Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1976
- Price/Sqft : $214.67
- 3 Days on Market
- MLS # : O5921811
- Updated Date : 02/06/2021 at 18:16
CONSTRUCTION
- Beds : 3
- Floor Size : 1,793 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Great opportunity to own this corner lot home with a pool in Conway. Pine Harbor Point is a small, quiet community minutes away from the Fern Creek boat ramp to Lake Conway. A double door entry opens to a foyer with a formal living room to the right and dining room to the left. The large family room features vaulted ceilings and access to the screened lanai off the back of the house. The split bedroom floorplan features a master with double vanities and shower. Two secondary bedrooms are on the opposite side of the home and share a bathroom. Kitchen features stainless steel appliances and pendant lighting over the bar area. Interior laundry room provides plenty of storage and a laundry sink. Side entry garage has ample room for two cars and a little "workshop' area. The freeform pool is accented by mature landscaping and provides a provide getaway for entertaining. Call today for a private showing before it is too late.
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Pine Harbor Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pine Harbor Point
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,150 |
| EXPENSES | Loan Payment | -$1,337 |
| Property Tax | -$451 | |
| Property Insurance | -$143 | |
| HOA | -$4 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$86
|
||
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.
$384,900
PROJECTED PRICE
$2,150
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 8.4% |
| 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
$107,749
LOAN DETAILS
$1,337
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $96,225 |
| Loan Amount | $288,675 |
6.58
YEARS SAVED
$30,393
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,150
LIST RENT -
$1.2
LIST RENT PER SQFT
-
$1,910
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
-
1243 Pine Harbor Point Cir Orlando, FL 5
- 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $2,150
- $1.20
-
917 Sweetbriar Rd Orlando, FL 1
- 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1964
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,700
- $1.06
-
1868 White Ave Orlando, FL 2
- 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1990
LEASED 03/16/20- Rent
- Rent Per SQFT
- $1,957
- $1.01
-
1710 Lando Ln Orlando, FL 3
- 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1960
LEASED 01/25/21- Rent
- Rent Per SQFT
- $1,995
- $1.13
-
1409 Overlake Ave Orlando, FL 4
- 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1966
LEASED 02/04/21- Rent
- Rent Per SQFT
- $2,088
- $1.06
PROPERTY LISTING DETAILS
1.407.383.5434
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5921811
Last Updated: 02/06/2021
