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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $163.41
- 3 Days on Market
- MLS # : O5914161
- Updated Date : 01/02/2021 at 18:28
CONSTRUCTION
- Beds : 3
- Floor Size : 2,356 sqft
- Baths : 3 full
Listing Agent
Florida Usa Real Estate
Listing Agent's Description
This Beautiful home located in the Gated community of River Oaks Landing. It is in immaculate condition and move in ready. Three bedrooms and three full bathrooms. It also has a home office, eat-in kitchen, formal dining room, formal living room, large family room and a SCREENED-IN lanai patio. Hardwood, marble and tile floors throughout. The exterior features include a fenced-in backyard with brick paver patio, 2020 roof, and a large custom-built outdoor fireplace and outdoor grill kitchen; perfect for out-door entertaining. It is located near the University of Central Florida and Research Park, and Lockheed, as well as great shopping and restaurants at Waterford Lakes Shopping Plaza. You have easy access to the Expressway via SR-408, SR-417 and it is located 20 minutes away from the Orlando International Airport. You can be anywhere in the central Florida area, Disney World and Universal, Daytona International Speedway, NASA Kennedy Space Center Visitor Complex and Top Rated Beautiful Beaches within minutes.
SEE MORE
- 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: River Oak Landing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: River Oak Landing
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,170 |
| EXPENSES | Loan Payment | -$1,420 |
| Property Tax | -$438 | |
| Property Insurance | -$177 | |
| HOA | -$73 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$67
|
||
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.
$385,000
PROJECTED PRICE
$2,170
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 8.3% |
| 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
$107,775
LOAN DETAILS
$1,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
4.17
YEARS SAVED
$17,744
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,170
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,215
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
10933 Piping Rock Cir Orlando, FL 2
- 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,356 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $2,170
- $0.92
-
3101 Rider Pl Orlando, FL 1
- 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,143 Sqft ∙ Built 1987
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.84
-
10831 Piping Rock Cir Orlando, FL 3
- 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,511 Sqft ∙ Built 1998
![property image]()
LEASED 02/06/20- Rent
- Rent Per SQFT
- $2,400
- $0.96
-
2868 University Acres Dr Orlando, FL 4
- 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,490 Sqft ∙ Built 1999
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,400
- $0.96
-
2600 University Acres Dr Orlando, FL 5
- 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,409 Sqft ∙ Built 1997
![property image]()
LEASED 07/31/20- Rent
- Rent Per SQFT
- $2,400
- $1.00
PROPERTY LISTING DETAILS
1.407.619.0857
Florida Usa Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5914161
Last Updated: 01/02/2021
