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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $160.51
- 3 Days on Market
- MLS # : O5907545
- Updated Date : 11/21/2020 at 09:37
CONSTRUCTION
- Beds : 4
- Floor Size : 2,112 sqft
- Baths : 2 full
Listing Agent
Ameriteam Realty Inc
Listing Agent's Description
Beautiful "Designer Model" home located in Tierra Bella subdivision. Home's features: 4 beds, 2 baths, 2 car garage, very curb appeal landscaping with stone accents, brick paved front and back including driveway, granite counter tops with large island and breakfast bar, 42" expresso custom cabinets with crow molding and stainless steel knobs, "Whirlpool" stainless steel appliances including French doors refrigerator, inside utility room has "Samsung" top loaded washer & dryer, tile floor, wood laminated floor, double pane Low E windows, Energy Star Home Certified, Carrier AC system, master suite has walk-in closet, dual sink vanity, garden tub, separate glassed shower, rear porch with extended paved and huge screen enclosure. Community's features: swimming pool, playground. sidewalk. Very convenience to freeways 408 & 417, Waterford Lakes shopping center, Florida Hospital, Lockheed Martin, Siemen, Research Park, Valencia college, UCF, Full Sail University, Lake Nona, Orlando International Airport MCO, Downtown Orlando, Cocoa Beach, and not too far from all major attractions. It's in ready Move-In condition with 1 year home warranty.
SEE MORE
- 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.
- 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.
PRICE & RENT TRENDS
Zip Code: 32825
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 32825
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,990 |
| EXPENSES | Loan Payment | -$1,251 |
| Property Tax | -$398 | |
| Property Insurance | -$162 | |
| HOA | -$98 | |
| Property Management Fees | -$179 | |
|
CASH FLOW
-$98
|
||
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.
$339,000
PROJECTED PRICE
$1,990
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 8.0% |
| 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
$95,585
LOAN DETAILS
$1,251
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
2.5
YEARS SAVED
$8,056
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,990
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,980
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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10134 Armando Cir Orlando, FL 4
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10039 Silmarien St Orlando, FL 1
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LEASED 05/27/20- Rent
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- $1,800
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LEASED 11/13/20- Rent
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- $1,850
- $0.89
-
10551 Bull Grass Dr Orlando, FL 3
- 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 2013
LEASED 11/19/20- Rent
- Rent Per SQFT
- $1,950
- $0.96
-
10775 Cabbage Tree Loop Orlando, FL 5
- 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2013
LEASED 03/12/20- Rent
- Rent Per SQFT
- $2,100
- $1.04
PROPERTY LISTING DETAILS
1.407.334.5575
Ameriteam Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5907545
Last Updated: 11/21/2020
