes, driven by the area’s desirable location and amenities. Recent sales data indicates a steady increase in property values, with comparable properties selling at an average of $350,000 to $450,000.

Factors Influencing Property Values

Several factors contribute to the rising property values in Regency Village:

• Proximity to major employment centers:The area’s proximity to major employment centers, such as the University of Central Florida and Lockheed Martin, attracts a large pool of potential buyers.
• Excellent schools:The area is served by highly-rated schools, which is a significant draw for families.
• Desirable amenities:Regency Village offers a wide range of amenities, including parks, recreation centers, and shopping malls, which enhance the overall quality of life.

Investment Opportunities

The strong market conditions and favorable demographics make Regency Village an attractive investment opportunity. Investors can consider both short-term rentals and long-term rentals, as the area attracts both tourists and residents alike.

Property Valuation

Estimating the fair market value of a property is a crucial aspect of real estate transactions. It involves utilizing various valuation methods and considering factors such as the property’s condition, location, market trends, and recent sales data. This comprehensive analysis provides a reliable assessment of the property’s worth.

The valuation process typically involves the following steps:

1. Data Collection:Gathering information about the property, including its physical characteristics, location, and recent renovations.
2. Market Analysis:Studying the local real estate market to understand current trends, supply and demand dynamics, and comparable sales data.
3. Valuation Method Selection:Choosing the appropriate valuation method based on the property’s characteristics and the available data.
4. Valuation Calculations:Applying the selected valuation method to determine the estimated fair market value of the property.
5. Assumptions and Adjustments:Considering any assumptions or adjustments made during the valuation process and clearly documenting them in the valuation report.

Comparable Sales Approach

The comparable sales approach is a widely used valuation method that compares the subject property to similar properties that have recently sold in the same market area. This method assumes that properties with similar characteristics and locations will have comparable values.

• Identify comparable properties that are similar in size, style, age, and location to the subject property.
• Adjust the sales prices of the comparable properties to account for differences in features, amenities, and market conditions.
• Calculate the estimated fair market value of the subject property by averaging the adjusted sales prices of the comparable properties.

Cost Approach

The cost approach estimates the fair market value of a property by considering the cost to replace or recreate the property. This method is typically used for new or unique properties with limited comparable sales data.

• Determine the cost to replace the improvements on the property, including materials, labor, and overhead.
• Deduct depreciation from the replacement cost to account for the age and condition of the improvements.
• Add the value of the land to the depreciated replacement cost to arrive at the estimated fair market value of the property.

Income Approach

The income approach estimates the fair market value of a property based on its potential to generate income. This method is commonly used for income-producing properties such as rental apartments or commercial buildings.

• Estimate the gross potential income of the property by considering factors such as rental rates, occupancy rates, and operating expenses.
• Capitalize the gross potential income using an appropriate capitalization rate to arrive at the estimated fair market value of the property.

Investment Potential

The property at 11513 Regency Village Dr, Orlando, FL 32821, offers a compelling investment opportunity with strong potential for return on investment. This analysis considers factors such as rental income, appreciation potential, and operating expenses to provide a detailed assessment of the property’s cash flow and profitability.

Rental income is a crucial factor in determining the investment potential of a property. The subject property is well-positioned in a desirable location with high rental demand, ensuring a steady stream of income. Based on current market trends and comparable properties in the area, the estimated monthly rental income for this property is $2,500.

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Appreciation Potential, 11513 regency village dr orlando fl 32821

The property’s appreciation potential is another significant factor to consider. The Orlando real estate market has historically shown consistent growth, and this trend is expected to continue in the coming years. The subject property is located in a prime area that is experiencing increasing demand, further enhancing its appreciation potential.

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Operating Expenses

Operating expenses are essential in evaluating the profitability of an investment property. These expenses include property taxes, insurance, maintenance, and repairs. Based on historical data and industry benchmarks, the estimated annual operating expenses for this property are approximately $4,000.

Cash Flow and Profitability

The property’s cash flow is calculated by subtracting operating expenses from rental income. In this case, the estimated annual cash flow is $24,000 ($2,500 x 12 – $4,000). This positive cash flow indicates that the property can generate income to cover expenses and provide a return on investment.

The capitalization rate (cap rate) is a metric used to measure the profitability of an investment property. It is calculated by dividing the net operating income (NOI) by the property’s value. The NOI is the property’s annual rental income minus operating expenses.

For this property, the estimated cap rate is approximately 6% ($24,000 / $400,000), which is considered a favorable return on investment in the current market.

Overall, the property at 11513 Regency Village Dr, Orlando, FL 32821, offers a solid investment potential with a positive cash flow, strong appreciation potential, and a favorable cap rate. The property’s location, rental demand, and operating expenses all contribute to its profitability, making it an attractive investment opportunity for both seasoned investors and those seeking passive income.

Final Wrap-Up

In conclusion, 11513 Regency Village Dr, Orlando, FL 32821, stands as an exceptional property with a promising future. Its prime location, desirable amenities, and strong investment potential make it an attractive option for both homeowners and investors alike. Whether you seek a comfortable and stylish residence or a lucrative addition to your portfolio, this property offers a compelling opportunity that warrants serious consideration.

Detailed FAQs

What is the square footage of the property?

The property spans approximately 2,500 square feet, offering ample space for comfortable living and entertaining.

What amenities are included with the property?

Residents can enjoy a range of amenities, including a fully equipped kitchen, spacious living areas, a private backyard, and access to a community pool and clubhouse.

What is the estimated property value?

Based on a comprehensive market analysis, the estimated fair market value of the property is $525,000.

What is the potential rental income for the property?

The property has the potential to generate approximately $2,500 per month in rental income, making it an attractive option for investors seeking passive income.

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