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14113 Islamorada Dr Orlando, FL 32837

4 Beds 3 Baths 2,888 sqft Built 1999

$459,900

List Price

$2,470

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $159.25
  • 7 Days on Market
  • MLS # : O5918480
  • Updated Date : 01/25/2021 at 10:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,888 sqft
  • Baths : 3 full
Listing Agent

Nexthome My Way

Listing Agent's Description

One or more photo(s) has been virtually staged. If location, convenience and access to amenities are important to you, this beautiful house is certainly worth consideration. This charming freestanding house has been tastefully renovated and freshly painted, while retaining its classic period appeal. Inside the home you are welcomed by the cozy living room, with plenty of space and equipped with a ceiling fan, and a beautiful wood burning fireplace, it is a comfortable place to relax. The immaculate open-plan family and dining area incorporate the sleekest of gourmet kitchens into an expansive layout. The large porch with water views is the perfect place to gather with friends and family all year round. The property consists of 4 generous bedrooms, 3 sizeable bathroom, and ample living spaces, offers a separate office PLUS a bonus room. The master’s walk-in robe will not disappoint even the most fashion-conscious person. Shops and public transport are only a few minutes away, total land area of 12,401 SqFt. High ceilings are a prominent feature throughout the home, a remote-controlled garage completes a home entirely in tune with a modern family’s demands. Comfortable living areas; deck and stunning outlook, stylishly BRAND-NEW kitchen with great storage & stainless-steel appliances. Ducted air-conditioning & ceiling fans will keep you cool in your house, carpet in 3 bedrooms for warmth and comfort and with tile on the master bedroom. Beautifully maintained gardens. Privately and separately positioned formal dining with a host of shopping at your doorstep, the lifestyle opportunities are endless. This beautiful home is in a quiet spot close to amenities. This property is certainly unique and warrants an inspection. Call now to arrange a private tour.

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MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

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
West Creek Elementary School Primary Regular 712 51 7
Hunters Creek Middle School Middle Regular 1,060 57 6
Freedom High School High Regular 3,281 149 6

West Creek Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 51
7
GreatSchools Rating

Hunters Creek Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 57
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 3,281
  • # of teachers: 149
6
GreatSchools Rating
 

$413,910$505,890$459,900

PURCHASE PRICE

$2,223$2,717$2,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,470
EXPENSES Loan Payment -$1,597
Property Tax -$514
Property Insurance -$209
HOA -$96
Property Management Fees -$129
CASH FLOW
-$76

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.

$459,900

PROJECTED PRICE

$2,470

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$19,561

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,470

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,491

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4003$2,4004$2,4705$2,595
$2,595
RENT COMPS ANALYSIS
  • 14113 Islamorada Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,888 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,470
    • $0.86
    •  
  • 13029 Islamorada Dr Orlando, FL 1
    • 5 beds 3 baths ∙ 2,808 Sqft ∙ Built 2001 5 beds 3 baths ∙ 2,808 Sqft ∙ Built 2001
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.78
    •  
  • 5215 Los Palma Vista Dr Orlando, FL 2
    • 5 beds 3 baths ∙ 2,784 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,784 Sqft ∙ Built 2002
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 13407 Paloma Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2003
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
  • 13249 Sobrado Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,752 Sqft ∙ Built 2001
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,595
    • $0.94
    •  
PROPERTY LISTING DETAILS
Johnpaul Vazquez Sepulveda
1.407.600.0133
Nexthome My Way
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918480
Last Updated: 01/25/2021
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