Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $194.29
- 4 Days on Market
- MLS # : O5906567
- Updated Date : 11/19/2020 at 15:24
CONSTRUCTION
- Beds : 4
- Floor Size : 1,261 sqft
- Baths : 2 full
Listing Agent
Southern Realty Enterprises
Listing Agent's Description
Hard to find MOVE IN READY 4 bedroom home centrally located on a quarter acre of land! Location, Location, Location! This house is centrally located making it easy to get anywhere in Central Florida! 20 min to Disney, 17 min to Universal, 25 min to UCF, 24 min to Clermont, 15 min to downtown Orlando with Turnpike, SR 408 and SR 429 close by! Large fenced in yard with endless opportunity. One of the largest lots in the entire neighborhood. Plenty of space to put a patio, pool, garden, whatever your heart desires! This home has good bones and has been well maintained. Split plan, vaulted ceilings, large garage, and plenty of opportunity to put your special touch on this place!
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
Neighborhood: Westmoor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Westmoor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$904 |
| Property Tax | -$279 | |
| Property Insurance | -$111 | |
| HOA | -$13 | |
| Property Management Fees | -$135 | |
|
CASH FLOW
$58
|
||
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.
$245,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 6.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.82% |
| 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
$70,675
LOAN DETAILS
$904
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $61,250 |
| Loan Amount | $183,750 |
5.17
YEARS SAVED
$15,780
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$1.19
LIST RENT PER SQFT
-
$1,277
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
237 Ashbourne Dr Orlando, FL 4
- 4 beds 2 baths ∙ 1,261 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,261 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $1,500
- $1.19
-
7513 Pacific Heights Cir Orlando, FL 1
- 3 beds 2 baths ∙ 1,221 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,221 Sqft ∙ Built 1989
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,150
- $0.94
-
1840 Columbine Dr #2 Orlando, FL 2
- 4 beds 2 baths ∙ 1,444 Sqft ∙ Built 1973 4 beds 2 baths ∙ 1,444 Sqft ∙ Built 1973
LEASED 06/05/19- Rent
- Rent Per SQFT
- $1,400
- $0.97
-
32 Grand Junction Blvd Orlando, FL 3
- 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,324 Sqft ∙ Built 1987
LEASED 09/01/20- Rent
- Rent Per SQFT
- $1,450
- $1.10
-
7223 Seamans Blf Orlando, FL 5
- 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1982
LEASED 10/09/20- Rent
- Rent Per SQFT
- $1,550
- $1.04
PROPERTY LISTING DETAILS
1.407.505.8348
Southern Realty Enterprises
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5906567
Last Updated: 11/19/2020
