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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $175.03
- 52 Days on Market
- MLS # : O5901221
- Updated Date : 12/10/2020 at 14:17
CONSTRUCTION
- Beds : 4
- Floor Size : 1,914 sqft
- Baths : 2 full
Listing Agent
Re/max Vantage
Listing Agent's Description
Awesome UPDATED 4 bedroom on larger corner lot in GATED GOLF community with TONS of added features you won't find elsewhere! BUILT IN PROPANE gas was added for cooking, BBQ grill, dryer and water heater! The layout was reconfigured at build with added bay window, added 3x14 foot bump out to modify the bedroom flow and ADD TONS OF CLOSET SPACE! All bedrooms have additional closets. More features added with build: Cat 5 wiring, additional outlets, larger windows on east side. Other updates and added features include: BRAND NEW ROOF, new laminate flooring and baseboards, newly remodeled bathrooms, master bath Jetted spa tub & gentlemen height vanity, added linen closet & built in storage plus skylight, 2 solar attic fans, updated kitchen with added cabinets, granite, upgraded stainless appliances with new gas stove & microwave; new paint inside and out, knock down ceilings, new light fixtures, skylights, stylish barn door to bedroom 4 which can be used as an office or flex space, AC replaced 2014 under extended warranty, front door and slider 2017,giant extended oversized patio slab plus over 5k in added landscape buffer with French drain too. Community amenities include cable/internet, guard maned gates, Jr Olympic pool, handicap modified clubhouse and sauna, fitness center, clubhouse, playground, walking trails plus basketball, tennis & soccer courts and GOLF for additional fees. Conveniently close to A-rated schools, Waterford Lakes Shopping Mall, University of Central Florida, highway access to 408, 528 & 417 plus just a short drive to beaches and tourist attractions. SAVE TIME AND MONEY : This home already has a completed transferable FHA APPRAISAL at list price! This home has also been inspected and the repairs completed! CLOSE BY YEAR END AND GET YOUR HOMESTEAD TAX EXEMPTION SAVINGS TOO!
SEE MORE
- 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: Stoneybrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stoneybrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$381 | |
| Property Insurance | -$150 | |
| HOA | -$172 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$259
|
||
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.
$335,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 5.7% |
| 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
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
1.67
YEARS SAVED
$4,191
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,799
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
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PROPERTY LISTING DETAILS
1.407.405.0311
Re/max Vantage
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5901221
Last Updated: 12/10/2020
