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2318 Mohawk Trl Maitland, FL 32751

3 Beds 2 Baths 1,736 sqft Built 1963

$499,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1963
  • Price/Sqft : $287.44
  • 19 Days on Market
  • MLS # : O5913036
  • Updated Date : 01/06/2021 at 12:08
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,736 sqft
  • Baths : 2 full
Listing Agent

Kelly Price & Company Llc

Listing Agent's Description

Just Listed! 3 Bedroom, 2 Bath Pool Home in Dommerich! BRAND NEW ROOF! Open layout with separate living, dining, and family room. Spacious kitchen with stainless steel appliances. Travertine floors in living room and all bedrooms, hardwood floors in family room. Updated hall bath with newer vanity. Covered patio. Fenced backyard. 2-car garage. Home is in pristine condition and move-in ready. Available for a quick sale and move-in. Schedule your showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Dommerich Hills North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $110k447k

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

Neighborhood: Dommerich Hills North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10292644

* 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
Dommerich Elementary School Primary Regular 603 40 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Dommerich Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 40
8
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$449,100$548,900$499,000

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 -$1,733
Property Tax -$535
Property Insurance -$140
Property Management Fees -$129
CASH FLOW
-$587

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.

$499,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.39%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.5%
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-$10k-$5.0k$0.0$5.0k

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$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$614

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
  • $1.12

    LIST RENT PER SQFT
  • $1,962

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7253$1,9504$2,1955$2,588
$2,588
RENT COMPS ANALYSIS
  • 2318 Mohawk Trl Maitland, FL 3
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1963 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.12
    •  
  • 578 Lake Howell Rd Maitland, FL 1
    • 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,644 Sqft ∙ Built 1971
    LEASED 04/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.03
    •  
  • 852 Woodside Rd Maitland, FL 2
    • 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1971
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.00
    •  
  • 853 Woodside Rd Maitland, FL 4
    • 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,913 Sqft ∙ Built 1972
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.15
    •  
  • 815 Thunder Trl Maitland, FL 5
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1964
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,588
    • $1.34
    •  
PROPERTY LISTING DETAILS
Kelly Price
1.407.645.4321
Kelly Price & Company Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913036
Last Updated: 01/06/2021
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