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12731 Montana Woods Ln Orlando, FL 32824

3 Beds 3 Baths 1,803 sqft Built 1984

$290,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $160.84
  • 6 Days on Market
  • MLS # : O5913031
  • Updated Date : 12/26/2020 at 13:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,803 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Advantage Iii

Listing Agent's Description

NO HOA!!! POOL HOME!!! Come see this centralized opportunity in Orlando! This 3 bedroom, 3 FULL bathroom, 1,803 Sq. Ft. split-plan home has a large screened-in lanai, perfect for having guests. All bedrooms have individual direct access to it's own bathroom. As you walk into the home through the screened-in front porch, you enter the brightly lit family room with a view into the huge screened-in lanai pool area. To the right of the family room, you will find Bedroom 2, which has French doors connecting to the pool area & the extremely large Bedroom 3, which is currently used as the Primary bedroom. Continuing throughout the home, you will find the Kitchen, the Formal Dining Room, the Living Room, which has sliding door access to the pool area and Primary Bedroom. This property is a great opportunity for first time home buyers and is conveniently located near major roadways with easy access to the airport. Schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Meadow Woods Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k253k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Meadow Woods Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8931712

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,070
Property Tax -$324
Property Insurance -$144
Property Management Fees -$129
CASH FLOW
-$47

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.

$290,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,483

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,620

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,717

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,508
1$1,5082$1,6003$1,6204$1,7005$1,995
$1,995
RENT COMPS ANALYSIS
  • 12731 Montana Woods Ln Orlando, FL 3
    • 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,803 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.90
    •  
  • 13107 Los Angeles Woods Ln Orlando, FL 1
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1987
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,508
    • $0.98
    •  
  • 527 Iowa Woods Cir E Orlando, FL 2
    • 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 1984 4 beds 3 baths ∙ 1,818 Sqft ∙ Built 1984
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 298 Chicago Woods Cir Orlando, FL 4
    • 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,850 Sqft ∙ Built 1989
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.92
    •  
  • 12326 Holly Jane Ct Orlando, FL 5
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1998
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.03
    •  
PROPERTY LISTING DETAILS
Ernie Plaza, Sr
1.407.334.9959
Keller Williams Advantage Iii
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913031
Last Updated: 12/26/2020
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