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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $176.10
- 2 Days on Market
- MLS # : O5911488
- Updated Date : 12/19/2020 at 18:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,703 sqft
- Baths : 2 full
Listing Agent
One Oak Realty Corp
Listing Agent's Description
Set up a showing today. This dearly, loved home in the much sought-after Eastwood HOA Community will not last long. 3 sizeable Bedrooms offered, 2 Bathrooms and a highly desired split floor plan home that features lots of space for family to stretch out a grow. Livingroom offers a two-sided fireplace that goes through to the family area. Kitchen is very large and has beautiful grantie counter tops and plenty of room for and dinette table. Main Bedroom has a huge walk-in closet, laminate floors and sliding glass door access to the Patio. Main Bathroom in the main bedroom also has a recently updated and has a larger stand-up shower. 2nd and 3rd Bedrooms each have double closets and wood laminate floors. A spacious 2nd Bathroom includes tub/shower and stunning stone countertop. Screened-In Patio has tile floors and sliding door entry from the Master Bedroom that leads out to the back garden area that is fully fenced in. Eastwood Community features include: community pool, community room, tennis courts, playground, racquetball court, basketball court, volleyball court, softball field, soccer field and more. HOA dues include Xfinity internet/wi-fi. Enjoy living close to where handy shopping is a short drive, fine restaurants, UCF and all the excitmeent downtown Orlando offers just minutes away.
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: Eastwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Eastwood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,690 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$341 | |
| Property Insurance | -$138 | |
| HOA | -$122 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$146
|
||
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.
$299,900
PROJECTED PRICE
$1,690
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 6.1% |
| 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
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
3.17
YEARS SAVED
$8,753
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,690
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,682
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 03/02/20- Rent
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LEASED 04/01/20- Rent
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LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,696
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![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,700
- $0.98
PROPERTY LISTING DETAILS
1.407.760.8956
One Oak Realty Corp
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5911488
Last Updated: 12/19/2020
