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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $176.92
- 2 Days on Market
- MLS # : S5046176
- Updated Date : 02/07/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,006 sqft
- Baths : 3 full
Listing Agent
La Rosa Realty Orlando Llc
Listing Agent's Description
This amazing Home starts with 4 bedrooms and 3 bathrooms with 2006 square feet. It flows with an open concept in the common areas and privacy when it comes to the sleeping quarters. It has a master bedroom with a walk in closets. The master bedroom features a shower and separate oversize tub for the days you want to relax and have a glass of wine. Bedroom 4 also has a bathroom for your guest or to be used as an in-law suite. The back yard features an over sized screen porch great for entertaining or just sitting down and reading a good book. The Roof was recently done less than a month ago. The rest of the yard is styling with pavers that making maintenance in the backyard easy and simple. Thats not all. The amenities in this community are amazing as well. The community has a Clubhouse for parties and gatherings, Large pool, state of the art fitness center, tennis courts with lights, basketball courts with light, playground, Restaurant, local convenience store and even Ice cream parlor. This community is in the sought out zip code 32824 and is close to 417 and the turnpike. 12 minutes from the Airport oert and 10 minutes from the coming soon Lake nona Shopping Plaza.
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: Wyndham Lakes Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wyndham Lakes Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,233 |
| Property Tax | -$397 | |
| Property Insurance | -$156 | |
| HOA | -$100 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$65
|
||
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.
$354,900
PROJECTED PRICE
$1,950
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 4.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| 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
$99,799
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,725 |
| Loan Amount | $266,175 |
3.83
YEARS SAVED
$12,563
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,950
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,946
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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- 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 2017
LEASED 11/06/20- Rent
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- $1,950
- $0.99
-
1904 Thetford Cir Orlando, FL 4
- 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2013
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,000
- $0.98
-
14127 Gold Bridge Dr Orlando, FL 5
- 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,061 Sqft ∙ Built 2016
LEASED 07/02/20- Rent
- Rent Per SQFT
- $2,000
- $0.97
PROPERTY LISTING DETAILS
1.407.288.7384
La Rosa Realty Orlando Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5046176
Last Updated: 02/07/2021
