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PROPERTY INFO
FACTS
- Single Family
- Built In 2006
- Price/Sqft : $136.82
- 3 Days on Market
- MLS # : O5909750
- Updated Date : 12/04/2020 at 17:07
CONSTRUCTION
- Beds : 4
- Floor Size : 2,814 sqft
- Baths : 2 full , 1 half
Listing Agent
L Sali Realty Llc
Listing Agent's Description
Beautiful home, well maintained in Avalon Park. New roof 2 A/C units installed in 2019. Features an open floor plan with a gourmet kitchen, that includes a butler's pantry, desk, and upgraded Corian countertops. Pre-wired for surround system. The formal large dining room well fits a table for 12. The oversized, tiled, screened-in lanai, to extend parties and family gatherings to the outside. Upstairs you will find all bedrooms including a master bath that features a jetted tub and a separate shower. All wood stairs and hallways and tiles throughout the first floor. Must see. Walking distance from downtown Avalon Park, close to 528, 417, Lockheed Martin, and Waterford Lakes shopping center.
SEE MORE
- 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: Avalon Park Northwest Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Avalon Park Northwest Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,420 |
| Property Tax | -$448 | |
| Property Insurance | -$204 | |
| HOA | -$108 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$360
|
||
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.
$385,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 6.3% |
| 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
$107,775
LOAN DETAILS
$1,420
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $96,250 |
| Loan Amount | $288,750 |
1.25
YEARS SAVED
$2,620
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 -
$0.69
LIST RENT PER SQFT
-
$2,160
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
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2224 Abey Blanco Dr Orlando, FL 1
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LEASED 04/08/20- Rent
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- $2,195
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LEASED 08/21/20- Rent
- Rent Per SQFT
- $2,195
- $0.76
PROPERTY LISTING DETAILS
1.407.506.6396
L Sali Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5909750
Last Updated: 12/04/2020
