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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadow Woods Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,600
LOAN DETAILS
$1,070
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,500 |
| Loan Amount | $217,500 |
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
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- $1,995
- $1.03
PROPERTY LISTING DETAILS
1.407.334.9959
Keller Williams Advantage Iii
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5913031
Last Updated: 12/26/2020
