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2090 Allegheny Ct Orlando, FL 32818

3 Beds 2 Baths 1,668 sqft Built 1971

$245,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $146.88
  • 3 Days on Market
  • MLS # : O5927701
  • Updated Date : 03/06/2021 at 00:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,668 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

This Orlando beauty sparkles from the floors to the pool. Enjoy separate living and family rooms in this amply spaced split plan three bedroom, two bathroom home. The screened patio area showcasing the large pool and yard are ideal for relaxing or entertaining. The garage is oversized and provides extra storage space. Don't hesitate to schedule your tour of this well-loved home!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Lonesome Pines

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Lonesome Pines

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951712

* 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
Hiawassee Elementary School Primary Regular 782 50 2
Robinswood Middle School Middle Magnet 1,232 71 2
Evans High School High Magnet 2,355 117 3

Hiawassee Elementary School

  • Education Level: Primary
  • # of students: 782
  • # of teachers: 50
2
GreatSchools Rating

Robinswood Middle School

  • Education Level: Middle
  • # of students: 1,232
  • # of teachers: 71
2
GreatSchools Rating

Evans High School

  • Education Level: High
  • # of students: 2,355
  • # of teachers: 117
3
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$851
Property Tax -$279
Property Insurance -$136
Property Management Fees -$129
CASH FLOW
$6

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.

$245,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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

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$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$12,423

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,460

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,367
1$1,3672$1,4003$1,4504$1,5005$1,595
$1,595
RENT COMPS ANALYSIS
  • 2090 Allegheny Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,668 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.84
    •  
  • 1730 Hinckley Rd Orlando, FL 1
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1972
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,367
    • $0.87
    •  
  • 2204 Owasso Ct Orlando, FL 3
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1958
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 6909 Nawadaha Blvd Orlando, FL 4
    • 4 beds 3 baths ∙ 1,687 Sqft ∙ Built 1968 4 beds 3 baths ∙ 1,687 Sqft ∙ Built 1968
    LEASED 02/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.89
    •  
  • 2370 Locke Ave Orlando, FL 5
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 1980
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
PROPERTY LISTING DETAILS
Ronda Johnson
1.407.702.7675
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5927701
Last Updated: 03/06/2021
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