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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $189.50
- 3 Days on Market
- MLS # : O5924081
- Updated Date : 02/19/2021 at 22:56
CONSTRUCTION
- Beds : 3
- Floor Size : 2,533 sqft
- Baths : 2 full , 1 half
Listing Agent
Agl Brokerage Corp
Listing Agent's Description
Located in the idyllic Winter Garden, just a mile away from the new Hamlin Town Center. This beautiful family home featuring, an open kitchen concept with 42" kitchen cabinets with crown molding (top and bottom), upgraded rounded walls, a formal living room and dining room, engineered luxury vinyl flooring throughout the house. It has a large fenced backyard, 27x10 covered patio, 6" upgraded baseboards and light fixtures throughout the entire house. The stairs have been upgraded with wood and iron railing. The bonus room upstairs, can easy be converted into a 4th bedroom. This house was meant for entertaining family and friends! This property will not last long! This is a must see! Please use AS-IS FAR contract.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Zip Code: 34787
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34787
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,310 |
| EXPENSES | Loan Payment | -$1,667 |
| Property Tax | -$528 | |
| Property Insurance | -$188 | |
| HOA | -$146 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$348
|
||
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.
$480,000
PROJECTED PRICE
$2,310
PROJECTED RENT
0.48%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 6.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$132,950
LOAN DETAILS
$1,667
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $120,000 |
| Loan Amount | $360,000 |
1.67
YEARS SAVED
$5,037
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,310
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,356
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
-
14146 Jazz Dr Winter Garden, FL 4
- 3 beds 3 baths ∙ 2,533 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,533 Sqft ∙ Built 2018
- Rent
- Rent Per SQFT
- $2,310
- $0.91
-
4314 Indian Deer Rd Windermere, FL 1
- 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,412 Sqft ∙ Built 2006
LEASED 02/27/20- Rent
- Rent Per SQFT
- $2,200
- $0.91
-
4468 Blue Major Dr Windermere, FL 2
- 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006
LEASED 07/13/20- Rent
- Rent Per SQFT
- $2,250
- $0.93
-
14013 Pecan Orchard Dr Winter Garden, FL 3
- 3 beds 2 baths ∙ 2,530 Sqft ∙ Built 2017 3 beds 2 baths ∙ 2,530 Sqft ∙ Built 2017
LEASED 08/07/20- Rent
- Rent Per SQFT
- $2,295
- $0.91
-
4709 Indian Deer Rd Windermere, FL 5
- 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2005
LEASED 05/13/20- Rent
- Rent Per SQFT
- $2,350
- $0.97
PROPERTY LISTING DETAILS
1.407.496.1833
Agl Brokerage Corp
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5924081
Last Updated: 02/19/2021
