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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $170.20
- 3 Days on Market
- MLS # : O5915396
- Updated Date : 01/09/2021 at 12:08
CONSTRUCTION
- Beds : 4
- Floor Size : 2,027 sqft
- Baths : 3 full
Listing Agent
Olde Town Brokers Inc
Listing Agent's Description
Beautiful 4 Bedroom, 3 Bath home in Wyndham Lakes Estates - Preston Point! Built in 2012, pride in ownership shines through in this immaculate and inviting home. Features include an Open Floor Plan with easy care Ceramic Tile throughout, Split Bedrooms, 3 full baths, Indoor Laundry Room, and large attached 2-car garage. The kitchen is beautifully equipped with wood cabinets, GE stainless steel appliances, gorgeous granite countertops and contemporary glass backsplash. The Dining and Family room overlooks the fully fenced backyard and wooded Conservation Area. A new paver patio extends beyond the screened lanai offering a relaxing outdoor entertainment area. The Conservation Area abutting the property offers plenty of entertainment watching the Deer, Bunnies, and Birds as they visit. Roof was replaced in July of 2020. Exterior recently painted. The Community of Wyndham Lakes Estates offers a Pool, Fitness Center, Playground, and Clubhouse and many opportunities for neighbors to get together. Conveniently located near Lake Nona Medical Center, Sports Center-USTA, Orlando International Airport, Theme Parks. Quick Access to 417, I-4 and the Turnpike. Make your appointment today and Get Busy Living!
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: Wyndham Lakes Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Wyndham Lakes Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,950 |
| EXPENSES | Loan Payment | -$1,198 |
| Property Tax | -$386 | |
| Property Insurance | -$157 | |
| HOA | -$100 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$20
|
||
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.
$345,000
PROJECTED PRICE
$1,950
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 4.2% |
| 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
$97,175
LOAN DETAILS
$1,198
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $86,250 |
| Loan Amount | $258,750 |
4.42
YEARS SAVED
$15,028
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 -
$0.96
LIST RENT PER SQFT
-
$1,946
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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2525 Carrickton Cir Orlando, FL 3
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LEASED 09/28/20- Rent
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LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,000
- $0.98
PROPERTY LISTING DETAILS
1.407.497.0144
Olde Town Brokers Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5915396
Last Updated: 01/09/2021
