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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $185.34
- 8 Days on Market
- MLS # : O5908908
- Updated Date : 12/07/2020 at 14:31
CONSTRUCTION
- Beds : 4
- Floor Size : 1,726 sqft
- Baths : 2 full , 1 half
Listing Agent
Trust Equity Group Llc
Listing Agent's Description
Welcome to Bramble Bluff at Waterford Lakes, one of Orlando's most desirable communities! This beautiful cul-de-sac Lennar home is perfect and waiting for the energy conscious buyer. This home boasts a gorgeous kitchen with updated cabinetry and solid surface counter tops. New stainless-steel appliances throughout including a high-tech tablet refrigerator. Large eat in kitchen with an oversized pantry. The great room has vaulted ceilings with tons of natural light overlooking the enclosed lanai and fenced back yard. Perfect for the entertaining types. The first-floor owners retreat includes a bay window seating area for reading and relaxation. The owner’s bathroom has been completely remodeled. The second story features three (3) bedrooms, one that could easily be converted to a home office. Fresh interior and exterior paint, new energy efficient hot water heater, new hvac system and solar panels. This home has too many features to list and will not last long! This master planned community has lots of amenities. Be sure to also walk, bike, or drive through the scenic Waterford Lakes Community. This active community includes a resort style pool, walking trails, bike trails, dog park, tranquil lakes, wooded preserves, and sports & recreational parks. Conveniently close to A-rated local schools, Waterford Lakes Town Center, and everything Avalon Park. This home is only minutes (by car) from the airport, 417, shopping plazas, UCF, Lockheed Martin and much, much more!
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: Huckleberry Fields
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huckleberry Fields
* 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 | -$1,180 |
| Property Tax | -$364 | |
| Property Insurance | -$139 | |
| HOA | -$88 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$200
|
||
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.
$319,900
PROJECTED PRICE
$1,700
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 6.1% |
| 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
$90,524
LOAN DETAILS
$1,180
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,975 |
| Loan Amount | $239,925 |
2.5
YEARS SAVED
$7,039
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 -
$0.98
LIST RENT PER SQFT
-
$1,674
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 02/03/20- Rent
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- $1,625
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LEASED 05/10/20- Rent
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- $1,700
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LEASED 06/15/20- Rent
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- $1,700
- $0.88
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631 Aggie Dr Orlando, FL 5
- 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1987
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LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,988
- $1.04
PROPERTY LISTING DETAILS
1.407.463.9163
Trust Equity Group Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5908908
Last Updated: 12/07/2020
