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14319 E Lake Mary Jane Rd Orlando, FL 32832

3 Beds 2 Baths 2,093 sqft Built 1984

$441,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $210.70
  • 50 Days on Market
  • MLS # : O5896852
  • Updated Date : 11/20/2020 at 14:14
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,093 sqft
  • Baths : 2 full
Listing Agent

Re/max Town & Country Realty

Listing Agent's Description

14319 E Lake Mary Jane is ready for its new owners! If you are seeking a 1 acre property with no HOA this is the one to see! The convenient location in a secluded yet close to major roadways cannot be beat! As you enter the gate of this fully fenced property, you will notice the beautiful architecture of the home. The home sits squarely on this lot with gorgeous trees and ample driveway space. Just beautiful! Tons of space to store all your toys and cars. There is even a RV storage area with electricity connection to the left of the property. As you enter this 3 bedroom 2 bath home you will notice the very open family room/dining area with a direct view to the large screened in pool patio area (perfect for entertaining). The kitchen is a good size and does have space for casual eat-in dining. This is a split floor plan home where the master bedroom and bath are on one side of the home and the guest bedrooms are on the other side of the home. The master bath has been updated. All the appliances stay and are newer. A new roof was just installed April 2020. The drain field and water filtration system were also replaced. Make plans to see this home today!

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 32832

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k385k

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

Zip Code: 32832

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292276

* 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
Moss Park Elementary School Primary Regular 1,318 96 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Moss Park Elementary School

  • Education Level: Primary
  • # of students: 1,318
  • # of teachers: 96
8
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$396,900$485,100$441,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,627
Property Tax -$511
Property Insurance -$161
Property Management Fees -$192
CASH FLOW
-$361

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.

$441,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.5%
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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$122,615

INVESTMENT

$122,615

Down Payment
$110,250
Rehab Estimate
$5,750
Closing Costs
$6,615

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,627

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $110,250
Loan Amount $330,750
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,831

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,591

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$2,130
$2,130
RENT COMPS ANALYSIS
  • 14319 E Lake Mary Jane Rd Orlando, FL 2
    • 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $1.02
    •  
  • 14423 Conifer Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 2,379 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,379 Sqft ∙ Built 1987
    LEASED 06/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.76
    •  
PROPERTY LISTING DETAILS
Belinda Gonzales
1.321.277.8994
Re/max Town & Country Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5896852
Last Updated: 11/20/2020
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