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PROPERTY INFO
FACTS
- Single Family
- Built In 1983
- Price/Sqft : $160.99
- 2 Days on Market
- MLS # : S5048112
- Updated Date : 03/21/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,174 sqft
- Baths : 3 full
Listing Agent
The Listing Realty Llc
Listing Agent's Description
Wow!! You have to see this Amazing property 3/2 with an additional apartment 1/1 with kitchen and living space area perfect as a mother in law suite or for rent. Roof replaced in 2018, all renovated in 2018 , kitchen features granite counter top, stainless steel appliances , beautiful backsplash and new cabinets. The living area, kitchen and baths feature a ceramic tile that will pass for marble. The bedrooms and the bonus room all have wood laminate. No backyard neighbors for additional privacy. The Williamsburg neighborhood is very desirable area, this home will not last long close to shopping and bus lines. Location, Location, Location.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Lake Ridge Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Ridge Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,800 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$391 | |
| Property Insurance | -$166 | |
| HOA | -$75 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$177
|
||
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.
$350,000
PROJECTED PRICE
$1,800
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 11.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.82% |
| 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
$98,500
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,500 |
| Loan Amount | $262,500 |
2.33
YEARS SAVED
$5,640
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,800
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,821
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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10609 Leafy Way Orlando, FL 5
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4904 Lady Bug Pl Orlando, FL 1
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- $1,600
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4837 Loretta Ln Orlando, FL 2
- 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981
LEASED 12/04/19- Rent
- Rent Per SQFT
- $1,625
- $0.87
-
4838 Loretta Ln Orlando, FL 3
- 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,196 Sqft ∙ Built 1981
LEASED 12/29/19- Rent
- Rent Per SQFT
- $1,700
- $0.77
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10322 Lollipop Ln Orlando, FL 4
- 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,720
- $0.92
PROPERTY LISTING DETAILS
1.321.946.2082
The Listing Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5048112
Last Updated: 03/21/2021
