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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $173.72
- 3 Days on Market
- MLS # : O5910780
- Updated Date : 12/12/2020 at 16:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,180 sqft
- Baths : 2 full
Listing Agent
Keller Williams Advantage 2 Realty
Listing Agent's Description
WELL MAINTAINED home with OPEN FLOOR PLAN and SPACIOUS FENCED BACKYARD tucked away in the Meadow Oaks community. Simple and neat landscaping welcomes you as you drive up. Once inside, the home immediately opens up to the LIVING ROOM with the DINING ROOM and KITCHEN further back. The openness of this floor plan, paired with the HIGH VAULTED CEILING and natural lighting makes this space feel massive! Access the PATIO and FENCED BACKYARD through the sliding doors. The yard is perfect for grilling and entertaining guests and family, with plenty of room to play or create your own personal relaxing oasis! MASTER BEDROOM features a VAULTED CEILING, WALK-IN CLOSET, and ENSUITE BATHROOM. Two additional bedrooms and bathroom. Carpet and vinyl flooring throughout. One car garage. LOW HOA. ROOF 2018. A/C UNIT 2016. Great location - minutes from the Maitland Blvd Extension and Orange Blossom Trail, Kit Land Nelson Park, CPS Sportsplex, Sam’s Club, Walmart Supercenter, shopping centers, restaurants, entertainment, and more! Come check it out today!
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: Meadow Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadow Oaks
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$756 |
| Property Tax | -$221 | |
| Property Insurance | -$107 | |
| HOA | -$21 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$107
|
||
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.
$204,990
PROJECTED PRICE
$1,340
PROJECTED RENT
0.65%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 8.9% |
| 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
$60,072
LOAN DETAILS
$756
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,248 |
| Loan Amount | $153,743 |
7.58
YEARS SAVED
$22,808
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$1.14
LIST RENT PER SQFT
-
$1,336
COMP ESTIMATED VALUE -
$1.13
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 01/13/20- Rent
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- $1,350
- $1.05
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1357 Woodwind Dr Apopka, FL 3
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LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,375
- $1.17
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1270 Ashworth Dr Apopka, FL 4
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LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,400
- $1.14
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1012 Royal Oaks Dr Apopka, FL 5
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![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,595
- $1.17
PROPERTY LISTING DETAILS
1.321.287.3913
Keller Williams Advantage 2 Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5910780
Last Updated: 12/12/2020
