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 1990
- Price/Sqft : $193.36
- 4 Days on Market
- MLS # : O5908243
- Updated Date : 11/28/2020 at 13:15
CONSTRUCTION
- Beds : 3
- Floor Size : 1,551 sqft
- Baths : 2 full
Listing Agent
Keller Williams Legacy Realty
Listing Agent's Description
Just what you were waiting for! This gorgeous 3 bedroom, 2 bathroom remodeled pool home has everything your family needs. As you walk in the home you can enjoy your open former living and dining room combo. To the right you will find 2 bedrooms with ample storage space in the hallway and bedrooms. Your guest bathroom has been remodeled with new vanities, and it has upgraded shower. To the left of the home you have your open kitchen which features a breakfast nook, granite counters, cabinet under lighting, and it overlooks your 2nd family room. The private master bedroom suite is towards the back of the home overlooking the pool, and features a walk in closet, remodeled master bathroom with double sink and a separate tub and shower. The entire house has the same flooring, all porcelain plank tile. That's right, NO CARPET or MULTIPLE COLOR FLOORING. YESS! Escape to your backyard and enjoy your private oasis with a fully fenced in yard that offers lots of green area for pets, large pool with screen enclosure, covered lanai, and a security fence around the pool. Enjoy your summer day BBQ's and nights relaxing by the pool watching a game on TV. AC is 7-8 years of age and has been serviced yearly, NEW insulated walls for energy efficiency, NEW pvc fence, NEW porcelain tile floors, NEW pool screen enclosure, NEW bathrooms, NEW kitchen. Conveniently located 5 mins from Seaworld, 18 mins from Universal Studios, 6 miles from Floridia mall, 13 mins from Disney World, 15-20mins from Orlando International Airport. Many shopping centers are in close distance as well as medical centers. This home is a catch so do not want to wait until someone else catches it. Schedule your virtual viewing today.
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: Sky Lake South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sky Lake South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,560 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$335 | |
| Property Insurance | -$129 | |
| HOA | -$16 | |
| Property Management Fees | -$140 | |
|
CASH FLOW
-$167
|
||
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.
$299,900
PROJECTED PRICE
$1,560
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 8.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.82% |
| 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
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
1.58
YEARS SAVED
$3,408
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,560
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,567
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
11195 Galvin Dr Orlando, FL 2
- 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,551 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,560
- $1.01
-
11836 Whispering Tree Ave #6 Orlando, FL 1
- 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,421 Sqft ∙ Built 1985
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,450
- $1.02
-
11630 Darlington Dr Orlando, FL 3
- 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,657 Sqft ∙ Built 1989
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,650
- $1.00
-
3200 Woodruff Dr Orlando, FL 4
- 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 1988
LEASED 10/14/20- Rent
- Rent Per SQFT
- $1,650
- $1.01
-
11238 Crystal Glen Blvd #1 Orlando, FL 5
- 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1999
LEASED 02/01/20- Rent
- Rent Per SQFT
- $1,750
- $1.01
PROPERTY LISTING DETAILS
1.407.921.4418
Keller Williams Legacy Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5908243
Last Updated: 11/28/2020
