Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1008 Fountain Coin Loop Orlando, FL 32828

4 Beds 3 Baths 2,877 sqft Built 2014

INVESTimate

$410,000

List Price

$2,290

$2,061 - $2,519

Rent Est.

$434,928  ( +6.08%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 2014
  • Price/Sqft : $142.51
  • 2 Days on Market
  • MLS # : O5887286
  • Updated Date : 08/25/2020 at 10:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,877 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Wilkins Way Llc

Listing Agent's Description

Stunning 4 bedroom 2.5 bathrooms + Office/Den + Loft waterfront home with 2,850+ square feet of space built in 2014 in The Reserve at Golden Isle. The kitchen features an extended oversized granite island, 42” white cabinets with crown, stainless steel appliances, wall mounted double oven, decorative tile backsplash, with a large walk in pantry! The kitchen opens to the living room and separate nook area with water views. The master bedroom is downstairs, extended with water views, with a tray ceiling. The master bathroom has a dual vanity with granite countertops, garden tub, and a walk in glass shower enclosure. Also downstairs is an office/den space with double French doors, a half bathroom, and the laundry room. Walking up the stairs with upgraded metal railings leads to a large loft space with 3 additional bedrooms and 1 full bathroom. Glass sliders lead onto the covered back patio with paver flooring that extends beyond the covered patio space into the backyard. The backyard is fully metal fenced in. Make an appointment to see this home today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Alafaya

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k346k

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

Neighborhood: Alafaya

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292089

* 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
Camelot Elementary School Primary Regular 615 40 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Camelot Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 40
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
 

$369,000$451,000$410,000

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,513
Property Tax -$478
Property Insurance -$208
HOA -$61
Property Management Fees -$206
CASH FLOW
-$177

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.

$410,000

PROJECTED PRICE

$2,290

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.08%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,400

INVESTMENT

$114,400

Down Payment
$102,500
Rehab Estimate
$5,750
Closing Costs
$6,150

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,513

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,500
Loan Amount $307,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,959

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,028

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9503$2,0154$2,2905$2,300
$2,300
RENT COMPS ANALYSIS
  • 1008 Fountain Coin Loop Orlando, 4
    • 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.80
    •  
  • 15226 Galbi Dr Orlando, 1
    • 3 beds 3 baths ∙ 2,690 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,690 Sqft ∙ Built 2006
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.67
    •  
  • 15437 Galbi Dr Orlando, 2
    • 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 2006
    LEASED 01/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.65
    •  
  • 1356 Maumee St Orlando, 3
    • 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,015
    • $0.74
    •  
  • 15238 Galbi Dr Orlando, 5
    • 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2006
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
PROPERTY LISTING DETAILS
William Wygle
1.407.375.9005
The Wilkins Way Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5887286
Last Updated: 08/25/2020
BESbswy