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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $149.41
- 6 Days on Market
- MLS # : O5907197
- Updated Date : 11/25/2020 at 17:13
CONSTRUCTION
- Beds : 4
- Floor Size : 2,208 sqft
- Baths : 2 full , 1 half
Listing Agent
Ameriteam Realty Inc
Listing Agent's Description
This 2 story home is situated on a oversized lot. There are actually 4 bedrooms on the 2nd floor with 2 full bathrooms. The 4th bedroom also has it's own good size closet. There is also a half bathroom downstairs for guests. The open kitchen features enough space for a kitchen table. The first floor layout includes a separate dining room, living room and the kitchen that connects to a large family room. The kitchen and family room have a great view of the back yard. The home has a lot of storage including a large space underneath the stair case. Great location to shopping and schools.
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: Corner Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Corner Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,840 |
| EXPENSES | Loan Payment | -$1,217 |
| Property Tax | -$375 | |
| Property Insurance | -$168 | |
| HOA | -$33 | |
| Property Management Fees | -$166 | |
|
CASH FLOW
-$119
|
||
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.
$329,900
PROJECTED PRICE
$1,840
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 10.5% |
| 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
$93,174
LOAN DETAILS
$1,217
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,475 |
| Loan Amount | $247,425 |
2.33
YEARS SAVED
$7,054
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,840
LIST RENT -
$0.83
LIST RENT PER SQFT
-
$2,009
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
1912 Corner Meadow Cir Orlando, FL 4
- 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $1,840
- $0.83
-
16609 Corner Lake Dr Orlando, FL 1
- 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2005
![property image]()
LEASED 10/30/20- Rent
- Rent Per SQFT
- $1,695
- $0.90
-
17700 Lily Blossom Ln Orlando, FL 2
- 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,113 Sqft ∙ Built 2006
![property image]()
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,750
- $0.83
-
1845 Corner Meadow Cir Orlando, FL 3
- 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2004
![property image]()
LEASED 08/11/20- Rent
- Rent Per SQFT
- $1,750
- $0.93
-
1967 Corner Glen Dr Orlando, FL 5
- 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,354 Sqft ∙ Built 2005
![property image]()
LEASED 07/07/20- Rent
- Rent Per SQFT
- $2,299
- $0.98
PROPERTY LISTING DETAILS
1.321.217.8999
Ameriteam Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5907197
Last Updated: 11/25/2020
