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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $144.73
- 6 Days on Market
- MLS # : O5926332
- Updated Date : 02/27/2021 at 15:16
CONSTRUCTION
- Beds : 4
- Floor Size : 2,522 sqft
- Baths : 2 full , 1 half
Listing Agent
Orlando Expert Realty Llc
Listing Agent's Description
**NEW ROOF** Immaculate 4 Bedroom, 2 and half bath Home in Westchester, Ocoee, featuring a full upgraded interior, located on a corner lot. Fully fenced backyard with room for entertainment. Screened and custom paved patio with full lighting. The Kitchen has granite countertops, 18" porcelain tiles, stainless steel appliances and upgraded cherry wood 42" cabinets. Faux Blinds on all windows. Granite countertops and porcelain tiles in all bathrooms. Built in Media Center with surround sound system. Custom light fixtures, recessed lighting and ceiling fans. Oversized Master Bedroom with 9 feet tray ceiling. AC replaced in 2016, newer Washer and Dryer, new oven/cooktop, wood burning fireplace, surround sound system with flushed mount ceiling speakers. Full house Ionics filter and softener system. The community has private access to Prairie Lake Park where you have a fishing-friendly lake and playground. Few miles away from 429, 408 and Florida Turnpike. Conveniently located near West Oaks Mall, West Orange Trail, Ocoee Public Golf course and Health Central Hospital, shopping, dining, schools. Call today to schedule your private tour.
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: Westchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westchester
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$461 | |
| Property Insurance | -$187 | |
| HOA | -$58 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$103
|
||
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.
$365,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 7.7% |
| 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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
3.67
YEARS SAVED
$12,278
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,137
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
1817 Bovingdon Ln Ocoee, FL 2
- 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,522 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $2,000
- $0.79
-
1071 Royal Marquis Cir Ocoee, FL 1
- 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2003
LEASED 01/08/20- Rent
- Rent Per SQFT
- $1,850
- $0.83
-
1816 Sparkling Water Cir Ocoee, FL 3
- 4 beds 2 baths ∙ 2,379 Sqft ∙ Built 1995 4 beds 2 baths ∙ 2,379 Sqft ∙ Built 1995
LEASED 09/15/20- Rent
- Rent Per SQFT
- $2,150
- $0.90
-
1461 Terra Verde Way Ocoee, FL 4
- 4 beds 4 baths ∙ 2,840 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,840 Sqft ∙ Built 2017
LEASED 07/25/20- Rent
- Rent Per SQFT
- $2,200
- $0.77
-
2247 Mountain Spruce St Ocoee, FL 5
- 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 1999
LEASED 01/18/21- Rent
- Rent Per SQFT
- $2,200
- $0.89
PROPERTY LISTING DETAILS
1.321.274.6991
Orlando Expert Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5926332
Last Updated: 02/27/2021
