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11343 Great Commission Way Orlando, FL 32832

4 Beds 3 Baths 2,870 sqft Built 2008

$370,000

List Price

$2,210

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 2008
  • Price/Sqft : $128.92
  • 4 Days on Market
  • MLS # : S5041883
  • Updated Date : 11/05/2020 at 19:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,870 sqft
  • Baths : 3 full
Listing Agent

Agent Trust Realty Corporation

Listing Agent's Description

Modern 2 story home with 6 bedrooms, 3 bathrooms and a 2 car garage. Located in the exclusive neighborhood of Enclave at Moss Park in the Lake Nona area. A wide living room if found on the first floor along with two comfortable bedrooms, a dinning room, and a spacious kitchen featuring a kitchen island and numerous cabinets for extra storage. The lower floor has tile floors and a exquisite pallet that provides a modern aesthetic. The upper floor includes four spacious bedrooms that provide the opportunity for a private office or recreational room. The master bedroom,is not only the biggest one in the house, but also includes a walk in closet and its private bathroom, which contains a bathtub and a separate shower stall. The laundry room is also located on the second floor and comes equipped with a washer and drier. The house does not falls short on the outside, for it comes with a porch covered patio and an enormous fenced backyard, perfect for family gatherings, recreational activities, and workouts. This unique neighborhood enjoys low HOA fees and shares its surroundings with natural parks, wildlife reserves, and beautiful lakes. Among some of the amenities that the residents can enjoy are basketball courts, playgrounds, community pool, and parks. In one of the best locations of east Orlando, it has access to mayor highways like HWY 15, 417, and 518; an area also characterized for its proximity to the Orlando International Airport, the medical city, and UCF Faculty of Medicine.

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MARKET HIGHLIGHTS

  • 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: Enclave at Moss Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $105k378k

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

Neighborhood: Enclave at Moss Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292089

* 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
Moss Park Elementary School Primary Regular 1,318 96 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Moss Park Elementary School

  • Education Level: Primary
  • # of students: 1,318
  • # of teachers: 96
8
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
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,989$2,431$2,210

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,210
EXPENSES Loan Payment -$1,365
Property Tax -$417
Property Insurance -$208
HOA -$76
Property Management Fees -$199
CASH FLOW
-$55

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.

$370,000

PROJECTED PRICE

$2,210

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,782

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,210

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,332

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2103$2,2504$2,3805$2,500
$2,500
RENT COMPS ANALYSIS
  • 11343 Great Commission Way Orlando, FL 2
    • 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,870 Sqft ∙ Built 2008
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,210
    • $0.77
    •  
  • 11637 Great Commission Way Orlando, FL 1
    • 5 beds 4 baths ∙ 2,648 Sqft ∙ Built 2006 5 beds 4 baths ∙ 2,648 Sqft ∙ Built 2006
    property image
    LEASED 09/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 11342 Great Commission Way Orlando, FL 3
    • 4 beds 4 baths ∙ 2,824 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,824 Sqft ∙ Built 2007
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
  • 9850 Heron Pointe Dr Orlando, FL 4
    • 5 beds 3 baths ∙ 2,957 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,957 Sqft ∙ Built 2004
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.80
    •  
  • 12273 Great Commission Way Orlando, FL 5
    • 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,895 Sqft ∙ Built 2014
    property image
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.86
    •  
PROPERTY LISTING DETAILS
Goldberg Mayol
1.786.438.6590
Agent Trust Realty Corporation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5041883
Last Updated: 11/05/2020
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