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2150 Marshall Rd Maitland, FL 32751

3 Beds 2 Baths 2,212 sqft Built 2006

$419,980

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2006
  • Price/Sqft : $189.86
  • 33 Days on Market
  • MLS # : O5903767
  • Updated Date : 12/05/2020 at 10:45
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,212 sqft
  • Baths : 2 full
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

Welcome to a private road that leads you to this three-bedroom, two-bathroom home. Seller’s have recently updated this home starting from the kitchen with new stainless steel appliances, backsplash and granite countertops. Beautiful remodeled master bathroom with new tile, plumbing fixtures and shower. All new lighting, high baseboards, freshly painted inside and outside, and so much more! This home has a spacious sunroom, great for entertainment! The HVAC has been replaced.NO HOA and relatively close to main streets making your commute that much easier.! Move right in! Call today and schedule your private showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Branch

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320kPrice in $70k331k

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

Neighborhood: Branch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001200140016001800200022002400Rent in $8242428

* 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
English Estates Elementary School Primary Regular 829 59 6
South Seminole Middle School Middle Magnet 1,228 79 5
Lake Howell High School High Regular 2,229 117 6

English Estates Elementary School

  • Education Level: Primary
  • # of students: 829
  • # of teachers: 59
6
GreatSchools Rating

South Seminole Middle School

  • Education Level: Middle
  • # of students: 1,228
  • # of teachers: 79
5
GreatSchools Rating

Lake Howell High School

  • Education Level: High
  • # of students: 2,229
  • # of teachers: 117
6
GreatSchools Rating
 

$377,982$461,978$419,980

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,550
Property Tax -$477
Property Insurance -$168
Property Management Fees -$129
CASH FLOW
-$374

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.

$419,980

PROJECTED PRICE

$1,950

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,045

INVESTMENT

$117,045

Down Payment
$104,995
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,995
Loan Amount $314,985
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,164

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,980

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,8953$1,9504$2,0005$2,175
$2,175
RENT COMPS ANALYSIS
  • 2150 Marshall Rd Maitland, FL 3
    • 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.88
    •  
  • 852 N Lake Sterling Ct Casselberry, FL 1
    • 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,110 Sqft ∙ Built 1986
    property image
    LEASED 09/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.71
    •  
  • 1023 Cinnamon Fern Ct Casselberry, FL 2
    • 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,959 Sqft ∙ Built 2003
    property image
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.97
    •  
  • 1510 Drum St Winter Park, FL 4
    • 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,955 Sqft ∙ Built 2005
    property image
    LEASED 05/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 613 Field Club Cir Casselberry, FL 5
    • 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1997
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.88
    •  
PROPERTY LISTING DETAILS
Luisa Monroy-prado
1.321.696.1001
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903767
Last Updated: 12/05/2020
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