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1304 Seneca Falls Dr 
Orlando, FL
32828
3 Beds 2 Baths 1,552 sqft
Built 2001
INVESTimate
$274,000
List Price
$78,360
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PROPERTY INFO
FACTS
- Built In 2001
- Price/Sqft : $176.55
- 21 Days on Market
- MLS # : W7825476
- Updated Date : 08/24/2020 at 16:01
CONSTRUCTION
- Beds : 3
- Floor Size : 1,552 sqft
- Baths : 2 full
Listing Agent
Mlstosell.com Inc
Listing Agent's Description
Cute property in very desirable area with all A rated schools. Fully fenced large backyard and spacious 2 car garage. 3 bedrooms/2 bath with open layout kitchen. Tiled kitchen and bathrooms and wood laminate in living room and bedrooms. Located inside Waterford Chase community. In conclusion, a great place to live. Bring your buyers! Won't last!
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Waterford Chase East Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waterford Chase East Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$1,011 |
| Property Tax | -$312 | |
| Property Insurance | -$129 | |
| HOA | -$75 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
-$88
|
||
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.
$274,000
PROJECTED PRICE
$1,580
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 4.92% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$78,360
LOAN DETAILS
$1,011
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,500 |
| Loan Amount | $205,500 |
2.42
YEARS SAVED
$5,996
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,580
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,482
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1304 Seneca Falls Dr Orlando, 2
- 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,552 Sqft ∙ Built 2001
- Rent
- Rent Per SQFT
- $1,580
- $1.02
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1007 Crystal Bay Ln Orlando, 1
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LEASED 11/07/19- Rent
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- $1,500
- $0.91
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1364 Karok St Orlando, 3
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LEASED 12/10/19- Rent
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- $1,590
- $0.94
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15365 Galbi Dr Orlando, 4
- 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 2006
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,675
- $0.99
-
1251 Alapaha Ln Orlando, 5
- 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 2004
LEASED 05/18/20- Rent
- Rent Per SQFT
- $1,700
- $0.98
PROPERTY LISTING DETAILS
1.855.456.4945
Mlstosell.com Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7825476
Last Updated: 08/24/2020
