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PROPERTY INFO
FACTS
- Single Family
- Built In 2015
- Price/Sqft : $160.20
- 2 Days on Market
- MLS # : S5047474
- Updated Date : 03/07/2021 at 00:36
CONSTRUCTION
- Beds : 4
- Floor Size : 2,447 sqft
- Baths : 2 full , 1 half
Listing Agent
Elite Sales Group, Inc
Listing Agent's Description
This is your dream house!! Welcome to Wyndham Lakes Estates.You will fall in love with this magnificent home! Elegant two-story house, 4 bedrooms 2 1/2 bathrooms on this unique oversized Lot, with a preserve area on the back. Upon entering you will be greeted by a completely tiled first floor with a large living/dining room, personalized lighting project, plus an integrated BOSE Sound System, a fancy wood backdrop with a fireplace was especially designed for the Family room, the 1/2 bathroom was completely renovated. The home's kitchen also offers granite counters in addition to stainless steel appliances and a pantry. SMART HOUSE with Google NEST installed, including controlling the A/C thermostat, locking/unlocking the door, cameras. The exterior has an oversized covered patio with an insulated screen porch where you can sit, relax and enjoy the better sunset, as if all this wasn't enough, the bonuses continue, a magnificent summer kitchen and an impressive fenced backyard, with an automated irrigation system that you can control by your cell phone. SOLAR PANELS installed in 2018 included. All 4 bedrooms are located on the second floor, with an upgraded vinyl floor, the master suite includes a walk- in closet and an impressive bathroom with double sink vanity, the laundry room is conveniently located on the second floor with The community offers an abundance of amenities like the Playground, Club House, a Fitness Center, Aerobics, Swimming Pool, basketball and tennis courts. Great location with easy access to Orlando International Airport, Amusement Parks, shopping and dining.
SEE MORE
- 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.
- 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.
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 | $2,060 |
| EXPENSES | Loan Payment | -$1,362 |
| Property Tax | -$438 | |
| Property Insurance | -$182 | |
| HOA | -$100 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$151
|
||
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.
$392,000
PROJECTED PRICE
$2,060
PROJECTED RENT
0.53%
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
$109,630
LOAN DETAILS
$1,362
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,000 |
| Loan Amount | $294,000 |
2.92
YEARS SAVED
$8,908
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,060
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$2,049
COMP ESTIMATED VALUE -
$0.84
COMP AVG. RENT PER SQFT
Comps Range
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- $2,195
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PROPERTY LISTING DETAILS
1.407.747.3476
Elite Sales Group, Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5047474
Last Updated: 03/07/2021
