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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $190.62
- 4 Days on Market
- MLS # : O5921494
- Updated Date : 02/05/2021 at 17:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,311 sqft
- Baths : 2 full
Listing Agent
Keller Williams Advantage 2 Realty
Listing Agent's Description
Light and bright is the best way to describe this adorable 3 bedroom, 2 bath Orlando home! The moment you step inside you're greeted by a sun-filled, wide open floor plan. The newly remodeled kitchen is center stage from the living and dining room and contains stainless appliances including a double oven. The stately master bedroom is behind double doors and features a walk-in closet, large vanity and an enormous sunken shower. This home is move-in ready with new exterior paint, new roof, new glass in the skylights, a new HVAC unit, and new flooring. The super low HOA provides for a neighborhood park, dog walks, and outdoor lighting. Schedule a tour today and explore the possibilities!
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: Dixie Belle
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dixie Belle
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,340 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$310 | |
| Property Insurance | -$114 | |
| HOA | -$54 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$136
|
||
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.
$249,900
PROJECTED PRICE
$1,340
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 12.4% |
| 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
$71,974
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
2.25
YEARS SAVED
$3,757
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,340
LIST RENT -
$1.02
LIST RENT PER SQFT
-
$1,259
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
2016 Winslow Dr Orlando, FL 2
- 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,340
- $1.02
-
2612 Peel Ave Orlando, FL 1
- 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1983
LEASED 09/01/19- Rent
- Rent Per SQFT
- $1,300
- $0.96
PROPERTY LISTING DETAILS
1.407.342.9561
Keller Williams Advantage 2 Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5921494
Last Updated: 02/05/2021
