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

1548 Natchez Trace Blvd Orlando, FL 32818

3 Beds 2 Baths 2,050 sqft Built 1986

$278,200

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $135.71
  • 8 Days on Market
  • MLS # : O5913428
  • Updated Date : 12/29/2020 at 09:56
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,050 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Cozy 3 bedroom, 2 bathroom, single-family home located in the community of Magnolia Springs in Orlando. This home features an open combination living and dining room with tile flooring. The kitchen boasts granite countertops, wood cabinetry, appliances, and an eat-in kitchenette space. Split bedroom floor plan with a spacious primary bedroom and a private bathroom with granite vanity, and a stand-alone tiled shower. On the other side of the home are 2 generously sized bedrooms and a full bathroom. Sliding glass doors from the living room leads to the screened patio which overlooks the larger fenced backyard. This home features a 2-car garage, low HOA, and is conveniently located to Hwy 50, SR 429, SR 408, Florida Turnpike, shopping, and dining.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Magnolia Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $101k253k

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

Neighborhood: Magnolia Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10281712

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$250,380$306,020$278,200

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,026
Property Tax -$317
Property Insurance -$159
HOA -$44
Property Management Fees -$129
CASH FLOW
-$55

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.

$278,200

PROJECTED PRICE

$1,620

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,473

INVESTMENT

$79,473

Down Payment
$69,550
Rehab Estimate
$5,750
Closing Costs
$4,173

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,026

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,550
Loan Amount $208,650
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$12,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,681

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6203$1,7504$1,7705$1,795
$1,795
RENT COMPS ANALYSIS
  • 1548 Natchez Trace Blvd Orlando, FL 2
    • 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.79
    •  
  • 8534 Sunsprite Ct #no Orlando, FL 1
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1997
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.82
    •  
  • 403 Abbeyridge Ct Ocoee, FL 3
    • 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 1991
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
  • 8555 White Rose Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1989
    property image
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.80
    •  
  • 9161 Pristine Cir Orlando, FL 5
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1987
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
PROPERTY LISTING DETAILS
Veronica Figueroa
1.407.329.9500
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913428
Last Updated: 12/29/2020
BESbswy