Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13347 Kitty Fork Rd Orlando, FL 32828

4 Beds 2 Baths 2,104 sqft Built 2002

$319,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $152.04
  • 3 Days on Market
  • MLS # : O5914149
  • Updated Date : 01/01/2021 at 19:40
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,104 sqft
  • Baths : 2 full
Listing Agent

Realty Hub

Listing Agent's Description

Move In Ready! Spacious 4 Bed / 2 Bath single family home with over 2100+ sqft of living space. Conveniently located in the Bridge Water community of east Orlando, Florida. This well maintained home is situated on a LARGE FENCED LOT and boasts a NEWER ROOF, A/C & WATER HEATER, OPEN SPLIT FLOOR PLAN, VAULTED CEILINGS, and an abundance of NATURAL LIGHT. The beautiful kitchen truly is the center of the home and features upgraded STAINLESS STEEL APPLIANCES, cabinets, QUARTZ COUNTERTOPS, BREAKFAST BAR and an EAT IN SPACE. Relax in your MASTER SUITE with large windows that let the natural light shine in, sliding glass doors leading to the covered lanai, plus a MASTER BATH includes a SOAKING TUB, SEPARATE SHOWER ENCLOSURE, DUAL SINK VANITY, and a BIG WALK IN CLOSET. Three secondary bedrooms have plenty of space sure to please everyone. Escape to your own private fenced backyard paradise equipped with a covered lanai, extended open deck, lots of yard and even a raised bed garden. The tranquil community of Bridge Water offers two community pools, a fitness center, playground and a clubhouse. Ideal location offers a truly convenient lifestyle: just minutes to the Waterford Lakes Town Center, a variety of restaurants, shops, and entertainment. Plus enjoy easy access to 408 just one block West of the community and close proximity to UCF & Research Parkway. Experience Florida living at its finest!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Bridge Water

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $105k363k

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

Neighborhood: Bridge Water

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10282120

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

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,180
Property Tax -$364
Property Insurance -$162
HOA -$55
Property Management Fees -$129
CASH FLOW
$121

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.

$319,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

7

YEARS SAVED

$31,298

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,999

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8503$1,9004$2,0105$2,050
$2,050
RENT COMPS ANALYSIS
  • 13347 Kitty Fork Rd Orlando, FL 4
    • 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,104 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.96
    •  
  • 1035 Cherry Valley Way Orlando, FL 1
    • 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,951 Sqft ∙ Built 1999
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.85
    •  
  • 926 Jade Forest Ave Orlando, FL 2
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1998
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
  • 848 Cherry Valley Way Orlando, FL 3
    • 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,942 Sqft ∙ Built 2000
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.98
    •  
  • 845 Bridgeway Blvd Orlando, FL 5
    • 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2000
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.01
    •  
PROPERTY LISTING DETAILS
Joshua Dubin
1.407.617.6776
Realty Hub
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5914149
Last Updated: 01/01/2021
BESbswy