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PROPERTY INFO
FACTS
- Single Family
- Built In 2016
- Price/Sqft : $167.42
- 3 Days on Market
- MLS # : O5917255
- Updated Date : 01/16/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,210 sqft
- Baths : 2 full
Listing Agent
Tolaris Realty Group Llc
Listing Agent's Description
You will fall in love with this One -Story Contemporary home built in 2016. This beautifully landscaped Estates of Wekiva home has 3 bedrooms, 2 baths, an office/den, 3 car garage and features a kitchen/family room combo as well as a dining/living room combo. Ceramic tile floors throughout main living areas and Low-E Energy Efficient Double Pane Tilt in Windows. Kitchen has quartz countertops, stainless steel appliances, 42” maple cabinets, large island with breakfast bar, walk-in pantry and breakfast area. The large family room with sliding glass doors guides your attention to a view of your back screened in patio and large fenced in yard. Home offers plenty of open space for family gatherings. French double doors lead you into the large master bedroom with tray ceiling, master bath with granite counter tops and walk-in closet. Two more bedrooms for guests or family with a large 2nd bathroom across the hallway. Plenty of windows allowing for natural light in. Home is in pristine condition and is ready for its new homeowner. This home is nestled among a small community of 31 homes and sits directly across from the tot lot. Make an appointment today to see this home in person and appreciate its beauty. This home will not last, so do not miss out. Conveniently located close to shopping, schools, major highways, and Wekiva State Park. Property may be under audio/video surveillance.
SEE MORE
- 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
Zip Code: 32712
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 32712
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,970 |
| EXPENSES | Loan Payment | -$1,285 |
| Property Tax | -$399 | |
| Property Insurance | -$168 | |
| HOA | -$128 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$139
|
||
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.
$370,000
PROJECTED PRICE
$1,970
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 7.0% |
| 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
$103,800
LOAN DETAILS
$1,285
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $92,500 |
| Loan Amount | $277,500 |
3
YEARS SAVED
$8,581
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,970
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,834
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
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- $1,995
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LEASED 03/15/20- Rent
- Rent Per SQFT
- $2,029
- $0.85
PROPERTY LISTING DETAILS
1.954.618.9218
Tolaris Realty Group Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5917255
Last Updated: 01/16/2021
