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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $142.91
- 9 Days on Market
- MLS # : O5901638
- Updated Date : 10/26/2020 at 12:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,307 sqft
- Baths : 2 full , 1 half
Listing Agent
Sand Dollar Realty Group Inc
Listing Agent's Description
One or more photo(s) has been virtually staged. Beautiful turn key home, featuring 2,307 square feet of living space with 4 spacious bedrooms, loft, laundry room on ground floor and 2.5 baths, two car garage. The tiled entry welcomes you into this beautiful home and into the formal living room. High ceilings throughout. The kitchen with its bright white cabinets, high ceilings, Corian countertops and large kitchen island, makes a great place for entertaining and for family to gather and enjoy. Master bedroom is located on the ground floor, with a spacious bathroom and walk-in closet. Upstairs leads to three more bedrooms and the loft that is great for family spend quality time playing games or watching TV. Close to Theme Parks, Medical City, Amazon, Orlando International Airport, Lake Nona Sports, Performance District Award-winning restaurants & great shopping. Orlando Airport (5 Miles/10 Min.) Medical City (3 Miles/5-10 Min.), Disney World (15 Miles/20 min.), SeaWorld (14 Miles/20 min.), Universal Studios(18 Miles/25 Min.), Downtown Orlando (20 Miles/25 Minutes).
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
Neighborhood: La Cascada
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: La Cascada
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,000 |
| EXPENSES | Loan Payment | -$1,216 |
| Property Tax | -$369 | |
| Property Insurance | -$174 | |
| HOA | -$32 | |
| Property Management Fees | -$180 | |
|
CASH FLOW
$28
|
||
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.
$329,700
PROJECTED PRICE
$2,000
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 7.9% |
| 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
$93,121
LOAN DETAILS
$1,216
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,425 |
| Loan Amount | $247,275 |
4.42
YEARS SAVED
$17,568
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$2,203
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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2177 Victoria Falls Dr Orlando, FL 2
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- $2,000
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1911 Canoe Creek Falls Dr Orlando, FL 1
- 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,287 Sqft ∙ Built 2006
LEASED 02/20/20- Rent
- Rent Per SQFT
- $1,995
- $0.87
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2026 Beacon Landing Cir Orlando, FL 3
- 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2017
LEASED 06/24/20- Rent
- Rent Per SQFT
- $2,100
- $1.00
-
2080 Beacon Landing Cir Orlando, FL 4
- 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,190 Sqft ∙ Built 2014
LEASED 04/18/20- Rent
- Rent Per SQFT
- $2,175
- $0.99
-
15054 Lake Nona Blvd Orlando, FL 5
- 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,491 Sqft ∙ Built 2016
LEASED 09/01/20- Rent
- Rent Per SQFT
- $2,400
- $0.96
PROPERTY LISTING DETAILS
1.407.389.7318
Sand Dollar Realty Group Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5901638
Last Updated: 10/26/2020
