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13217 S Lake Mary Jane Rd Orlando, FL 32832

3 Beds 2 Baths 2,112 sqft Built 1984

$439,900

List Price

$3,110

$2.9K - $3.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $208.29
  • 5 Days on Market
  • MLS # : O5923978
  • Updated Date : 02/25/2021 at 15:26
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,112 sqft
  • Baths : 2 full
Listing Agent

Premium Properties R.e Service

Listing Agent's Description

Charming home located in quiet country subdivision Isle of Pines. Completely remodeled inside and out! Spacious 3 bedroom, 2 bath home on 1/3 acre. Living room features a designer mud closet and 2-sided eye catching fireplace to hang your big screen on. Other side of fireplace faces dining area where you will enjoy family dinners with French doors overlooking the large backyard. Luxury vinyl flooring throughout, over 42' linear feet of granite countertops and so much more. Huge kitchen offers 31 cabinets +, island/breakfast bar, and all new stainless steel appliances. Master bedroom has 2 walk-in closets and adjoining bathroom with gorgeous glass shower stall, rain shower head, and barn door vanity. 2nd and 3rd bedrooms are roomy as well with oversized closets. Hallway bathroom is clean and fresh, featuring ceramic tile and bath/shower. Indoor laundry room is absolutely huge and has cabinets for additional storage. 2-car garage has electric door and is freshly painted with confetti speckled flooring. 50' wood front porch is absolutely gorgeous and perfect for entertaining or just relaxing and watching the sunset. Roof is one year old and gutters are brand new. House needs absolutely nothing, ready for immediate move-in! Optional HOA allows homeowners use of gated park with picnic pavilion, grills, playground, restroom facilities and boat dock with ramp for full lake access. Kayaks, canoes, and jon boats can also be stored at the park for a mere $25 annually. Rear of neighborhood is home to Isle of Pine Preserve which offers walking/hiking trails for the nature enthusiast. Home is located away from the hustle and bustle yet conveniently located only 10 minutes from Lake Nona schools, 417, shopping & dining, Lake Nona Medical City, and VA Hospital just to name a few.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Isle of Pines

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k358k

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

Neighborhood: Isle of Pines

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292198

* 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
Moss Park Elementary School Primary Regular 1,318 96 8
Innovation Middle School Middle Regular NA
Lake Nona High School High Regular 2,266 108 6

Moss Park Elementary School

  • Education Level: Primary
  • # of students: 1,318
  • # of teachers: 96
8
GreatSchools Rating

Innovation Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lake Nona High School

  • Education Level: High
  • # of students: 2,266
  • # of teachers: 108
6
GreatSchools Rating
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,799$3,421$3,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $3,110
EXPENSES Loan Payment -$1,528
Property Tax -$492
Property Insurance -$162
HOA -$13
Property Management Fees -$129
CASH FLOW
$786

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.

$439,900

PROJECTED PRICE

$3,110

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M$1.8M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k$30k$35k$40k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$1,528

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

13.92

YEARS SAVED

$99,773

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $3,110

    LIST RENT
  • $1.47

    LIST RENT PER SQFT
  • $3,696

    COMP ESTIMATED VALUE
  • $1.75

    COMP AVG. RENT PER SQFT
Comps Range
$3,110
1$3,1102$4,000
$4,000
RENT COMPS ANALYSIS
  • 13217 S Lake Mary Jane Rd Orlando, FL 1
    • 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,112 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $3,110
    • $1.47
    •  
  • 14528 Roxane Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 2,292 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,292 Sqft ∙ Built 1997
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $4,000
    • $1.75
    •  
PROPERTY LISTING DETAILS
Dana Stanley
1.407.468.4658
Premium Properties R.e Service
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5923978
Last Updated: 02/25/2021
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