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PROPERTY INFO
FACTS
- Single Family
- Built In 1989
- Price/Sqft : $177.09
- 2 Days on Market
- MLS # : O5923661
- Updated Date : 02/14/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,694 sqft
- Baths : 2 full
Listing Agent
Homevest Realty
Listing Agent's Description
Single story home featuring a huge backyard with a large screened patio and sparkling pool. The pool’s recently been resurfaced so it’s ready for lots of splashing! The backyard extends beyond the screened porch and has mature landscaping. Inside the home, you’ll find tile and wood flooring in the main living areas, kitchen and bathrooms, and carpet in the bedrooms. Vaulted ceilings and arched doorways add character to the home while large windows let in the Florida sunshine. The large kitchen is perfect for everyday cooking and entertaining alike. There’s plenty of cabinets for storage and counter space for prepping. There’s a breakfast nook as well as a formal dining area. Situated in a great location, this home is located near many popular Central Florida attractions as well as shopping and restaurants! Schedule your showing today!
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
Neighborhood: Whisper Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Whisper Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$336 | |
| Property Insurance | -$137 | |
| HOA | -$31 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$26
|
||
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.
$299,988
PROJECTED PRICE
$1,700
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,247
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,997 |
| Loan Amount | $224,991 |
5.33
YEARS SAVED
$16,483
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,719
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
-
11757 Ottawa Ave Orlando, FL 3
- 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,694 Sqft ∙ Built 1989
- Rent
- Rent Per SQFT
- $1,700
- $1.00
-
2714 Mint Dr Orlando, FL 1
- 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,595 Sqft ∙ Built 1989
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,595
- $1.00
-
11630 Darlington Dr Orlando, FL 2
- 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
-
2807 Camomile Dr Orlando, FL 4
- 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,719 Sqft ∙ Built 1989
LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,785
- $1.04
-
11614 Carmody Ct Orlando, FL 5
- 4 beds 3 baths ∙ 1,864 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,864 Sqft ∙ Built 1989
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,900
- $1.02
PROPERTY LISTING DETAILS
1.407.897.5400
Homevest Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5923661
Last Updated: 02/14/2021
