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PROPERTY INFO
FACTS
- Single Family
- Built In 1980
- Price/Sqft : $176.79
- 3 Days on Market
- MLS # : O5913325
- Updated Date : 12/25/2020 at 23:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,400 sqft
- Baths : 2 full
Listing Agent
Robert Slack Llc
Listing Agent's Description
It is all about location!! Check out this beautiful, updated home in one of the most sought after communities in Orlando. This home is 1 mile from Sea world & I-Drive and only 15 minutes from OIA & Disney. Features include (but not limited to); a ceramic tile roof less than 2 years old, a 1 year old A/C and a nest thermostat, updated kitchen with granite counter tops, brand new laminated water proof floors, fresh interior paint, roomy rear deck surrounded by an stunning back yard, etc.,! This is a home you wouldn't want to miss!
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: Windmill Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Windmill Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,570 |
| EXPENSES | Loan Payment | -$913 |
| Property Tax | -$277 | |
| Property Insurance | -$120 | |
| HOA | -$75 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$56
|
||
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.
$247,500
PROJECTED PRICE
$1,570
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 8.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| 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
$71,338
LOAN DETAILS
$913
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,875 |
| Loan Amount | $185,625 |
6.17
YEARS SAVED
$20,185
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$1,565
COMP ESTIMATED VALUE -
$1.12
COMP AVG. RENT PER SQFT
Comps Range
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10652 Windsor Ct Orlando, FL 3
- 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980
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- Rent
- Rent Per SQFT
- $1,570
- $1.12
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4902 Gardengate Ln Orlando, FL 1
- 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1981
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LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,495
- $0.95
-
5007 Lady Bug Pl Orlando, FL 2
- 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1982
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LEASED 10/23/20- Rent
- Rent Per SQFT
- $1,550
- $1.10
-
5643 Norman H Cutson Dr Orlando, FL 4
- 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1995
![property image]()
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,695
- $1.22
-
5225 Wildflower Rd Orlando, FL 5
- 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1979
![property image]()
LEASED 03/20/20- Rent
- Rent Per SQFT
- $1,870
- $1.20
PROPERTY LISTING DETAILS
1.980.621.5960
Robert Slack Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5913325
Last Updated: 12/25/2020
