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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $146.29
- 2 Days on Market
- MLS # : O5913365
- Updated Date : 12/27/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,914 sqft
- Baths : 2 full
Listing Agent
Preferred Realty Of Florida
Listing Agent's Description
Welcome home! 3 bedroom and 2 bathroom home conveniently located in a quiet established neighborhood that's close to everything! This well maintained home was recently updated; completely painted exterior, roof 2015, newer double-pane windows, new laminate flooring, newer stainless steel appliances, ceiling fans and fencing. Large master bedroom with a walk in closet, master bathroom boasts a dual sink vanity, garden tub, and separate shower. Additional features include a Florida room, 2-car garage and extra long driveway. Conveniently located, close to schools, shopping, restaurants, Waterford towns center, Avalon Park, and so much more! Bring your golf clubs, Fairways Golf Course is practically in your backyard!
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Sandy Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sandy Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$318 | |
| Property Insurance | -$150 | |
| HOA | -$18 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$108
|
||
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.
$280,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 8.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.82% |
| 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
$79,950
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
3.25
YEARS SAVED
$8,558
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,601
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 10/10/20- Rent
- Rent Per SQFT
- $1,645
- $0.88
PROPERTY LISTING DETAILS
1.407.448.2427
Preferred Realty Of Florida
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5913365
Last Updated: 12/27/2020
