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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $121.37
- 7 Days on Market
- MLS # : O5906253
- Updated Date : 11/20/2020 at 11:37
CONSTRUCTION
- Beds : 5
- Floor Size : 2,925 sqft
- Baths : 2 full , 1 half
Listing Agent
Florida Realty Investments
Listing Agent's Description
Beautiful 2 story house in Ocoee. 1/3 of an Acre lot! Ready for quick closing! 5 Bedroom 2.1 bath with 2925 heated Sq. Ft. Home has Grand sweeping staircase to 2nd floor. Open and Bright floor plan with formal living, dining, Huge family room, oversized 2 car garage and open bonus room/Loft on the 2nd floor. Master Bedroom has vaulted ceilings in addition to 2 large walk in closets, separate shower, Dual sinks and roman tub. 2 A/C systems, upstairs Utility Room. Additional storage under stairs, up stairs and down stairs. Room for everyone and everything. This small Ocoee subdivision is completely surrounded with a community brick wall and is across the street from the small pond w/fountain and park. Home is being sold AS IS with right to inspect. Back yard is so large that it has fountain, mature landscaping and room to add a screen Porch. A Must see for Large families. Formal Living room on first floor can be converted to 6th bedroom just by adding a door. Ocoee schools and very private subdivision. You have to see to believe this large family home. Roof was replace last year. One of the Air Handler was replaced. Refrigerator and Range new.
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: Wellington Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wellington Place
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,080 |
| EXPENSES | Loan Payment | -$1,310 |
| Property Tax | -$450 | |
| Property Insurance | -$211 | |
| HOA | -$63 | |
| Property Management Fees | -$187 | |
|
CASH FLOW
-$141
|
||
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.
$355,000
PROJECTED PRICE
$2,080
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 7.7% |
| 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
$99,825
LOAN DETAILS
$1,310
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
2.42
YEARS SAVED
$7,708
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,080
LIST RENT -
$0.71
LIST RENT PER SQFT
-
$2,055
COMP ESTIMATED VALUE -
$0.7
COMP AVG. RENT PER SQFT
Comps Range
-
1200 Stonewater Cir Ocoee, FL 4
- 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,925 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $2,080
- $0.71
-
7957 Rex Hill Trl #4 Orlando, FL 1
- 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,868 Sqft ∙ Built 2006
![property image]()
LEASED 12/15/19- Rent
- Rent Per SQFT
- $1,895
- $0.66
-
2772 Pythagoras Cir Ocoee, FL 2
- 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,717 Sqft ∙ Built 2008
![property image]()
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,950
- $0.72
-
305 Sterling Lake Dr Ocoee, FL 3
- 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,916 Sqft ∙ Built 1993
![property image]()
LEASED 01/10/20- Rent
- Rent Per SQFT
- $2,000
- $0.69
-
1627 Amber Leaf Cir Ocoee, FL 5
- 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,900 Sqft ∙ Built 2018
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,150
- $0.74
PROPERTY LISTING DETAILS
1.407.760.0090
Florida Realty Investments
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5906253
Last Updated: 11/20/2020
