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PROPERTY INFO
FACTS
- Single Family
- Built In 2013
- Price/Sqft : $196.69
- 4 Days on Market
- MLS # : O5921548
- Updated Date : 02/05/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,510 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
Welcome to this beautiful 3 bedroom, 2 bathroom home located in the highly sought after community, Charleston Park. This home has a stone elevation upgrade, giving the home a beautiful rustic touch. Upon entry you are greeted with beautiful tile flooring, a coat closet, and an elongated walkway. This home features a split-floorplan, with privacy in mind. The master bedroom is located by the family room while, the secondary bedrooms are located towards the front of the home. The master bedroom features a walk-in closet and beautiful tray ceilings. The spa-like master bath has dual marble vanity sinks, a walk-in shower, and large garden tub. The home has tile in the wet areas and carpet in main living areas and bedrooms. The kitchen is the heart of the home! The kitchen boasts, gorgeous marble countertop, tile backsplash, stainless steel appliances, and an extended granite island. The backyard features, an extended slab and amazing water view! There are so many things you can do the backyard to make it the yard of your dreams. Home is primely located near major roads and highways such as SR 429, SR 414, shopping/dining, and Lake Apopka. Come and make this beautiful home yours! Schedule for a private showing today. **Attached garage racks are staying as well as bike racks.**
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: Charleston Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Charleston Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,510 |
| EXPENSES | Loan Payment | -$1,032 |
| Property Tax | -$320 | |
| Property Insurance | -$126 | |
| HOA | -$33 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$129
|
||
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.
$297,000
PROJECTED PRICE
$1,510
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 7.0% |
| 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
$84,455
LOAN DETAILS
$1,032
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,250 |
| Loan Amount | $222,750 |
2.75
YEARS SAVED
$6,361
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,510
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,518
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
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- $1,650
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LEASED 01/29/20- Rent
- Rent Per SQFT
- $1,795
- $1.00
PROPERTY LISTING DETAILS
1.407.329.9500
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5921548
Last Updated: 02/05/2021
