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13243 Moss Park Ridge Dr Orlando, FL 32832

4 Beds 2 Baths 1,956 sqft Built 2007

$340,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $173.82
  • 5 Days on Market
  • MLS # : O5912719
  • Updated Date : 12/24/2020 at 18:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,956 sqft
  • Baths : 2 full
Listing Agent

Heroes Real Estate Group Llc

Listing Agent's Description

This like-new four-bedroom house is perfect for you to call home. Upon entering this home, you will find a separate and spacious Dining room and formal living room combo, ideal for big family dinners and invited guests. Just past the living room you will be met with a great open space consisting of the kitchen and family room. The kitchen features beautiful quartz counter tops, wood cabinets and black stainless-steel appliances. The openness of the kitchen allows for plenty of “elbow room” for those who LOVE cooking on their own, or with an extra pair of hands. Immediately adjacent to the kitchen you will find a dinette, a perfect spot to grab a quick bite before heading out to school/work. The dinette opens up to the spacious family room perfect for entertaining your guests or movie nights with the family! Head down the hall and you will find three bedrooms and a hall bath which is easily accessible to your family and guests. For those owners who prefer their privacy, rejoice, the Master bedroom is on the opposite side of the house next to the kitchen. The open space, walk-in closet, bath with a dual vanity, Garden tub and separate shower stall leave you craving for, well, nothing. The laundry room doubles as a mud room for when you park in the 2-car garage. If sitting outside is your thing, you will find that the covered/enclosed/screened in OVERSIZED back porch is perfect for just that. Overlooking the open and paved sitting area and big backyard makes it perfect to spend nice days outside. With all these amazing features and its proximity to the fast-growing Lake Nona area, Medical City, the Orlando Airport and downtown Orlando I don't see how this house is not PERFECT. Now, come check it out!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Moss Park Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $105k513k

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

Neighborhood: Moss Park Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292155

* 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
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Moss Park Elementary School

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

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,254
Property Tax -$380
Property Insurance -$153
HOA -$31
Property Management Fees -$129
CASH FLOW
-$127

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.

$340,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,343

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
  • $0.93

    LIST RENT PER SQFT
  • $1,834

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,8203$1,9004$2,0505$2,095
$2,095
RENT COMPS ANALYSIS
  • 13243 Moss Park Ridge Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.93
    •  
  • 12954 Moss Park Ridge Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,128 Sqft ∙ Built 2007
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.85
    •  
  • 11711 Citruswood Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2006
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 9749 Pecan Hickory Way Orlando, FL 4
    • 4 beds 3 baths ∙ 2,051 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,051 Sqft ∙ Built 2016
    LEASED 12/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.00
    •  
  • 10028 Lovegrass Ln Orlando, FL 5
    • 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,112 Sqft ∙ Built 2017
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.99
    •  
PROPERTY LISTING DETAILS
Peter Rodriguez
1.407.308.4518
Heroes Real Estate Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5912719
Last Updated: 12/24/2020
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