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11195 Galvin Dr Orlando, FL 32837

3 Beds 2 Baths 1,551 sqft Built 1990

$299,900

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 26, 2020 RECENTLY ADDED
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

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: Sky Lake South

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Sky Lake South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8631712

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

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
$1,450
1$1,4502$1,5603$1,6504$1,6505$1,750
$1,750
RENT COMPS ANALYSIS
  • 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
Jannese Garcia Vazquez
1.407.921.4418
Keller Williams Legacy Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5908243
Last Updated: 11/28/2020
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