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PROPERTY INFO
FACTS
- Single Family
- Built In 2009
- Price/Sqft : $154.59
- 4 Days on Market
- MLS # : O5916533
- Updated Date : 01/14/2021 at 11:31
CONSTRUCTION
- Beds : 4
- Floor Size : 1,973 sqft
- Baths : 2 full
Listing Agent
Empire Network Realty
Listing Agent's Description
Step into this beautiful MOVE-IN READY HOME showcasing a wonderful split floorpan. The SPLIT PLAN delivers a PRIVATE MASTER SUITE with a MASTER BATH boasting DUAL SINKS, GARDEN TUB, and a separate shower with large walk-in closet. A OPEN FLOOR PLAN awaits highlighted by easy care TILE FLOORS and NEW CARPET. The three spacious guest bedrooms add to the appeal of this home. The Reserve at Meadow Lake is a serene community offering a community pool, clubhouse, and a playground. Conveniently located near major highways such as 429, downtown Ocoee, schools, shops, restaurants, Winter Garden Village, Apopka, and the Health Central hospital. Don’t miss your chance to live in this quiet community convenient to everything! Schedule your private showing TODAY, this one WON'T LAST!
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: Ocoee
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ocoee
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,059 |
| Property Tax | -$385 | |
| Property Insurance | -$154 | |
| HOA | -$61 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$9
|
||
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.
$305,000
PROJECTED PRICE
$1,780
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 4.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| 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
$86,575
LOAN DETAILS
$1,059
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $76,250 |
| Loan Amount | $228,750 |
4.5
YEARS SAVED
$13,704
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,751
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
-
1366 Plumgrass Cir Ocoee, FL 2
- 4 beds 2 baths ∙ 1,973 Sqft ∙ Built 2009 4 beds 2 baths ∙ 1,973 Sqft ∙ Built 2009
- Rent
- Rent Per SQFT
- $1,780
- $0.90
-
1992 Switch Grass Cir Ocoee, FL 1
- 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2015
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,550
- $0.87
-
1948 Lochshyre Loop Ocoee, FL 3
- 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,150 Sqft ∙ Built 2001
LEASED 01/27/20- Rent
- Rent Per SQFT
- $1,795
- $0.83
-
1931 Lochshyre Loop Ocoee, FL 4
- 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2001
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,800
- $0.97
-
1988 Saint James Ct Ocoee, FL 5
- 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,042 Sqft ∙ Built 2000
LEASED 12/08/20- Rent
- Rent Per SQFT
- $1,800
- $0.88
PROPERTY LISTING DETAILS
1.407.487.3177
Empire Network Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5916533
Last Updated: 01/14/2021
