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PROPERTY INFO
FACTS
- Single Family
- Built In 1964
- Price/Sqft : $226.74
- 4 Days on Market
- MLS # : O5914075
- Updated Date : 01/01/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,896 sqft
- Baths : 2 full
Listing Agent
Fannie Hillman & Associates
Listing Agent's Description
Three bed / two bath Dommerich home with an oversized (newly screened enclosure) pool and freshly painted pool deck. Newer roof (2017) with new cylinder skylight and updated soffits. All new windows and carpet. House has been re-plumbed. Larger master bath. Granite countertops in kitchen. Large wood burning fireplace. New garage door with remote. Separate room in garage includes washer, dryer and freezer (an access door could easily be put in wall of dining room for access to laundry room) NO septic, public sewer. Dommerich is rich in history with the elementary and middle school on the same campus within walking or biking distance. Also the Maitland Community Park is accessible in back of the neighborhood by a pedestrian boardwalk, which includes tennis courts, playground and nature trails. Top rated Dommerich Elementary, Maitland Middle, and Winter Park High schools.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Highland Park Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Highland Park Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,586 |
| Property Tax | -$474 | |
| Property Insurance | -$149 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$89
|
||
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.
$429,900
PROJECTED PRICE
$2,250
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$119,674
LOAN DETAILS
$1,586
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $107,475 |
| Loan Amount | $322,425 |
4.58
YEARS SAVED
$23,319
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$2,261
COMP ESTIMATED VALUE -
$1.19
COMP AVG. RENT PER SQFT
Comps Range
-
2151 Thunderbird Trl Maitland, FL 2
- 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,896 Sqft ∙ Built 1964
- Rent
- Rent Per SQFT
- $2,250
- $1.19
-
2085 Falmouth Rd Maitland, FL 1
- 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1960
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,775
- $1.04
-
718 Ponca Trl Maitland, FL 3
- 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 1963 3 beds 2 baths ∙ 2,088 Sqft ∙ Built 1963
LEASED 08/14/20- Rent
- Rent Per SQFT
- $2,450
- $1.17
-
2330 Mohawk Trl Maitland, FL 4
- 3 beds 3 baths ∙ 1,995 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,995 Sqft ∙ Built 1962
LEASED 10/05/20- Rent
- Rent Per SQFT
- $2,488
- $1.25
-
1911 Mohican Trl Maitland, FL 5
- 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1967
LEASED 08/20/20- Rent
- Rent Per SQFT
- $2,600
- $1.31
PROPERTY LISTING DETAILS
1.407.719.9180
Fannie Hillman & Associates
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5914075
Last Updated: 01/01/2021
