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PROPERTY INFO
FACTS
- Single Family
- Built In 2019
- Price/Sqft : $167.73
- 4 Days on Market
- MLS # : O5918197
- Updated Date : 01/22/2021 at 11:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,203 sqft
- Baths : 3 full
Listing Agent
Keller Williams Advantage Iii
Listing Agent's Description
Step inside this beautiful 4 bedroom, 3 bathroom home and try not to fall in love! When you walk in you are greeted by beautiful ceramic tile that flows throughout the first floor. This home is the epitome of open concept, the kitchen opens up to the dining/living room space giving you the ultimate entertainment space. Downstairs you will also find a bedroom off the front of the house and full bathroom, perfect for when you have guests staying with you. Upstairs are the other 3 bedrooms, and 2 bathrooms. The master suite is equipped with a beautiful soaker tub, large shower stall and his and hers vanities. Outside you'll find the detached garage and large paver patio to enjoy the cool Florida nights. This beautiful home is also a fully smart home, use Alexa for lights, ring doorbell, garage door thermostat and more. The home is also energy efficient with solar panels. Storey Park is unlike any other in the Orlando area! The community has a resort pool, lap pool, 2 splash pads, a Jacuzzi spa, a state of the art fitness center, a food pavilion, tennis court, a big playing field for football or soccer games, walking trails, dog park, camp site and our own town center and so much more!! Not to mention all A-Rated schools! So, stop by and see why you will want to be part of the fastest growing, most sought after area in all of Orlando! Schedule your showing today! **FAN IN MASTER DOES NOT CONVEY**
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 | $2,240 |
| EXPENSES | Loan Payment | -$1,283 |
| Property Tax | -$466 | |
| Property Insurance | -$168 | |
| HOA | -$250 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$56
|
||
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.
$369,500
PROJECTED PRICE
$2,240
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
$103,668
LOAN DETAILS
$1,283
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,375 |
| Loan Amount | $277,125 |
4.17
YEARS SAVED
$14,262
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$2,209
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
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- 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2006
LEASED 05/28/20- Rent
- Rent Per SQFT
- $2,200
- $1.07
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11934 Fiction Ave Orlando, FL 5
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LEASED 11/13/20- Rent
- Rent Per SQFT
- $2,500
- $1.05
PROPERTY LISTING DETAILS
1.407.334.8664
Keller Williams Advantage Iii
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5918197
Last Updated: 01/22/2021
