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PROPERTY INFO
FACTS
- Single Family
- Built In 2002
- Price/Sqft : $188.95
- 2 Days on Market
- MLS # : O5921312
- Updated Date : 02/06/2021 at 12:21
CONSTRUCTION
- Beds : 3
- Floor Size : 1,746 sqft
- Baths : 2 full
Listing Agent
Lakeside Realty Windermere Inc
Listing Agent's Description
Conveniently located at the front of the community, this 3 bedroom, 2 bathroom home features numerous updates throughout. ALL MAJOR UPGRADES TAKEN CARE OF- BRAND NEW ROOF JAN 2021, NEW HOT WATER HEATER 2019, NEW LAMINATE WOOD FLOORING 2018, NEW PAINT 2018 AND NEW AIR CONDITIONER 2016! The open floor plan includes a stunning kitchen with Corian countertops, large pantry, bar top and breakfast nook. Enjoy a large master bedroom with spacious master bathroom including large walk-in closet and dual vanity with separate shower and jacuzzi tub. New stylish laminate wood flooring with ceiling fans throughout. Relax on the spacious enclosed paver patio and much more. This gated community offers unsurpassed amenities including a state-of-the art fitness center, Olympic size community pool, kiddie pool, multiple playground areas, field hockey rink, tennis, volleyball, and basketball courts. Convenient access to 429. HOA FEE INCLUDES BASIC CABLE & HIGH SPEED INTERNET.
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: Stoneybrook West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stoneybrook West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,860 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$363 | |
| Property Insurance | -$140 | |
| HOA | -$170 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$88
|
||
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.
$329,900
PROJECTED PRICE
$1,860
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 5.3% |
| 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
$93,174
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,475 |
| Loan Amount | $247,425 |
3.67
YEARS SAVED
$11,234
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,860
LIST RENT -
$1.07
LIST RENT PER SQFT
-
$1,401
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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- $1,400
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- 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 2001
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,495
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LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,500
- $0.80
PROPERTY LISTING DETAILS
1.407.509.9184
Lakeside Realty Windermere Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5921312
Last Updated: 02/06/2021
