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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $148.81
- 2 Days on Market
- MLS # : O5906091
- Updated Date : 11/15/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,614 sqft
- Baths : 3 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
Beautiful 4 bed, 3 bathroom, two-story home in the wonderful community of University Estates! Upon entering this home one will immediately notice its spacious living room with high ceilings, decorative fireplace, arched windows and formal dining room. The main level also features a large, open kitchen that boasts stainless steel appliances, granite countertops, a center island, and an eat-in kitchen nook. The spacious family room is designed with french doors leading to the outdoor space. The second story of the home features the primary bedroom and a private bathroom with double vanity sinks, garden bathtub, a separate tiled shower, and a walk-in closet. Outside the primary bedroom are 3 generously sized bedrooms, and a full bathroom. The outdoor space includes a covered patio that overlooks the large backyard. University Estates is conveniently located near SR 417, SR 408, and is an easy commute downtown Orlando, Orlando International Airport, University of Central Florida (UCF), Research Park, and Waterford Lakes Town Center.
SEE MORE
- 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
Neighborhood: University Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: University Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,435 |
| Property Tax | -$442 | |
| Property Insurance | -$192 | |
| HOA | -$78 | |
| Property Management Fees | -$203 | |
|
CASH FLOW
-$101
|
||
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.
$389,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 5.0% |
| 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
$108,835
LOAN DETAILS
$1,435
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $97,250 |
| Loan Amount | $291,750 |
3.25
YEARS SAVED
$12,651
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,483
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
14736 Burntwood Cir Orlando, FL 2
- 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $2,250
- $0.86
-
14922 Lymington Cir Orlando, FL 1
- 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,457 Sqft ∙ Built 1994
LEASED 07/20/20- Rent
- Rent Per SQFT
- $2,195
- $0.89
-
14606 Gainesborough Dr Orlando, FL 3
- 4 beds 3 baths ∙ 2,449 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,449 Sqft ∙ Built 1993
LEASED 09/03/20- Rent
- Rent Per SQFT
- $2,400
- $0.98
-
4907 Blackburn Ct #1 Orlando, FL 4
- 4 beds 3 baths ∙ 2,533 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,533 Sqft ∙ Built 1995
LEASED 10/26/20- Rent
- Rent Per SQFT
- $2,433
- $0.96
-
14360 Stamford Cir Orlando, FL 5
- 4 beds 4 baths ∙ 2,727 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,727 Sqft ∙ Built 1993
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,650
- $0.97
PROPERTY LISTING DETAILS
1.407.329.9500
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5906091
Last Updated: 11/15/2020
