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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Colonialtown North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,535
LOAN DETAILS
$1,282
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,250 |
| Loan Amount | $276,750 |
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
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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
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- $1,850
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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
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- $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
1.407.718.2378
Olde Town Brokers Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5924785
Last Updated: 02/20/2021
