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1013 Marisol Ct Orlando, FL 32828

4 Beds 2 Baths 2,163 sqft Built 1995

$369,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $170.60
  • 3 Days on Market
  • MLS # : O5932761
  • Updated Date : 03/26/2021 at 12:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,163 sqft
  • Baths : 2 full
Listing Agent

La Rosa Realty Lake Nona Inc

Listing Agent's Description

LOCATION LOCATION!! Beautiful, Move-in ready 4 BEDROOM, 2 BATH home with large screened patio on a *cul-de-sac* in Waterford Lakes! Upon entering the home you will absolutely fall in love with the cathedral vaulted ceilings. Plenty of ***Natural Light*** Attractive OPEN SPLIT FLOOR PLAN. The kitchen opens to the *SPACIOUS* family room with sliding door access to the ***COVERED SCREENED PATIO** ***Newer STAINLESS STEEL APPLIANCES*** NEW ROOF installed in 2018. BRAND NEW WATER HEATER installed in 2021. RE-PIPED in 2020. Newer HVAC. Exterior paint in 2020. The master suite features double vanity, walk in closet, shower and separate soaking tub. ***Inside Laundry*** Two separate living spaces and a formal dining room. The home is located in the desirable Waterford Lakes Area and INCLUDES the following amenities: *Community Pool**Covered Playground*Racquetball*Tennis Courts*Baseball Field*Dog Park*Sand Volleyball Courts, and Miles of FABULOUS WALKING PATHS around beautiful LAKES and ponds. The neighborhood is also close to shopping, dining and employment. Zoned for GREAT SCHOOLS, Minutes from one of the largest Outdoor Malls in the Southeast, UCF Siemens, Lockheed Martin, Lake Nona's Medical City, Theme Parks and Beaches, make this a wonderful place to live, work and play!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Waterford Lakes South

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $105k363k

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

Neighborhood: Waterford Lakes South

NeighborhoodNIR 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
Waterford Elementary School Primary Regular 699 50 7
Discovery Middle School Middle Regular 907 56 5
Timber Creek High School High Regular 3,132 161 8

Waterford Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 50
7
GreatSchools Rating

Discovery Middle School

  • Education Level: Middle
  • # of students: 907
  • # of teachers: 56
5
GreatSchools Rating

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,282
Property Tax -$420
Property Insurance -$165
HOA -$67
Property Management Fees -$129
CASH FLOW
-$122

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.

$369,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,714

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,941

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7953$1,8954$1,8955$1,940
$1,940
RENT COMPS ANALYSIS
  • 1013 Marisol Ct Orlando, FL 5
    • 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,163 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.90
    •  
  • 13743 Waterhouse Way Orlando, FL 1
    • 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1996
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 128 Sandhill Crane Run Orlando, FL 2
    • 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 1994
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 315 Prairie Dune Way Orlando, FL 3
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1996
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.96
    •  
  • 233 Lexingdale Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 1993
    property image
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.95
    •  
PROPERTY LISTING DETAILS
Jason Howell
1.321.229.5703
La Rosa Realty Lake Nona Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5932761
Last Updated: 03/26/2021
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