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

1077 Fountain Coin Loop Orlando, FL 32828

4 Beds 3 Baths 2,906 sqft Built 2016

$390,000

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $134.21
  • 14 Days on Market
  • MLS # : O5917392
  • Updated Date : 01/30/2021 at 08:14
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,906 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Advantage Iii

Listing Agent's Description

Welcome home to this quiet community tucked away. This home has an excellent floor plan with ample storage both upstairs and down. It has an open concept floor plan with a Great Room / Kitchen combination that won’t disappoint. Kitchen has an oversized island and a full walk-in pantry. Master bedroom and bathroom are oversized. Home is in excellent condition and has been well-maintained.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Alafaya

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k346k

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

Neighborhood: Alafaya

ZipNIR 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
Camelot Elementary School Primary Regular 615 40 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Camelot Elementary School

  • Education Level: Primary
  • # of students: 615
  • # of teachers: 40
7
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$351,000$429,000$390,000

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,355
Property Tax -$478
Property Insurance -$210
HOA -$61
Property Management Fees -$129
CASH FLOW
-$163

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.

$390,000

PROJECTED PRICE

$2,070

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.1%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$109,100

INVESTMENT

$109,100

Down Payment
$97,500
Rehab Estimate
$5,750
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,355

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,934

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,063

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9993$2,0154$2,0705$2,300
$2,300
RENT COMPS ANALYSIS
  • 1077 Fountain Coin Loop Orlando, FL 4
    • 4 beds 3 baths ∙ 2,906 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,906 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.71
    •  
  • 754 Battery Pointe Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2004
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.68
    •  
  • 15329 Galbi Dr Orlando, FL 2
    • 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2006
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.66
    •  
  • 1356 Maumee St Orlando, FL 3
    • 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,015
    • $0.74
    •  
  • 15238 Galbi Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2006
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.76
    •  
PROPERTY LISTING DETAILS
Shannon Musgrave
1.407.230.3997
Keller Williams Advantage Iii
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5917392
Last Updated: 01/30/2021
BESbswy