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1019 Maya Ave Orlando, FL 32822

3 Beds 2 Baths 975 sqft Built 1971

$208,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

December 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $213.33
  • 2 Days on Market
  • MLS # : S5044209
  • Updated Date : 12/20/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 975 sqft
  • Baths : 2 full
Listing Agent

G First Realty Llc

Listing Agent's Description

Location! Location! Location! Just a few minutes from Orlando Airport, 10 minutes from Downtown Orlando, minutes from Advent Health Hospital East and Valencia Community College East Campus. Walking distance to Shopping Center. Beautiful Move-In Ready, Recently Renovated Roof was replaced 3 years ago, Electrical panel was replaced in 2017 and repiped in 2009. Updated bathroom and kitchen, Freshly Painted. Offering 3 Bed and 2 Full baths, Tile Throughout the Living room, Dining Room, and Master Room. Nice size fenced yard. This home won't last long schedule your showing today!.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Verona Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Verona Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7841712

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
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
 

$187,200$228,800$208,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$767
Property Tax -$237
Property Insurance -$94
Property Management Fees -$129
CASH FLOW
$53

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.

$208,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,870

INVESTMENT

$60,870

Down Payment
$52,000
Rehab Estimate
$5,750
Closing Costs
$3,120

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$767

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $52,000
Loan Amount $156,000
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$17,875

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $1.31

    LIST RENT PER SQFT
  • $1,063

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,000
1$1,0002$1,2753$1,2804$1,3985$1,400
$1,400
RENT COMPS ANALYSIS
  • 1019 Maya Ave Orlando, FL 3
    • 3 beds 2 baths ∙ 975 Sqft ∙ Built 1971 3 beds 2 baths ∙ 975 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $1.31
    •  
  • 7301 Autumnvale Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,128 Sqft ∙ Built 1957
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.89
    •  
  • 7905 Toler Ct #2 Orlando, FL 2
    • 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1984
    property image
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $1.13
    •  
  • 7945 Sapphire Ln Orlando, FL 4
    • 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,283 Sqft ∙ Built 1986
    property image
    LEASED 08/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,398
    • $1.09
    •  
  • 7640 Rio Pinar Lakes Blvd #1 Orlando, FL 5
    • 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,120 Sqft ∙ Built 1982
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.25
    •  
PROPERTY LISTING DETAILS
Axel Colon
1.407.484.1493
G First Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5044209
Last Updated: 12/20/2020
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