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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $169.28
- 5 Days on Market
- MLS # : O5910634
- Updated Date : 12/10/2020 at 09:08
CONSTRUCTION
- Beds : 4
- Floor Size : 1,979 sqft
- Baths : 2 full
Listing Agent
Centergate Realty Llc
Listing Agent's Description
This lovely corner home with a pond view is located in the Beautiful Eastwood community and has 4 bedrooms, 2 baths,and a 2 car garage. Some of the many improvements made by the current owner include:New ROOF 2017, New HOT WATER HEATER, replumbed, custom bathroom with upgraded hand-cut tile in guest bathroom, freshly painted, new kitchen sink with Kohler faucet in the spacious kitchen. New Appliances that were just installed. Upon entering, there is a formal living/dining area. This is a split floor plan with the Master Bedroom off the family room. Master bathroom features dual sinks with a garden tub, separate shower, skylights that offer Natural lighting and a large Walk-in Closet! The 4th bedroom can be used for a home office or a virtual home school area with double French Doors for privacy when needed. Open kitchen/family room that has a stone accent wall in the family room and it overlooks the lovely pond view that offers a tranquil setting. Kitchen has room for a rolling island that can be moved to open up the area for entertaining. LOW HOA fees that offer all of the following amentiies:Cable and Internet, playground, park, pool, commuity room, basketball court, racquetball court and tennis court, not to mention a volleyball court, softball field AND a soccer field! There's even a lot in the community to store your RV! This home is conveniently located near the major highways (408, 417 and S.R. 50), WaterfordLakes Town Center, many restaurants, UCF, Research Parkway, Downtown Avalon Park and about a 1/2 hour ride to Lake Nona to the west and Cocoa Beach/Kennedy Space Center to the east! Call today to see this before it's gone!!
SEE MORE
- 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)
- Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)
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 | $1,820 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$381 | |
| Property Insurance | -$154 | |
| HOA | -$122 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$202
|
||
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.
$335,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.54%
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
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
2.5
YEARS SAVED
$7,433
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,801
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 10/20/20- Rent
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LEASED 03/14/20- Rent
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- $1,799
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LEASED 09/22/20- Rent
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- $1,895
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![property image]()
LEASED 10/22/20- Rent
- Rent Per SQFT
- $1,895
- $0.95
PROPERTY LISTING DETAILS
1.321.266.7993
Centergate Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5910634
Last Updated: 12/10/2020
