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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $160.74
- 4 Days on Market
- MLS # : O5916732
- Updated Date : 01/14/2021 at 12:08
CONSTRUCTION
- Beds : 5
- Floor Size : 2,420 sqft
- Baths : 3 full
Listing Agent
Go Realty Llc
Listing Agent's Description
Don't miss this immaculately maintained 5 bedroom, 3 bath home in Storey Park! This home shows like a model with beautiful finishes and has everything a family would want, including an open floor plan, ample storage space, a first floor guest bedroom for family or visitors and much more. The gourmet kitchen features quartz countertops, center island, walk-in pantry and large breakfast nook. The spacious master suite features a large walk-in closet, large master bath with shower, tub and dual sinks. The additional bedrooms are spacious and well appointed and the laundry room is perfectly positioned upstairs. The growing and vibrant Storey Park community features hiking trails, green spaces, camping area, tennis courts, resort style community pool with splash pad and fitness center. HOA dues include cable, internet and phone service. Close to MCO and all that Lake Nona has to offer. Don't miss out; set up a private showing today!
SEE MORE
- 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)
- 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.
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 | $2,390 |
| EXPENSES | Loan Payment | -$1,351 |
| Property Tax | -$490 | |
| Property Insurance | -$181 | |
| HOA | -$269 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$30
|
||
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.
$389,000
PROJECTED PRICE
$2,390
PROJECTED RENT
0.61%
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) | 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
$108,835
LOAN DETAILS
$1,351
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $97,250 |
| Loan Amount | $291,750 |
4.42
YEARS SAVED
$16,777
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,390
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,420
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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11852 Story Time Dr Orlando, FL 1
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- 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
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LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,600
- $1.04
PROPERTY LISTING DETAILS
1.407.797.7388
Go Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5916732
Last Updated: 01/14/2021
