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1608 Nestlewood Trl 
Orlando, FL
32837
4 Beds 3 Baths 2,373 sqft
Built 2000
INVESTimate
$398,800
List Price
$111,432
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PROPERTY INFO
FACTS
- Built In 2000
- Price/Sqft : $168.06
- 2 Days on Market
- MLS # : S5038757
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 4
- Floor Size : 2,373 sqft
- Baths : 2 full , 1 half
Listing Agent
Agent Trust Realty Corporation
Listing Agent's Description
A beautifully well laid-out home in the very sought-out Falcon Trace subdivision. This property has been upgraded and renovated in almost every capacity. The floor plan flows nicely around the home as it allows for multiple areas of comfort and living. Upgrades made to the home include freshly painted walls on both levels. New crown molding has been installed in every space in the home. The kitchen is sleek and modern with plenty of windows for natural light to enter. There is a small enclosed porch in the back of the home followed by a very big yard that has a direct view to the lake. New flooring on the second level has been recently installed. The roof was replaced only two years ago so it is in brand new condition. The A/C unit is also fairly new as it was replaced only 3 years ago. The home is located in one of the best areas of central Florida. Only a 5 minute drive from Hunters Creek town center. This is an area with every commercial and residential commodity you could wish for. Multiple parks with access to playgrounds, sport fields. courts, and trails. Major shopping centers such as Target, Publix, and The fresh market are only a five minute drive away. Countless restaurants and places for comfort and nightlife are located very nearby. The schools in the area are highly rated and safe for the youth in this and nearby subdivisions. The home has been kept is great condition and has been constantly maintained and upgraded to ensure a modern look and feel for the residents of this property.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Falcon Trace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Falcon Trace
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,980 |
| EXPENSES | Loan Payment | -$1,471 |
| Property Tax | -$446 | |
| Property Insurance | -$178 | |
| HOA | -$29 | |
| Property Management Fees | -$178 | |
|
CASH FLOW
-$323
|
||
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.
$398,800
PROJECTED PRICE
$1,980
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 5.68% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,432
LOAN DETAILS
$1,471
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,700 |
| Loan Amount | $299,100 |
0.83
YEARS SAVED
$1,738
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,980
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$1,993
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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1608 Nestlewood Trl Orlando, 3
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- $1,875
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- 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 2001
LEASED 07/22/20- Rent
- Rent Per SQFT
- $2,000
- $0.89
-
13821 Amberleigh Rd Orlando, 5
- 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 1998
LEASED 05/20/20- Rent
- Rent Per SQFT
- $2,300
- $0.91
PROPERTY LISTING DETAILS
1.407.251.0669
Agent Trust Realty Corporation
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5038757
Last Updated: 08/26/2020
