Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

14148 Morning Frost Dr Orlando, FL 32828

5 Beds 5 Baths 2,840 sqft Built 2005

$419,999

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $147.89
  • 6 Days on Market
  • MLS # : O5925462
  • Updated Date : 02/24/2021 at 17:25
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,840 sqft
  • Baths : 4 full , 1 half
Listing Agent

Ibr Realty Corp

Listing Agent's Description

Captivating 5 bedrooms 4 and a half bath solar-powered home with pond view and new roof located in amenity-rich, gated Avalon Lakes neighborhood. This house checks off all the boxes and has been updated with all the luxurious finishes imaginable including stainless steel appliances, granite countertops, 42” shaker cabinets, ceramic tile downstairs, laminate flooring upstairs, and a large screen enclosed patio. The downstairs offers an open concept with a spacious formal living room that leads into the remodeled kitchen and family room. The downstairs master suite offers the perfect retreat with ample space to relax and enjoy the gentle views of the pond. The spotless master bathroom has double sinks, a garden tub, and a stand-up shower with plenty of storage. Upstairs there is even more space to entertain with a massive loft and 4 ample bedrooms with three bathrooms. With over 3,000 square feet this house has an average electricity bill of $60 a month and comes with a water softener that makes all water in the house potable. All of this located in one of the most sought-after neighborhoods in Orlando with its large community pool, gym, sand volleyball court, tennis courts, basketball courts, playgrounds, and walking trails.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Avalon Lakes Village

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k335k

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

Neighborhood: Avalon Lakes Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292089

* 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
Timber Lakes Elementary School Primary Regular 897 59 9
Timber Springs Middle School Middle Regular NA
Timber Creek High School High Regular 3,132 161 8

Timber Lakes Elementary School

  • Education Level: Primary
  • # of students: 897
  • # of teachers: 59
9
GreatSchools Rating

Timber Springs Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$377,999$461,999$419,999

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,459
Property Tax -$478
Property Insurance -$193
HOA -$95
Property Management Fees -$129
CASH FLOW
-$234

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.

$419,999

PROJECTED PRICE

$2,120

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $314,999
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,731

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,229

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$2,049
1$2,0492$2,1203$2,2904$2,3505$2,350
$2,350
RENT COMPS ANALYSIS
  • 14148 Morning Frost Dr Orlando, FL 2
    • 5 beds 5 baths ∙ 2,630 Sqft ∙ Built 2005 5 beds 5 baths ∙ 2,630 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.81
    •  
  • 1589 Malon Bay Dr Orlando, FL 1
    • 4 beds 4 baths ∙ 2,495 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,495 Sqft ∙ Built 2006
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,049
    • $0.82
    •  
  • 13320 Summer Rain Drive Orlando, FL 3
    • 5 beds 3 baths ∙ 2,613 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,613 Sqft ∙ Built 2004
    LEASED 06/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.88
    •  
  • 16026 Oak Spring Dr Orlando, FL 4
    • 4 beds 4 baths ∙ 2,732 Sqft ∙ Built 2006 4 beds 4 baths ∙ 2,732 Sqft ∙ Built 2006
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.86
    •  
  • 13419 Summer Rain Dr Orlando, FL 5
    • 5 beds 5 baths ∙ 2,823 Sqft ∙ Built 2005 5 beds 5 baths ∙ 2,823 Sqft ∙ Built 2005
    LEASED 12/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.83
    •  
PROPERTY LISTING DETAILS
Rafael Ferreira
1.407.484.7612
Ibr Realty Corp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5925462
Last Updated: 02/24/2021
BESbswy