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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $151.54
- 3 Days on Market
- MLS # : O5921831
- Updated Date : 02/06/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,303 sqft
- Baths : 3 full
Listing Agent
Premium Properties R.e Service
Listing Agent's Description
Location, Location, Location! This beautiful pool home in the sought after Southchase community offers over 2,300 square feet of living space including 4 bedrooms, 3 full baths, and a spacious 2 car garage. The house has an open split floor plan featuring a large master bedroom with a walk-in closet, En Suite with dual sinks, a garden bathtub and separate shower area. The functional kitchen offers plenty of cabinet space, includes a nook for an eat in area and features stainless steel appliances, and a breakfast bar. The back yard boasts a covered entertainment area with a screened enclosure and an amazing LOW MAINTENANCE SALTWATER pool that offers both a solar and an electrical heat pump for enjoying this gorgeous pool and spa year-round. This home is energy efficient and comes with WHOLE HOUSE SOLAR, an 80-gallon solar hot water heater, R30 insulation and an attic fan which keeps your ENERGY COST TO A MINIMUM depending on usage and sun coverage. This home is conveniently located close to all major highways including 417, 528 and the Turnpike. South Orlando offers plenty of shopping including Crosslands, The Loop & The Florida Mall along with an abundance of multicultural dining options. Call me today to find out how you can OWN this HOME!
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
Zip Code: 32837
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 32837
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,120 |
| EXPENSES | Loan Payment | -$1,212 |
| Property Tax | -$405 | |
| Property Insurance | -$174 | |
| HOA | -$33 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$166
|
||
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.
$349,000
PROJECTED PRICE
$2,120
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 7.2% |
| 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
$98,235
LOAN DETAILS
$1,212
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
7.42
YEARS SAVED
$31,853
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$2,142
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 08/29/20- Rent
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- $2,100
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LEASED 09/14/20- Rent
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- $2,300
- $0.98
PROPERTY LISTING DETAILS
1.407.757.4300
Premium Properties R.e Service
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5921831
Last Updated: 02/06/2021
