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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $147.01
- 5 Days on Market
- MLS # : O5907035
- Updated Date : 11/19/2020 at 01:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,823 sqft
- Baths : 4 full , 1 half
Listing Agent
Keller Williams Advantage Realty
Listing Agent's Description
Welcome home! This immaculate 5 bedroom, 4 and (1/2) bath, home sits proudly in the extremely desirable gated community of Avalon Lakes. This community offers several incredible amenities. Community pool, playground, and jungle gym make this a perfect neighborhood for an active lifestyle. Opening the front door your eyes are immediately drawn to the stunning Tile floors and 5 1/4" baseboards. Walking in, to your right is your formal living room and dining room. New engineered Bamboo flooring and upgraded baseboards give this room an elegant feel. Through the walkway on your right, you have your stunning open kitchen. Gorgeous 42'' soft close cabinets, granite countertop, and tile backsplash make this a stunning space to prepare food and gather. Connected to the kitchen is your oversized living room. Through the door way in the living room you have your spacious Master suite. The Master suite features upgraded Engineered bamboo flooring and upgraded baseboards. The Master bath has a beautiful garden tub and dual vanities. Up the stairs you come to your oversized loft. The perfect entertainment space or classroom conversion. The 4 additional bedrooms all feature engineered bamboo flooring, upgraded baseboards, and ceiling fans. With so much to offer this home will go quickly.
SEE MORE
- 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.
- 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.
PRICE & RENT TRENDS
Neighborhood: Avalon Lakes Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Avalon Lakes Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,270 |
| EXPENSES | Loan Payment | -$1,531 |
| Property Tax | -$472 | |
| Property Insurance | -$205 | |
| HOA | -$95 | |
| Property Management Fees | -$204 | |
|
CASH FLOW
-$237
|
||
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.
$415,000
PROJECTED PRICE
$2,270
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 8.6% |
| 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
$115,725
LOAN DETAILS
$1,531
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $103,750 |
| Loan Amount | $311,250 |
1.67
YEARS SAVED
$5,815
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,270
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,449
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/10/20- Rent
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- $2,350
- $0.86
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LEASED 04/17/20- Rent
- Rent Per SQFT
- $2,350
- $0.84
-
13533 Hidden Forest Cir Orlando, FL 4
- 5 beds 5 baths ∙ 2,840 Sqft ∙ Built 2006 5 beds 5 baths ∙ 2,840 Sqft ∙ Built 2006
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LEASED 07/28/20- Rent
- Rent Per SQFT
- $2,500
- $0.88
-
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- 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 2002 4 beds 4 baths ∙ 2,922 Sqft ∙ Built 2002
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,600
- $0.89
PROPERTY LISTING DETAILS
1.321.356.4072
Keller Williams Advantage Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5907035
Last Updated: 11/19/2020
