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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $188.90
- 4 Days on Market
- MLS # : O5925994
- Updated Date : 02/26/2021 at 18:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,667 sqft
- Baths : 2 full
Listing Agent
Starlink Realty Of Orlando
Listing Agent's Description
You will love this Tasteful Water View home with BRAND NEW ROOF 2021 and newer HVAC in 2019. Absolutely GORGEOUS remodeled Kitchen that includes 40" upper white cabinets and granite counters, closet pantry and a great breakfast island with complementing colors and butcher block counter. Open floor plan with high ceilings lead to split floor plan with 3 bedrooms and 2 bathrooms. Lots of natural light. Master bathroom is large with soaking tub and separate shower and beautiful floors. Both bathrooms have great neutral and classic colors. Walk-n Master Bedroom Closet. Inside laundry room with tile floors. Dead-end street and fenced yard. Large Tile and newer Luxury Vinyl flooring throughout PET FREE and SMOKE FREE home. 2 car attached garage. Plus large concrete patio makes a great area to entertain outside, too. NO HOA!!! Bookshelves on each side of Kitchen passthrough do not convey. All information recorded in the MLS is intended to be accurate however, it should be independently verified. Audio/Video surveillance may be in use. Incredibly convenient location and currently zoned for Arbor Ridge, Glenridge Middle School and Winter Park High School.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Arbor Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Arbor Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,094 |
| Property Tax | -$358 | |
| Property Insurance | -$136 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$13
|
||
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.
$314,900
PROJECTED PRICE
$1,730
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 8.3% |
| 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
$89,199
LOAN DETAILS
$1,094
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $78,725 |
| Loan Amount | $236,175 |
5.33
YEARS SAVED
$17,384
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$1.04
LIST RENT PER SQFT
-
$1,725
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
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2930 Moorcroft Ct Orlando, FL 4
- 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,730
- $1.04
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9307 Telfer Run Orlando, FL 1
- 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1993
LEASED 06/09/20- Rent
- Rent Per SQFT
- $1,495
- $0.98
-
2952 Delcrest Dr #3 Orlando, FL 2
- 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1993
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,600
- $1.05
-
9409 Telfer Run Orlando, FL 3
- 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,678 Sqft ∙ Built 1992
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,700
- $1.01
-
2832 Delcrest Dr #2 Orlando, FL 5
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1992
LEASED 05/20/20- Rent
- Rent Per SQFT
- $1,800
- $1.10
PROPERTY LISTING DETAILS
1.407.704.0420
Starlink Realty Of Orlando
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5925994
Last Updated: 02/26/2021
