Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1042 N Hampton Ave Orlando, FL 32803

3 Beds 3 Baths 1,280 sqft Built 1996

$369,000

List Price

$1,850

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $288.28
  • 3 Days on Market
  • MLS # : O5924785
  • Updated Date : 02/20/2021 at 18:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,280 sqft
  • Baths : 2 full , 1 half
Listing Agent

Olde Town Brokers Inc

Listing Agent's Description

Beautifully maintained and updated 3/2.5 home in a highly desirable spot with walkability to local eateries and shopping. Enter your private drive leading to this hidden gem with new roof, new exterior paint, attached garage, neutral tile flooring and paint scheme. The updated kitchen features white cabinets, granite counters, sleek black GE appliances and tile flooring. Downstairs powder/half bath for guests and French door leading to a secluded fenced yard with paver patio for outdoor dining and entertaining. Upstairs offers a large master suite with walk in closet with closet system, spacious bathroom. Two additional generous sized bedrooms and full bath round out the upstairs. Zoned for Audubon Park K-8. Easy access to enjoy Downtown Orlando, Colonialtown and Milk District area restaurants and shopping.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Colonialtown North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Colonialtown North

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
Audubon Park School Primary Unknown NA
Audubon Park School Middle Unknown NA
Edgewater High School High Magnet 1,782 89 4

Audubon Park School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Audubon Park School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Edgewater High School

  • Education Level: High
  • # of students: 1,782
  • # of teachers: 89
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,665$2,035$1,850

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,850
EXPENSES Loan Payment -$1,282
Property Tax -$458
Property Insurance -$112
Property Management Fees -$129
CASH FLOW
-$132

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

$1,850

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.7%
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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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

$11,820

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,850

    LIST RENT
  • $1.45

    LIST RENT PER SQFT
  • $1,690

    COMP ESTIMATED VALUE
  • $1.32

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7503$1,8504$1,8505$2,100
$2,100
RENT COMPS ANALYSIS
  • 1042 N Hampton Ave Orlando, FL 4
    • 3 beds 3 baths ∙ 1,280 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,280 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.45
    •  
  • 612 Boardman St Orlando, FL 1
    • 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,309 Sqft ∙ Built 1987
    LEASED 09/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.32
    •  
  • 920 N Hampton Ave Orlando, FL 2
    • 3 beds 3 baths ∙ 1,284 Sqft ∙ Built 1998 3 beds 3 baths ∙ 1,284 Sqft ∙ Built 1998
    LEASED 02/10/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.36
    •  
  • 1513 Woodward St Orlando, FL 3
    • 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 2000 3 beds 3 baths ∙ 1,542 Sqft ∙ Built 2000
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.20
    •  
  • 745 N Shine Ave Orlando, FL 5
    • 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,500 Sqft ∙ Built 1997
    LEASED 11/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.40
    •  
PROPERTY LISTING DETAILS
Vincent Scarlatos
1.407.718.2378
Olde Town Brokers Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5924785
Last Updated: 02/20/2021
BESbswy