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PROPERTY INFO
FACTS
- Single Family
- Built In 1972
- Price/Sqft : $204.97
- 2 Days on Market
- MLS # : O5905317
- Updated Date : 11/14/2020 at 12:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,066 sqft
- Baths : 1 full , 1 half
Listing Agent
Conway Realty Corp
Listing Agent's Description
Convenient - Affordable Neighborhood with Lake Access. This home backs up to the Community Lake where you can enjoy Launching your Kayak just behind your house. The owner has provided new buyer with a NEWER ROOF, Updated ELECTRICAL PANEL, and NEW AC IN 2016. Kitchen has been updated with new W H I T E CABINETS, Backsplash, B l a c k Kitchen applianced and Closet Pantry off of Kitchen. Master Bedroom offers you a 1/2 Bath ... and Full Bath in hallway has double sinks with new tile in Spacious WALK-IN SHOWER. Laundry - Washer and Dryer hookup is in your attached one car garage. You will also make use of the generous Space in backyard...with Plenty of Storage in SHED for workshop, Hobbies, or Extra Storage. This Home is READY FOR YOU TO MOVE IN!! Come take a look and enjoy this sweet home ! All room sizes are deemed to be correct but not warranted. Buyer responsible to verify.
SEE MORE
- 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.
- 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.
PRICE & RENT TRENDS
Neighborhood: Lake Jessamine Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Jessamine Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,250 |
| EXPENSES | Loan Payment | -$806 |
| Property Tax | -$250 | |
| Property Insurance | -$100 | |
| Property Management Fees | -$113 | |
|
CASH FLOW
-$18
|
||
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.
$218,500
PROJECTED PRICE
$1,250
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 6.6% |
| 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
$63,653
LOAN DETAILS
$806
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $54,625 |
| Loan Amount | $163,875 |
3.5
YEARS SAVED
$8,305
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,250
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$1,253
COMP ESTIMATED VALUE -
$1.17
COMP AVG. RENT PER SQFT
Comps Range
-
1151 Hall Ln Orlando, FL 2
- 3 beds 2 baths ∙ 1,066 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,066 Sqft ∙ Built 1972
![property image]()
- Rent
- Rent Per SQFT
- $1,250
- $1.17
-
5480 Lake Tyner Dr Orlando, FL 1
- 3 beds 1 baths ∙ 1,028 Sqft ∙ Built 1953 3 beds 1 baths ∙ 1,028 Sqft ∙ Built 1953
![property image]()
LEASED 09/15/20- Rent
- Rent Per SQFT
- $1,199
- $1.17
-
1108 Largo Dr Orlando, FL 3
- 3 beds 1 baths ∙ 1,068 Sqft ∙ Built 1955 3 beds 1 baths ∙ 1,068 Sqft ∙ Built 1955
![property image]()
LEASED 06/10/20- Rent
- Rent Per SQFT
- $1,345
- $1.26
-
5626 Sandalwood Dr Orlando, FL 4
- 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 1955
![property image]()
LEASED 08/10/20- Rent
- Rent Per SQFT
- $1,395
- $1.06
-
6330 Spanish Oak Dr #4 Orlando, FL 5
- 3 beds 2 baths ∙ 1,154 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,154 Sqft ∙ Built 1965
![property image]()
LEASED 04/11/20- Rent
- Rent Per SQFT
- $1,400
- $1.21
PROPERTY LISTING DETAILS
1.407.947.5141
Conway Realty Corp
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5905317
Last Updated: 11/14/2020
