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20814 Yam St Orlando, FL 32833

3 Beds 2 Baths 1,627 sqft Built 1986

$289,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $177.63
  • 3 Days on Market
  • MLS # : O5932989
  • Updated Date : 03/27/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,627 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Spacious oasis! This home truly embraces the open-floor concept. You can see the beautiful pool and deck from moment you step inside. The large living area provides plenty of space to entertain, giving you a great reason to utilize your upgraded kitchen with solid wood cabinets, granite counter-tops and island w/breakfast bar. This home is bright and sunny with plantation shutters throughout to provide maximum light or perfect privacy. A full length screened patio leading out to the fenced backyard and pool creates a private space to unwind from the day. You can have it all with this one. Property is equipped with whole house water softener and filtration system. If you like little adventures, you will enjoy visiting nearby Hal Scott Regional Preserve and Park for nature walks, hiking, biking, camping and fishing.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Cape Orl Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k334k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cape Orl Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10281899

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Wedgefield K-8 School Primary Regular NA
Wedgefield K-8 School Middle Regular NA
East River High School High Regular 1,957 96 5

Wedgefield K-8 School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Wedgefield K-8 School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

East River High School

  • Education Level: High
  • # of students: 1,957
  • # of teachers: 96
5
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,004
Property Tax -$329
Property Insurance -$133
Property Management Fees -$129
CASH FLOW
$35

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.

$289,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.7%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,004

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$17,755

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,630

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,660

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6303$1,6504$1,7005$1,750
$1,750
RENT COMPS ANALYSIS
  • 20814 Yam St Orlando, FL 2
    • 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.00
    •  
  • 20810 Marlin St Orlando, FL 1
    • 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1984
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
  • 2530 Abbey Ave #4 Orlando, FL 3
    • 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2002
    property image
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 2233 Baker Ave Orlando, FL 4
    • 4 beds 2 baths ∙ 1,552 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,552 Sqft ∙ Built 1990
    property image
    LEASED 06/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.10
    •  
  • 20514 Marlin St Orlando, FL 5
    • 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,572 Sqft ∙ Built 1994
    property image
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
PROPERTY LISTING DETAILS
Diane Harris
1.407.955.2827
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5932989
Last Updated: 03/27/2021
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