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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $186.43
- 4 Days on Market
- MLS # : O5923041
- Updated Date : 02/11/2021 at 22:36
CONSTRUCTION
- Beds : 4
- Floor Size : 2,145 sqft
- Baths : 3 full
Listing Agent
Voss Realty Inc
Listing Agent's Description
WALK ON IN AND CALL IT HOME! This beautiful 4 bed, 3 full bath with an AMAZING WATER VIEW is ready for its next owner! Only 4 years new, this house is located in the Oaks at Moss Park where Cable and Internet are INCLUDED and there is NO CDD!! Upon entering this home, you are greeted by a nice foyer, 2 bedrooms on your left with a full bathroom in between, then to your right is a great built in drop zone, another full bath and another bedroom. The kitchen is open to the family room and dining room, with a nice covered patio to enjoy evening sunsets. The master suite is very large with a HUGE walk in closet, tub and shower and dual sinks, PLUS the bathroom connects to the laundry room for easy access. Situated in Moss Park and conveniently located to the 417, 528, Lake Nona, UCF, Medical City, Orlando International Airport and more PLUS zoned for A Rated Schools, you must schedule your private showing today before this home is SOLD!
SEE MORE
- 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
Zip Code: 32832
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 32832
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$447 | |
| Property Insurance | -$164 | |
| HOA | -$165 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$135
|
||
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.
$399,900
PROJECTED PRICE
$2,160
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| 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
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
3.5
YEARS SAVED
$11,904
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$2,134
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
10126 Lovegrass Ln Orlando, FL 5
- 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,145 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $2,160
- $1.01
-
10042 Lovegrass Ln Orlando, FL 1
- 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 2017
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,995
- $1.01
-
10028 Lovegrass Ln Orlando, FL 2
- 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2017
LEASED 05/07/20- Rent
- Rent Per SQFT
- $2,095
- $0.99
-
10036 Lovegrass Ln Orlando, FL 3
- 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2017
LEASED 07/18/20- Rent
- Rent Per SQFT
- $2,095
- $0.99
-
10211 Lovegrass Ln Orlando, FL 4
- 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,169 Sqft ∙ Built 2018
LEASED 08/24/20- Rent
- Rent Per SQFT
- $2,145
- $0.99
PROPERTY LISTING DETAILS
1.407.456.0777
Voss Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5923041
Last Updated: 02/11/2021
