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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $150.08
- 2 Days on Market
- MLS # : O5906110
- Updated Date : 11/15/2020 at 01:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,638 sqft
- Baths : 3 full
Listing Agent
Beycome Of Florida Llc
Listing Agent's Description
Why wait to build? Make this lovely home yours today! Built in 2019, this is the newest home of this floor plan for sale in the Storey Park community. With 5 bedrooms, a loft, an office, an oversized lot including an extra long driveway and a large fully fenced backyard, you’ll have all the space you need for your family. This home also includes solar panels, hybrid water heater and a smart home system (Ring video doorbell, smart thermostat, smart lights, smart front door lock - controlled by phone or Alexa). You don’t want to miss this opportunity. Floor plan: - Upstairs: Master Suite with master bath + 3 other bedrooms + 1 full bath + spacious loft. - Downstairs: 1 bedroom + office + 1 full bathroom + family room + dining room + spacious kitchen with cabinets and gray quartz countertops + breakfast nook + laundry room. - Exterior: fenced backyard, covered patio, extra long driveway, two car rear load garage, covered front porch. - Upgrades: floor (gray porcelain wood look tile), fully fenced backyard, gutters. Smart & Energy efficient home: Solar panels ($79 monthly lease), hybrid water heater and smart home system (Ring video doorbell, smart thermostat, smart lights, smart front door lock - all can be controlled by phone or Alexa). Location: A+ rated schools: Innovation Middle School (2 blocks away), Sunblaze Elementary (6 min), Lake Nona High School (10 min) Shopping and Restaurants (6 min), Lake Nona Town Center (11 Min), Orlando International Airport (15 min), United States Tennis Association (USTA) National Campus (13 min), Lake Nona Medical City (12 min), Downtown Orlando (20 min). Storey Park community resort: resort style pool, jacuzzi, dog park, walking/bike trails, 24-hour fitness center and tennis court. HOA fee ($125) includes cable TV, high speed-internet and phone package.
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: 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 | -$1,461 |
| Property Tax | -$499 | |
| Property Insurance | -$194 | |
| HOA | -$125 | |
| Property Management Fees | -$232 | |
|
CASH FLOW
$69
|
||
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.
$395,900
PROJECTED PRICE
$2,580
PROJECTED RENT
0.65%
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
$106,914
LOAN DETAILS
$1,461
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $98,975 |
| Loan Amount | $296,925 |
5.25
YEARS SAVED
$26,219
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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11860 Story Time Dr Orlando, FL 1
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LEASED 07/01/20- Rent
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- $2,400
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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
1.844.239.2663
Beycome Of Florida Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5906110
Last Updated: 11/15/2020
