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11343 Great Commission Way Orlando, FL 32832

4 Beds 3 Baths 2,870 sqft Built 2008

$409,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $142.51
  • 2 Days on Market
  • MLS # : S5046326
  • Updated Date : 02/13/2021 at 18:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,870 sqft
  • Baths : 3 full
Listing Agent

La Rosa Realty Kissimmee

Listing Agent's Description

SELLER WILL PAY CLOSING COST WITH PREFERED LENDER !! 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. MUST SEE !!

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: 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
Innovation Middle School Middle Unknown NA
Lake Nona High School High Regular 2,266 108 6

Moss Park Elementary School

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

Innovation Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lake Nona High School

  • Education Level: High
  • # of students: 2,266
  • # of teachers: 108
6
GreatSchools Rating
 

$368,100$449,900$409,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,421
Property Tax -$457
Property Insurance -$208
HOA -$76
Property Management Fees -$129
CASH FLOW
$9

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.

$409,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.56%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,421

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$23,484

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,440

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,3003$2,4004$2,4955$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
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
  • 11342 Great Commission Way Orlando, FL 1
    • 4 beds 4 baths ∙ 2,824 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,824 Sqft ∙ Built 2007
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
  • 11941 Sonnet Ave Orlando, FL 3
    • 4 beds 4 baths ∙ 2,691 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,691 Sqft ∙ Built 2017
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 9856 Magnolia Woods Blvd Orlando, FL 4
    • 4 beds 3 baths ∙ 2,937 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,937 Sqft ∙ Built 2016
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.85
    •  
  • 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
    LEASED 08/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.86
    •  
PROPERTY LISTING DETAILS
Sergio Morante
1.407.683.8776
La Rosa Realty Kissimmee
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5046326
Last Updated: 02/13/2021
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