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14019 Islamorada Dr Orlando, FL 32837

4 Beds 3 Baths 2,614 sqft Built 2000

INVESTimate

$430,600

List Price

$2,240

$2,016 - $2,464

Rent Est.

$445,370  ( +3.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $164.73
  • 7 Days on Market
  • MLS # : O5886558
  • Updated Date : 08/21/2020 at 13:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,614 sqft
  • Baths : 3 full
Listing Agent

Greater Orlando Realty Usa Inc

Listing Agent's Description

Engel Splendor in popular Mar Vista community. Well designed 4bedroom, 3 bath, with den, 3 car garage, spacious POOL, GORGEOUS PEBBLE TEC pool finish and BRICK PAVER DECK, highlighted by a spacious rear FENCED YARD! Over 2600 ft. living area , all on 1-level! Spacious family room highlighted by a well designed FIREPLACE! Kitchen and eat-in area are very spacious, and extensive cabinet space, featuring 42"cabinets and CORIAN countertops! All kitchen appliances convey highlighted by STAINLESS STEEL refrigerator and dishwhasher! QUALITY AND UPGRADED flooring throughout, highlighted by WOOD LOOKING CERAMIC TILE! Air condition system was replaced in 9/2015! Pond views as well in Northeast portion of yard! Master bedroom and Master bath are quite spacious, highlighted by nice walk-in shower and garden tub! Take advantage of the 21st highest rated community in the United States by CNN Magazine. Extensive recreation, parks, playgrounds, tennis courts, basketball courts, soccer fields and Little League facilities accentuated by the gorgeous Hunters Creek landscaping. Top rated elementary school is nearby your new home! This split plan gem is priced to sell! Call now for more exciting details!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hunters Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $105k408k

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

Neighborhood: Hunters Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292281

* 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
 

$387,540$473,660$430,600

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,589
Property Tax -$482
Property Insurance -$192
HOA -$88
Property Management Fees -$202
CASH FLOW
-$313

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.

$430,600

PROJECTED PRICE

$2,240

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 3.43%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,859

INVESTMENT

$119,859

Down Payment
$107,650
Rehab Estimate
$5,750
Closing Costs
$6,459

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,589

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,650
Loan Amount $322,950
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,529

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,255

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2403$2,4004$2,4005$2,595
$2,595
RENT COMPS ANALYSIS
  • 14019 Islamorada Dr Orlando, 2
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.86
    •  
  • 13029 Islamorada Dr Orlando, 1
    • 5 beds 3 baths ∙ 2,808 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,808 Sqft ∙ Built 2001
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 5215 Los Palma Vista Dr Orlando, 3
    • 5 beds 3 baths ∙ 2,784 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,784 Sqft ∙ Built 2002
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 13407 Paloma Dr Orlando, 4
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
  • 13249 Sobrado Dr Orlando, 5
    • 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 2001
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.94
    •  
PROPERTY LISTING DETAILS
Marty Kaiser
1.407.595.9700
Greater Orlando Realty Usa Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886558
Last Updated: 08/21/2020
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