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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $147.84
- 5 Days on Market
- MLS # : S5043244
- Updated Date : 11/26/2020 at 01:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,638 sqft
- Baths : 3 full
Listing Agent
Roman's Pro Realty Llc
Listing Agent's Description
Welcome to Orlando's premier community Storey Park! This charming 5 bedroom, 3 bath smart home sits on an oversized picturesque lot with mature manicured landscaping, with a rear four-car wide paver stone driveway. A welcoming front porch that invites you into this two-story home. A dining room, guest room, full bathroom, laundry room, and breakfast knock, as a complement to the inviting great room, features sliding glass doors to a serene and peaceful covered rear porch. The cook in you will enjoy the stylish and spacious gourmet kitchen with an oversized island, gorgeous gleaming backsplash, and white cabinetry with easy access to the dining area overlooking the great room. Flex/Bonus Room downstairs that is currently being used as an office. The upstairs master bedroom suite offers a generous sized ceramic tiled master bath with a water closet, dual sinks, soaking tub, separate shower, and an abundant sized walk-in closet that will fill all of your storage needs. Three additional generous sized upstairs bedrooms, a full bathroom in this airy floor plan. Neutral colors throughout enhance the architectural features of this lovely home. Step outdoors to the irrigated landscaping. Amenities galore await the new homeowner in this sought after community in Orlando. Resort Style Clubhouse featuring: swimming pool, splash pad, tennis court, picnic areas, fitness center, and playground. The community also features trails, green spaces, and dog parks. Located just minutes to Lake Nona with access to restaurants, shopping, Medical City, Boxi Park, Orlando International Airport, Theme Parks and so much more. Internet and cable included in HOA and solar panels (leased) reduce the electrical bill. Call today and schedule a private viewing of this pristine, immaculate home. When only the best will do!
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: Storey Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Storey Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,580 |
| EXPENSES | Loan Payment | -$1,439 |
| Property Tax | -$492 | |
| Property Insurance | -$194 | |
| HOA | -$125 | |
| Property Management Fees | -$232 | |
|
CASH FLOW
$98
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$390,000
PROJECTED PRICE
$2,580
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 3.00% |
| 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
$105,350
LOAN DETAILS
$1,439
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,500 |
| Loan Amount | $292,500 |
5.58
YEARS SAVED
$29,066
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,580
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,585
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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11809 Prologue Ave Orlando, FL 4
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11860 Story Time Dr Orlando, FL 1
- 6 beds 3 baths ∙ 2,727 Sqft ∙ Built 2017 6 beds 3 baths ∙ 2,727 Sqft ∙ Built 2017
LEASED 07/01/20- Rent
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- $2,400
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11902 Philosophy Way Orlando, FL 2
- 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2018
LEASED 10/20/20- Rent
- Rent Per SQFT
- $2,400
- $0.98
-
11924 Story Time Dr Orlando, FL 3
- 5 beds 3 baths ∙ 2,461 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,461 Sqft ∙ Built 2018
LEASED 04/15/20- Rent
- Rent Per SQFT
- $2,500
- $1.02
-
11932 Story Time Dr Orlando, FL 5
- 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 2019
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,600
- $1.04
PROPERTY LISTING DETAILS
1.786.762.8839
Roman's Pro Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5043244
Last Updated: 11/26/2020
