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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $157.73
- 4 Days on Market
- MLS # : O5911067
- Updated Date : 12/11/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,276 sqft
- Baths : 2 full
Listing Agent
Bahia International Realty
Listing Agent's Description
Beautiful Single Story ENERGY EFFICIENCY HOME BUILT BY KB HOME, 3 Bedrooms, 2 Bath Home, features an amazing fully upgraded modern GOURMET KITCHEN with 42” Cabinets, granite countertops, Huge Island with recessed can lights that is Open to the Large great and dining room, Extended Covered Patio, 9' 4" CEILING HEIGHT, Flex Space can be used as Dining Room, office, kids play area. Master Bedroom has a very good size and the master bathroom has Double Sinks, separate Shower and hot / tub spa and oversized walk-in closet. This home comes with included features like: TECH SHIELD RADIANT BARRIER, R-30 INSULATION IN CEILINGS, LOW E DUAL PANEL WINDOWS, CARRIER 15 SEER ENERGY EFFICIENT HEAT PUMP W/PURON A/C, THERMOSTAT, ENERGY EFFICIENCY EXTERIOR DOOR WEATHER-STRIPPING. WATER SAVING PLUMBING FIXTURES, KOHLER ULTRA LOW ELONGATED TOILETS, LOW FLOW MOEN SHOWER HEADS AND WATERSENSE FAUCETS, PRESTIGE HYBRID HEAT PUMP AND 50 GALLON WATER HEATER, ALUMINIUM FASCIA AND SOFFIT VENTING THROUGH HEAT DISPERSING ROOF VENTS, , Community amenities include resort-style pool/cabana, putting green, soccer field, playgrounds The Community of Mabel Bridge offers a resort style pool, community area, golf putting green and soccer field. Zoned for A rated schools Conveniently located near to shops, restaurants and major road. Less than one mile to Disney area. Don't miss out on this lovely home.
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
Zip Code: 32836
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 32836
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,325 |
| Property Tax | -$434 | |
| Property Insurance | -$172 | |
| HOA | -$68 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$72
|
||
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.
$358,995
PROJECTED PRICE
$2,200
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 2.8% |
| 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
$100,884
LOAN DETAILS
$1,325
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $89,749 |
| Loan Amount | $269,246 |
6.5
YEARS SAVED
$31,778
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$2,253
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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11598 Acosta Ave Orlando, FL 1
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LEASED 03/16/20- Rent
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- $2,250
- $1.01
-
11543 Wakeworth St Orlando, FL 4
- 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2010
LEASED 07/15/20- Rent
- Rent Per SQFT
- $2,300
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8838 Leeland Archer Blvd Orlando, FL 5
- 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,370
- $0.98
PROPERTY LISTING DETAILS
1.321.332.8039
Bahia International Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5911067
Last Updated: 12/11/2020
