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139 Grand Junction Blvd Orlando, FL 32835

3 Beds 2 Baths 1,324 sqft Built 1988

$215,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Southridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951712

* 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
Oak Hill Elementary School Primary Regular 485 35 3
Gotha Middle School Middle Regular 1,272 67 3
Olympia High School High Regular 2,990 134 7

Oak Hill Elementary School

  • Education Level: Primary
  • # of students: 485
  • # of teachers: 35
3
GreatSchools Rating

Gotha Middle School

  • Education Level: Middle
  • # of students: 1,272
  • # of teachers: 67
3
GreatSchools Rating

Olympia High School

  • Education Level: High
  • # of students: 2,990
  • # of teachers: 134
7
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

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
$1,150
1$1,1502$1,3903$1,4504$1,4955$1,550
$1,550
RENT COMPS ANALYSIS
  • 139 Grand Junction Blvd Orlando, FL 2
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.05
    •  
  • 7513 Pacific Heights Cir Orlando, FL 1
    • 3 beds 2 baths ∙ 1,221 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,221 Sqft ∙ Built 1989
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.94
    •  
  • 32 Grand Junction Blvd Orlando, FL 3
    • 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1987
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.10
    •  
  • 1003 Neville Ln Orlando, FL 4
    • 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,336 Sqft ∙ Built 1991
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.12
    •  
  • 7223 Seamans Blf Orlando, FL 5
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1982
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
PROPERTY LISTING DETAILS
Todd Schroth, Pa
1.407.641.2808
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921638
Last Updated: 02/06/2021
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