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1718 Maplestead Ct 
Orlando, FL
32824
4 Beds 3 Baths 1,896 sqft
Built 1991
INVESTimate
$294,500
List Price
$83,793
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PROPERTY INFO
FACTS
- Built In 1991
- Price/Sqft : $155.33
- 3 Days on Market
- MLS # : O5887230
- Updated Date : 08/24/2020 at 22:31
CONSTRUCTION
- Beds : 4
- Floor Size : 1,896 sqft
- Baths : 2 full , 1 half
Listing Agent
A2z Realty Group
Listing Agent's Description
One or more photo(s) has been virtually staged. This is a gorgeous 4 bedroom, 2.5 bath pool home. It's the perfect home for entertaining and families! Guests will be wowed as they drive up as there's lots of curb appeal in this cul-de-sac property. Step through the front door and in to a spacious Great Room. The voluminous ceiling gives a light and airy feel to the space. An Eat-In-Kitchen offers tons of cupboard and counter space. Sliding Glass Doors open up on to a huge screened enclosure that has upgraded designed flooring with a beautiful pool area where there is a space perfect for barbecue. Back inside, you'll find three guest rooms and a fantastic Owners Suite that includes walk in closet and custom shelves. The main area has been renovated with new upgraded baseboards, light fixtures, and wood stairs. Stainless applicances included. New roof-only 1 year old with warranty. Located off ofFL-417, you'll find the new Medical Center and OIA are a short drive away.
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: Spring Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Spring Lake
* 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 | $1,810 |
| EXPENSES | Loan Payment | -$1,087 |
| Property Tax | -$329 | |
| Property Insurance | -$149 | |
| HOA | -$18 | |
| Property Management Fees | -$163 | |
|
CASH FLOW
$63
|
||
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.
$294,500
PROJECTED PRICE
$1,810
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 8.12% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$83,793
LOAN DETAILS
$1,087
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $73,625 |
| Loan Amount | $220,875 |
5.25
YEARS SAVED
$19,295
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$1,811
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
1718 Maplestead Ct Orlando, 2
- 4 beds 3 baths ∙ 1,896 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,896 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $1,810
- $0.95
-
14910 Prairie Rose Ct Orlando, 1
- 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1993
LEASED 03/11/20- Rent
- Rent Per SQFT
- $1,750
- $0.86
-
1530 Avleigh Cir Orlando, 3
- 4 beds 3 baths ∙ 1,959 Sqft ∙ Built 1992 4 beds 3 baths ∙ 1,959 Sqft ∙ Built 1992
LEASED 12/01/19- Rent
- Rent Per SQFT
- $1,900
- $0.97
-
1570 Avleigh Cir Orlando, 4
- 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1991
LEASED 02/18/20- Rent
- Rent Per SQFT
- $1,950
- $0.97
-
1728 Elmstead Ct Orlando, 5
- 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,004 Sqft ∙ Built 1991
LEASED 02/12/20- Rent
- Rent Per SQFT
- $2,050
- $1.02
PROPERTY LISTING DETAILS
1.321.443.6994
A2z Realty Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5887230
Last Updated: 08/24/2020
