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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $183.37
- 6 Days on Market
- MLS # : O5913559
- Updated Date : 12/30/2020 at 18:34
CONSTRUCTION
- Beds : 3
- Floor Size : 1,527 sqft
- Baths : 2 full
Listing Agent
Smith Mcintosh Properties, Inc
Listing Agent's Description
Located in sought-after Winter Park, this Seminole County home is centrally located near the 417 which provides easy access to downtown Orlando and I-4. The community of Autumn Glen features a waterfront tennis court, playground, and picnic area. This single-story, split-floorplan home could be perfect for entertaining the family or guest with its own pool, hot tub, and potentially a game room within the family room. Call today to schedule your showing!
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: Autumn Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Autumn Glen
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$284 | |
| Property Insurance | -$127 | |
| HOA | -$43 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$3
|
||
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
$1,620
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 11.3% |
| 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
$79,950
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
5.67
YEARS SAVED
$20,616
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 -
$1.06
LIST RENT PER SQFT
-
$1,630
COMP ESTIMATED VALUE -
$1.07
COMP AVG. RENT PER SQFT
Comps Range
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- 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1990
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- $1,830
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LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,895
- $1.15
PROPERTY LISTING DETAILS
1.256.658.6378
Smith Mcintosh Properties, Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5913559
Last Updated: 12/30/2020
