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PROPERTY INFO
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
- 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
* 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 | $2,120 |
| 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
| 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
$117,050
LOAN DETAILS
$1,459
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $105,000 |
| Loan Amount | $314,999 |
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
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LEASED 06/10/20- Rent
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- $2,350
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LEASED 12/13/20- Rent
- Rent Per SQFT
- $2,350
- $0.83
PROPERTY LISTING DETAILS
1.407.484.7612
Ibr Realty Corp
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5925462
Last Updated: 02/24/2021
