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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $124.15
- 13 Days on Market
- MLS # : O5911628
- Updated Date : 12/26/2020 at 10:43
CONSTRUCTION
- Beds : 3
- Floor Size : 2,940 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
You’ll fall in love with this gorgeous 3 Bed / 2 Bath home with a huge bonus loft that can easily be a 4th bedroom! Located in the wonderful community of Cypress Springs you are less than 15 minutes from UCF, just minutes from 417 and 408, as well as centrally located to fantastic shopping, dining, and entertainment. As you walk through the front door you enter the large living room which carries into the formal dining room. Further into the home you enter into the large open kitchen with stone countertops, 42” cabinets, large walk in pantry, and additional kitchen nook dining area. The kitchen also opens right up into the large family room as well as features amazing double French doors that open on to the stunning Florida room / back patio. Surrounded by windows and situated on your very own backyard oasis, you will love the comfortable outdoor space this patio provides all while keeping you cozy during any kind of weather. The backyard oasis provides a paver patio that leads out into the backyard which provides tons of privacy due to the large trees, bamboo, and surrounding vinyl fence. As you make your way upstairs, you come to the oversized loft area that can very easily be converted to a full 4th bedroom. You’ll find bedrooms 2 and 3 along the hallway sharing a nicely appointed bathroom between. Your huge master suite features a double door entry way, large walk in closet, trey ceilings, and another set of double doors leading into the master bath. The master bathroom has been renovated with a beautiful frameless glass shower, dual vanities, and also features a large tub. You’ll enjoy amazing views of the pond from both the master suite as well as the upstairs windows. Cypress Springs is a highly coveted subdivision and features a community pool, playground, and sports courts. This is just an absolute gem of a home and you will simply fall in love the minute you walk through the doors. Come make this your new home today!
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: Villages at Summer Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Villages at Summer Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,100 |
| EXPENSES | Loan Payment | -$1,347 |
| Property Tax | -$415 | |
| Property Insurance | -$212 | |
| HOA | -$41 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$43
|
||
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.
$365,000
PROJECTED PRICE
$2,100
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| 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
$102,475
LOAN DETAILS
$1,347
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
4.92
YEARS SAVED
$21,291
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,100
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,256
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 07/01/20- Rent
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- 3 beds 4 baths ∙ 3,247 Sqft ∙ Built 2002 3 beds 4 baths ∙ 3,247 Sqft ∙ Built 2002
LEASED 02/12/20- Rent
- Rent Per SQFT
- $2,295
- $0.71
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LEASED 08/05/19- Rent
- Rent Per SQFT
- $2,450
- $0.88
PROPERTY LISTING DETAILS
1.407.529.9919
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5911628
Last Updated: 12/26/2020
