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PROPERTY INFO
FACTS
- Single Family
- Built In 1996
- Price/Sqft : $154.69
- 8 Days on Market
- MLS # : O5925079
- Updated Date : 02/26/2021 at 10:41
CONSTRUCTION
- Beds : 3
- Floor Size : 1,545 sqft
- Baths : 2 full
Listing Agent
Keller Williams At The Parks
Listing Agent's Description
Great opportunity for new homeowners! The home is located in the desirable Country Chase Subdivision! Upon entering the home you will notice the open layout and high ceilings. Amazing floorplan with 3 Bedrooms, 2 Bathrooms and 2 Car Garage, perfect for entertaining family and friends! Eat-in Kitchen, Split Plan and Laundry Room are some of the features of this home. Large Master bedroom and Master bathroom with dual sink vanity, garden tub and walk-in shower. Another great feature of this home is the large fenced-in backyard to provide privacy. 4 Minutes to Walmart and Sam's Club on West Colonial. Also near Home Depot, Lowe's, shopping, restaurants and West Oaks mall with AMC 14 Cinema, Health Central hospital and public library. 15 min from I-4 and 10 minutes from Route 429 to Disneyworld. Come see this home today !!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Country Chase
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Country Chase
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,490 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$274 | |
| Property Insurance | -$128 | |
| HOA | -$16 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$113
|
||
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.
$239,000
PROJECTED PRICE
$1,490
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 11.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.82% |
| 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
$69,085
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $59,750 |
| Loan Amount | $179,250 |
7.25
YEARS SAVED
$20,975
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,490
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,367
COMP ESTIMATED VALUE -
$0.89
COMP AVG. RENT PER SQFT
Comps Range
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1871 Tillstream Dr Orlando, FL 3
- 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,545 Sqft ∙ Built 1996
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- $1,490
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8061 Windy Hill Way Orlando, FL 1
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LEASED 10/23/20- Rent
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- $1,395
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1713 Tillstream Dr Orlando, FL 2
- 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,746 Sqft ∙ Built 1996
LEASED 01/08/21- Rent
- Rent Per SQFT
- $1,450
- $0.83
-
7963 Village Green Rd Orlando, FL 4
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1988
LEASED 10/29/20- Rent
- Rent Per SQFT
- $1,495
- $0.93
-
1748 Brightmeadow Ct Orlando, FL 5
- 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1988
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,550
- $0.92
PROPERTY LISTING DETAILS
1.407.992.5808
Keller Williams At The Parks
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5925079
Last Updated: 02/26/2021
