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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $161.70
- 2 Days on Market
- MLS # : O5915735
- Updated Date : 01/09/2021 at 12:07
CONSTRUCTION
- Beds : 3
- Floor Size : 1,778 sqft
- Baths : 2 full
Listing Agent
Abraham Legacy Realty Inc
Listing Agent's Description
This Corner lot Move-In ready magnificent home is just waiting for you to come view and appreciate all that it has to Offer! Starting with the oversized driveway having extra comfortable parking for entertaining family & friends (easily park 6-8 cars + 2 car garage), no need to park on the street. Fresh mulch leads you to the covered front porch and recently painted exterior, which should not be out done by the enormous front yard. Recently painted interior with 3 Bedrooms, 2 Bath with a Den, 2 car garage with closet space, laundry room, stainless steel appliances, new back splash, bare floors throughout, water treatment system, and a wood burning fireplace. Enjoy the added screened in back patio which is big enough to entertain the whole family while they enjoying grilling foods, or just relaxing away enjoying the breeze minus the sunlight. Your oasis awaits with the very large fenced in backyard, resurfaced & freshly painted pool, a shed, and don't forget to invite the friends over to enjoy the fire pit at nighttime! This home is ready for the kiddos to enjoy what a 1/2 acre plus has to Offer. Minutes away from nearby Lakes (Lucy & Stanley) , Publix, Walgreens, La Fitness, and several other popular shopping places. Do not wait, Schedule your private showing today!
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: S and S Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: S and S Acres
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$999 |
| Property Tax | -$328 | |
| Property Insurance | -$142 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$8
|
||
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.
$287,500
PROJECTED PRICE
$1,590
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 11.3% |
| 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
$81,938
LOAN DETAILS
$999
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,875 |
| Loan Amount | $215,625 |
4.58
YEARS SAVED
$13,503
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,422
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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2536 Woodhaven Ct Orlando, FL 4
- 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,778 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,590
- $0.89
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7611 Havenford Ct Orlando, FL 1
- 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1986
LEASED 11/11/19- Rent
- Rent Per SQFT
- $1,300
- $0.80
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2612 Coventry Ln Ocoee, FL 2
- 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,970 Sqft ∙ Built 1988
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,400
- $0.71
-
2711 Coventry Ln Ocoee, FL 3
- 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1990
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,550
- $0.89
-
2613 Coventry Ln Ocoee, FL 5
- 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 1991
LEASED 11/14/19- Rent
- Rent Per SQFT
- $1,650
- $0.80
PROPERTY LISTING DETAILS
1.321.945.6832
Abraham Legacy Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5915735
Last Updated: 01/09/2021
