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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $167.71
- 2 Days on Market
- MLS # : O5929762
- Updated Date : 03/13/2021 at 20:16
CONSTRUCTION
- Beds : 4
- Floor Size : 1,431 sqft
- Baths : 2 full
Listing Agent
Tc Orlando Homes Llc
Listing Agent's Description
Welcome to this cozy, Seminole county home. If your looking for a wonderful, safe, conveniently located area to call home, this is it! Featuring 4 bedrooms and 2 bathrooms this home has plenty of different dedicated spaces for any homebuyers needs. Both bathrooms have been tastefully updated and have private bedroom access, making the home even more versatile, and accommodating. This home also features a renovated kitchen. The designer, real wood kitchen cabinets has a lazy Susan, a full size pantry with sliding pull-out drawers, and a sliding pull-out spice rack that conveniently located right next to the stove. Making cooking for your fine guests and loved ones seem more a labor of love than a typical everyday task. Granite Kitchen counter-tops, with newer appliances included. The home has a BRAND NEW roof which was installed in the end of February. As well as a water softener system. The front yard has been completely re-sodded and redone recently. And to top it all off, the property is home to a mango tree, an avocado tree, and a persimmons tree. YUM!!!! Zoned for some of the top public schools in Seminole county, this home is truly a GEM that you do not want to miss out on.
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: Bear Lake Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bear Lake Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,390 |
| EXPENSES | Loan Payment | -$834 |
| Property Tax | -$232 | |
| Property Insurance | -$122 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$74
|
||
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.
$240,000
PROJECTED PRICE
$1,390
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 8.9% |
| 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
$69,350
LOAN DETAILS
$834
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $60,000 |
| Loan Amount | $180,000 |
7.33
YEARS SAVED
$21,293
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,478
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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1223 Marie Ave Apopka, FL 1
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- $1,495
- $0.99
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3606 E Lina Ln Apopka, FL 4
- 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1959
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,550
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1039 Branchwood Dr Apopka, FL 5
- 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1979
LEASED 02/16/21- Rent
- Rent Per SQFT
- $1,700
- $1.12
PROPERTY LISTING DETAILS
1.407.715.2715
Tc Orlando Homes Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5929762
Last Updated: 03/13/2021
