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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $182.03
- 105 Days on Market
- MLS # : O5895165
- Updated Date : 12/19/2020 at 16:02
CONSTRUCTION
- Beds : 3
- Floor Size : 2,554 sqft
- Baths : 2 full
Listing Agent
Realty Plus
Listing Agent's Description
Over 2,550 square feet of living area. Room for a 4th bedroom. Almost 1/2 acre secluded lot. No HOA. One owner custom built home. Step-saver kitchen, solid wood cabinets, granite countertops, stainless appliances. Formal dining room. Recreation/game room - 25ft. by 13ft. (Billiards table negotiable.) Central A/C. 4 ton 13 SEER air conditioning system. Brick exterior over block. Gas or Wood Fireplace w/electric blower & log storage closets. Game room with space for a pool table, exercise equipment, tall table and stools, dry bar etc.. Family room and game room feature surround sound speakers. Double hung windows have "push button release" for easy removal for cleaning. Jetted Hot Tub (220Volt) on spacious screen enclosed patio seats 6. Floored storage space in attic above garage. Large exterior storage shed. Block walls between garage and interior space. Roof is new this month. 4 zone lawn irrigation. Irrigation pump is fed by two wells. Cable outlets available throughout the home. OVERSIZED 2 car garage with cabinets. Additional carport with space for 3 automobiles. Owner is original builder and has taken extra measures to ensure a quality and comfortable home. Washer and dryer stay. Piano & TV do not convey.
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: Greenfield Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Greenfield Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,090 |
| EXPENSES | Loan Payment | -$1,615 |
| Property Tax | -$529 | |
| Property Insurance | -$189 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$371
|
||
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.
$464,900
PROJECTED PRICE
$2,090
PROJECTED RENT
0.45%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 8.4% |
| 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
$128,949
LOAN DETAILS
$1,615
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $116,225 |
| Loan Amount | $348,675 |
1.33
YEARS SAVED
$2,773
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,090
LIST RENT -
$0.82
LIST RENT PER SQFT
-
$2,235
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
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1909 Lake Margaret Dr Orlando, FL 3
- 3 beds 2 baths ∙ 2,554 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,554 Sqft ∙ Built 1986
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- Rent
- Rent Per SQFT
- $2,090
- $0.82
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2502 Vine St Orlando, FL 1
- 4 beds 2 baths ∙ 2,417 Sqft ∙ Built 1969 4 beds 2 baths ∙ 2,417 Sqft ∙ Built 1969
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LEASED 01/27/20- Rent
- Rent Per SQFT
- $1,850
- $0.77
-
625 Buckminster Cir Orlando, FL 2
- 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,430 Sqft ∙ Built 1998
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $2,000
- $0.82
-
3420 Herringridge Dr Orlando, FL 4
- 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,458 Sqft ∙ Built 2005
![property image]()
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,200
- $0.90
-
1316 Francis Ave Orlando, FL 5
- 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,480 Sqft ∙ Built 2006
![property image]()
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.01
PROPERTY LISTING DETAILS
1.407.484.0268
Realty Plus
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5895165
Last Updated: 12/19/2020
