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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $171.20
- 7 Days on Market
- MLS # : O5917654
- Updated Date : 01/21/2021 at 19:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,840 sqft
- Baths : 2 full
Listing Agent
Urban City Realty Llc
Listing Agent's Description
Built in 2012 in the well maintain Emerson Park area. This beautiful home owned by 1 owner and is sure to leave a lasting impression. As you enter over the beautifully extended porch and driveway area, you will notice the high ceilings and hallway leading into a spacious open concept living room with a separate dining eating area and a kitchen that features a large island made of granite. The home comes equipped with modern stainless-steel appliances, energy efficient heating a cooling system and double pane windows and sliding doors leading to the completely fenced in back yard. Within the large master-suite you will find a large walk-in closet and a large master bathroom that will make this a place you will want to call home. This home has easy access to the 414 that connects to major highways where you can get to downtown Orlando and theme parks within 25 mins or so. Walking distance to New Apopka Hospital, driving distance to and from shopping centers and local businesses. This home is one to look at. Schedule your appointment today so you can see this beauty!
SEE MORE
- 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.
- 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.
PRICE & RENT TRENDS
Neighborhood: Emerson Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Emerson Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$339 | |
| Property Insurance | -$146 | |
| HOA | -$103 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$39
|
||
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.
$315,000
PROJECTED PRICE
$1,850
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 4.5% |
| 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
$89,225
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
5.42
YEARS SAVED
$18,255
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,950
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
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- $1,838
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913 Berry Leaf Ct Apopka, FL 2
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LEASED 07/07/20- Rent
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- $1,850
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-
365 Willet Ave Apopka, FL 4
- 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2006
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,900
- $0.96
PROPERTY LISTING DETAILS
1.407.802.6290
Urban City Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5917654
Last Updated: 01/21/2021
