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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $162.07
- 2 Days on Market
- MLS # : O5918961
- Updated Date : 01/24/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,885 sqft
- Baths : 2 full
Listing Agent
Rosemary Rich And Company
Listing Agent's Description
LOCATION, LOCATION, LOCATION!! Waterview Reserve is minutes away from Orlando's best attractions, restaurants and shopping. This well maintained and hardly lived in property could be your new home. The tile reaches front to back door with only carpet in the bedrooms. Formal Living and Dining - perfect for office, home school, home theater, den or entertaining. Extended family room - with covered screened lanai for relaxing outdoor time.The laundry room has amazing space with a utility sink. HOA provides: Roofing Cleaning, Private Streets, Gates, Cameras throughout community, Private Streets, Basic Lawn Care, Spectrum Internet, Community Pool, Tennis Court, Basketball Court, Fitness Room, Banquet Room. Split floor plan - generously sized bedrooms. No rear neighbors allows you to feel like you are in a private oasis looking out over the common area. Easy to see!
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Waterview Townhomes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waterview Townhomes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,061 |
| Property Tax | -$360 | |
| Property Insurance | -$149 | |
| HOA | -$207 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$156
|
||
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.
$305,500
PROJECTED PRICE
$1,750
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 4.3% |
| 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
$86,708
LOAN DETAILS
$1,061
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,375 |
| Loan Amount | $229,125 |
2.17
YEARS SAVED
$4,313
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,748
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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10907 Waterbury Ct Orlando, FL 5
- 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,885 Sqft ∙ Built 1996
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- Rent Per SQFT
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10212 Sw Genesee Ln Ne Orlando, FL 1
- 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1981
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LEASED 07/28/20- Rent
- Rent Per SQFT
- $1,685
- $0.92
-
10626 Deergrass Ln Orlando, FL 2
- 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1978
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LEASED 05/08/20- Rent
- Rent Per SQFT
- $1,700
- $0.93
-
10322 Lollipop Ln Orlando, FL 3
- 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981
![property image]()
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,720
- $0.92
-
10762 Larissa St Orlando, FL 4
- 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1983
![property image]()
LEASED 01/22/21- Rent
- Rent Per SQFT
- $1,750
- $0.94
PROPERTY LISTING DETAILS
1.407.409.8773
Rosemary Rich And Company
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5918961
Last Updated: 01/24/2021
