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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $146.11
- 4 Days on Market
- MLS # : O5913131
- Updated Date : 12/25/2020 at 08:33
CONSTRUCTION
- Beds : 4
- Floor Size : 2,375 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
Stunning 4 bedroom, 2 ½ bathroom, 2 car garage home located in the gated community of Cameron Grove. Open, two-story floorplan with brand new engineered hardwood flooring throughout the house. New Roof (2019), New Water Heater (2020), New A/C unit (2017), Updated Kitchen Cabinets, New Ceiling Fans, updated bathroom. This house is move-in ready. Walk into the foyer and you have formal living room and dining room with tray ceilings for that extra designer touch. The kitchen offers beautiful dark granite with updated cabinets, stainless steel appliances, pantry. The kitchen opens into the breakfast nook and the large family room with a wood burning fireplace. The master suite is located on the first floor with master bathroom that includes a walk-in closet, large garden tub with separate shower and dual vanities. Second floor has rest of the bedrooms with 4th bedroom / loft overlooking the family room and could be used as a bedroom, office, or playroom. Additional features include wi-fi thermostat, wi-fi garage door, wi-fi smart sprinkler system, alarm system (as-is), built in desk (bedroom 2), recessed lighting and inside utility room. The exterior of the home has lush green grass, screened patio with a tiki bar can be used as outside kitchen, privacy fence, whole house pest control system and irrigation system. Separate water meter for irrigation. Seminole County is known for their "A" rated schools. Comes with transferable home warranty that is valid until October 2022.
SEE MORE
- 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: Cameron Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Cameron Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,200 |
| EXPENSES | Loan Payment | -$1,280 |
| Property Tax | -$358 | |
| Property Insurance | -$178 | |
| HOA | -$50 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$205
|
||
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.
$347,000
PROJECTED PRICE
$2,200
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 8.9% |
| 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
$97,705
LOAN DETAILS
$1,280
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $86,750 |
| Loan Amount | $260,250 |
8.58
YEARS SAVED
$46,870
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,200
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$2,209
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
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PROPERTY LISTING DETAILS
1.407.360.2232
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5913131
Last Updated: 12/25/2020
