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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $180.42
- 103 Days on Market
- MLS # : O5933608
- Updated Date : 07/12/2021 at 22:18
CONSTRUCTION
- Beds : 4
- Floor Size : 2,217 sqft
- Baths : 2 full
Listing Agent
Offerpad Brokerage
Listing Agent's Description
Back on Market, fell through because finances! Immaculate and meticulous home! Upon entering the home you will find a complete open floor plan, formal living room, and dining room. Upgrades include all wood floors throughout except 3 bedrooms and tile in the wet area, solid wood kitchen cabinets, stainless steel appliances. Your island bar with optional seating overlooks the family room/dining. The open space is ideal for a big family. The amount of natural light pouring from all sides of the house is amazing, perfect for those who prefer a natural atmosphere. In the rest of the house, you will find the owner's suite and three additional bedrooms. The owner’s suite, located towards one side of the house, master has plenty of space with a shower, garden tub, dual vanity sink, solid wood cabinets, and tile floor, also features a large his and hers walk-in closet as well. Next, you will find the remaining three bedrooms and a second bath. Finally the backyard, a nice patio space around the back of the home with a fenced backyard giving you a deeper sense of Privacy. All these amazing features and its proximity to lots of shopping and restaurants, school, churches. This is a perfect location for you and your family to call home! The Solar is NEW 2019, New A/C 2018, New Roof in Jan 2019.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Reserve
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Reserve
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$505 | |
| Property Insurance | -$169 | |
| HOA | -$43 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$316
|
||
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.
$400,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 7.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,750
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $100,000 |
| Loan Amount | $300,000 |
1.33
YEARS SAVED
$2,464
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,907
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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1948 Lochshyre Loop Ocoee, FL 1
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LEASED 12/08/20- Rent
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1071 Royal Marquis Cir Ocoee, FL 3
- 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2003
LEASED 01/08/20- Rent
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- $1,850
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1816 Sparkling Water Cir Ocoee, FL 5
- 4 beds 2 baths ∙ 2,379 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,379 Sqft ∙ Built 1995
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,150
- $0.90
PROPERTY LISTING DETAILS
1.407.247.8196
Offerpad Brokerage
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5933608
Last Updated: 07/12/2021
