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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $178.66
- 125 Days on Market
- MLS # : S5039511
- Updated Date : 01/05/2021 at 12:08
CONSTRUCTION
- Beds : 4
- Floor Size : 1,987 sqft
- Baths : 2 full
Listing Agent
Sunshine Florida Realty, Inc
Listing Agent's Description
Lovely 4 bed/2 bath home on a big lot in the Sought after STONEYBROOK GOLF COMMUNITY with 24 HR GUARD GATE. Located in the desirable Ridgemoor area of Stoneybrook East. , this home features tons of upgrades: wood floors, crown moldings, stainless steel kitchen appliances, maple cabinets,corian counter top, large pantry, fenced yard. Family room features plant shelf and sliders to covered screened lanai. Master suite features hardwood floor and master bath with dual sinks, garden tub, separate shower and walk in closet. Secondary bedrooms, cabana bath plus laundry room.Community facilities include Jr Olympic pool, fitness center, sports courts and fields, and Stoneybrook Golf Course. Conveniently close to A-rated schools, Waterford Lakes Shopping Mall, UCF, highway access to 408, 528 & 417. Property tax amount in this listinig is assessed for a non resitance owner. HOA charges one time ownership transfer fee of $1600 to be paid by the buyer at closing. Please verify HOA for exact amount and by laws. All measurements are estimate please verify with the county for accurate records.
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: Stoneybrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stoneybrook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,233 |
| Property Tax | -$404 | |
| Property Insurance | -$155 | |
| HOA | -$160 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$291
|
||
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.
$355,000
PROJECTED PRICE
$1,790
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 5.7% |
| 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
$99,825
LOAN DETAILS
$1,233
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $88,750 |
| Loan Amount | $266,250 |
1.42
YEARS SAVED
$2,431
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,848
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
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- Rent
- Rent Per SQFT
- $1,790
- $0.90
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14709 Chadbury Ct Orlando, FL 1
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LEASED 03/26/20- Rent
- Rent Per SQFT
- $1,750
- $0.84
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2419 Siward Ave #6 Orlando, FL 2
- 4 beds 2 baths ∙ 1,873 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,873 Sqft ∙ Built 2001
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LEASED 09/20/19- Rent
- Rent Per SQFT
- $1,775
- $0.95
-
14841 Huntley Dr Orlando, FL 4
- 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2001
![property image]()
LEASED 08/21/20- Rent
- Rent Per SQFT
- $1,850
- $1.00
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13612 Podocarpus Ln Orlando, FL 5
- 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 2006
![property image]()
LEASED 08/03/20- Rent
- Rent Per SQFT
- $1,925
- $0.93
PROPERTY LISTING DETAILS
1.407.765.2589
Sunshine Florida Realty, Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5039511
Last Updated: 01/05/2021
