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PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $179.87
- 3 Days on Market
- MLS # : O5912489
- Updated Date : 12/19/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,057 sqft
- Baths : 2 full
Listing Agent
Odry Vargas Realty Group
Listing Agent's Description
Come take a look at this beautiful 4 bedroom, 2 bath property in the lovely neighborhood of Woodland Park. This property features tile throughout the living areas, kitchen with solid counter, backslash and stainless steel appliances. You'll love the spacious bedrooms, and lovely screened in lanai perfect for entertaining. This property also includes water softer system and solar panels. What more could you as for? Located within minutes of the 417, Orlando International Airport, and Lake Nona.
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
Zip Code: 32824
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 32824
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,365 |
| Property Tax | -$375 | |
| Property Insurance | -$159 | |
| HOA | -$49 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$77
|
||
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.
$370,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 7.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| 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
$103,800
LOAN DETAILS
$1,365
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,500 |
| Loan Amount | $277,500 |
4.17
YEARS SAVED
$17,041
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,851
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 11/16/20- Rent
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- $1,695
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LEASED 01/28/20- Rent
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- $1,775
- $0.81
-
12067 Sumter Dr Orlando, FL 3
- 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2016
LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,885
- $0.95
-
12112 Carson Dr Orlando, FL 4
- 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2015
LEASED 03/23/20- Rent
- Rent Per SQFT
- $1,900
- $0.94
PROPERTY LISTING DETAILS
1.407.413.5892
Odry Vargas Realty Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5912489
Last Updated: 12/19/2020
