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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $182.95
- 4 Days on Market
- MLS # : O5920604
- Updated Date : 02/04/2021 at 15:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,853 sqft
- Baths : 2 full
Listing Agent
Keller Williams Advantage 2 Realty
Listing Agent's Description
Come and see this charming, Mediterranean style, move-in ready home located in exclusive, resort style of Turnberry Pointe in the EASTWOOD Golf Community. This well-appointed 3 bedroom, 2 bath home seeks new ownership and it is immaculate inside and out. As you walk in you'll see this lovely home presents 14' ceilings with a generous amount of windows that offers an abundance of natural light through its open spaces. The carpeted living room has sliding glass doors that takes you out to the Lanai to enjoy the Florida weather. The living room faces east for early morning sun views but with shaded temperatures in the summer evenings. You'll see beautiful tile floors throughout the kitchen, foyer and hallways. The large kitchen is equipped with plenty of maple wood cabinets and counter space, a kitchen island, separate pantry and breakfast nook. The beautiful master bedroom has tray ceilings and sliding doors that also leads you out to the Lanai. The spacious master bathroom has his and hers vanities, a garden bathtub, a glass brick window for extra lighting and separate glass shower. All of the bedrooms have planter shelves, ceiling fans and carpeting. The oversized 2-car garage door is built to 160 mph wind standards. In addition the Lennox brand AC is maintained yearly and has a 19 CER rating with a 2 speed compressor and humidity control. The attic has been refreshed with Pink Panther blown insulation, R-30 value. The Eastwood Community offers Playground, Tennis Courts, and Basketball Courts with Excellent Schools. Turnberry Pointe has its own Private community pool with a Cabana and bathrooms just across the street. Turnberry Point HOA takes care of ALL lawn maintenance on a weekly basis including mowing, edging, trimming, and seasonal fertilizing. It also includes annual professional roof cleaning, Cable and High Speed Internet. This is truly Florida living at its finest. This fabulous East Orlando location is minutes from Waterford Town Center with all its dining, shopping and entertainment options. Easy access to highways 408, 417 and 528. Within 30 minutes of Orlando International Airport and downtown! Easy commute to the beaches and space coast. See it today!!
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: Turnberry Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Turnberry Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$386 | |
| Property Insurance | -$147 | |
| HOA | -$142 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$250
|
||
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.
$339,000
PROJECTED PRICE
$1,730
PROJECTED RENT
0.51%
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
$95,585
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
1.67
YEARS SAVED
$3,372
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,742
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
13418 Lake Turnberry Cir Orlando, FL 5
- 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2000
- Rent
- Rent Per SQFT
- $1,730
- $0.93
-
13533 Waterhouse Way Orlando, FL 1
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1998
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,650
- $0.97
-
107 Razorbill Ct Orlando, FL 2
- 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1995
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,696
- $0.97
-
13743 Waterhouse Way Orlando, FL 3
- 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1996
LEASED 04/28/20- Rent
- Rent Per SQFT
- $1,700
- $0.84
-
13541 Waterhouse Way Orlando, FL 4
- 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 1996
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,700
- $0.98
PROPERTY LISTING DETAILS
1.321.439.4936
Keller Williams Advantage 2 Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5920604
Last Updated: 02/04/2021
