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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $208.45
- 78 Days on Market
- MLS # : O5895656
- Updated Date : 12/26/2020 at 11:56
CONSTRUCTION
- Beds : 4
- Floor Size : 2,202 sqft
- Baths : 3 full
Listing Agent
Homesmart
Listing Agent's Description
Beautiful Castello model home that still has the new home smell. Numerous upgrades include leaded glass front doors, gorgeous crown molding, oversize tile, and 42” kitchen cabinets with crown molding, French doors to large back paver patio that is perfect for entertaining. Swing set for the little ones. Paver front driveway. The expansive master bedroom features tray ceiling, large walk-in closet, garden tub with separate shower, and dual vanities. Very functional kitchen layout features center island and breakfast bar plus granite countertops and stainless steel appliances. Great schools! The Chatsworth section of Eagle Creek offers private gated access within the 24 hour guarded main gate at Eagle Creek. The community features a golf course, pool, tennis courts, and lush landscaping. Eagle Creek is conveniently located across from Lake Nona’s Medical City, UCF College of Medicine, Nemours Childrens Hospital, and the VA. Convenient to Orlando airport yet far enough for quiet, peaceful evenings. Shopping nearby with new stores opening monthly. Buy today and watch you property value rise as Lake Nona develops around you. Designer furniture package also available for purchase! Seller Offers $3,000 contribution toward the buyer's closing costs (On full price offers only)
SEE MORE
- 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: Eagle Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eagle Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,694 |
| Property Tax | -$525 | |
| Property Insurance | -$168 | |
| HOA | -$136 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$451
|
||
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.
$459,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 4.8% |
| 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
$127,385
LOAN DETAILS
$1,694
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $114,750 |
| Loan Amount | $344,250 |
1.17
YEARS SAVED
$2,663
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$1
LIST RENT PER SQFT
-
$2,163
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
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- $2,350
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PROPERTY LISTING DETAILS
1.786.683.9891
Homesmart
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5895656
Last Updated: 12/26/2020
