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PROPERTY INFO
FACTS
- Single Family
- Built In 1988
- Price/Sqft : $162.39
- 3 Days on Market
- MLS # : O5921638
- Updated Date : 02/06/2021 at 18:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,324 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
THE PERFECT HOME TO MOVE RIGHT INTO! NEWER ROOF, NEWER AC AND NEW WATER HEATER ALL WITHIN THE LAST 4 YEARS! This property is located within close proximity to major highways like 408 and Colonial Drive, close proximity to Universal Studios and I-Drive attractions, dining & entertainment! Beautiful one story home with 2-car attached garage and plenty of driveway parking space. Instantly greeted with vaulted ceilings and ceramic tile, your living room offers plenty of living and entertaining space with easy access to your kitchen beyond the divider wall. Kitchen is equipped with all your necessary appliances, closet pantry, access to your garage, a convenient eat-in nook and also open concept to your formal dining room. Your dining room and living room features lovely French doors that takes you to your covered rear patio. DESIRED split floor plan. Your Master Retreat is located toward the back of your home with exterior views of your backyard and a private en-suite bathroom with stand up/walk in shower stall and extra counter space within your vanity. Bedroom 2, located in the front of the home has vaulted ceilings and allows beautiful natural sunshine through expansive arched window. Bedroom 3 is a great size and tucked in the middle between the others. Guest bathroom offers single sink vanity with extra counter space and a shower/tub combo. Enjoy Florida evenings on your covered patio overlooking a spacious backyard! This won't last long, call today for your private showing!
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: Southridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southridge
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,390 |
| EXPENSES | Loan Payment | -$747 |
| Property Tax | -$245 | |
| Property Insurance | -$115 | |
| HOA | -$14 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$141
|
||
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.
$215,000
PROJECTED PRICE
$1,390
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 5.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.82% |
| 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
$62,725
LOAN DETAILS
$747
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $53,750 |
| Loan Amount | $161,250 |
8.17
YEARS SAVED
$22,602
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,390
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,390
COMP ESTIMATED VALUE -
$1.05
COMP AVG. RENT PER SQFT
Comps Range
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- Rent Per SQFT
- $1,550
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PROPERTY LISTING DETAILS
1.407.641.2808
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5921638
Last Updated: 02/06/2021
