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PROPERTY INFO
FACTS
- Single Family
- Built In 1998
- Price/Sqft : $168.05
- 3 Days on Market
- MLS # : O5923473
- Updated Date : 02/19/2021 at 21:05
CONSTRUCTION
- Beds : 4
- Floor Size : 1,934 sqft
- Baths : 2 full
Listing Agent
Keller Williams Advantage 2 Realty
Listing Agent's Description
Beautiful open and spacious 4 bedroom, 2 bath home in the Coveted Andover Lakes Community in Orlando! **NEWER PAINT INSIDE AND OUT** **2 YEARS NEW ROOF** AC APPROX 4 YEARS, NEWER HOT WATER HEATER, NEWER FANS, NEWER LIGHT FIXTURES, NEWER CARPET, DISHWASHER AND STOVE ARE 2 YEARS NEW as well.** TONS OF SPACE**with plenty of room inside to entertain within the living room/dining room areas, as well as in the kitchen and family room! Step outside to the **EXTENDED SCREENED IN PATIO** to relax for the evening or on a day off. The Andover Lakes Community is just 5 minutes to shops and restaurants in the popular Waterford Lakes Town Center and 15 minutes to the University of Central Florida or downtown Orlando. Young Pine Community Park with playgrounds, sports fields, a dog park, walking paths, kayaking, canoeing and fishing is just minutes down the road. Major highways are minutes away. Close to downtown Orlando with easy access. Drive outside of your neighborhood and turn into Publix grocery store, Starbucks, Aldi and Racetrack all nearby. In addition, this community is conveniently located near Lockheed Martin, Siemens, University of Central Florida (UCF), and Research Park. Hurry to preview this spectacular home. **School ratings and information provided by Orange County Property Appraiser website and Orange County Public Schools website.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Andover Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Andover Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,760 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$370 | |
| Property Insurance | -$152 | |
| HOA | -$23 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$42
|
||
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.
$325,000
PROJECTED PRICE
$1,760
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 9.1% |
| 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
$91,875
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
4.58
YEARS SAVED
$15,437
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,760
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,765
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
3114 Holland Dr Orlando, FL 4
- 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1998
![property image]()
- Rent
- Rent Per SQFT
- $1,760
- $0.91
-
3257 Benson Park Blvd Orlando, FL 1
- 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,827 Sqft ∙ Built 2004
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LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,600
- $0.88
-
3229 Holland Dr Orlando, FL 2
- 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1996
![property image]()
LEASED 04/14/20- Rent
- Rent Per SQFT
- $1,600
- $0.91
-
3006 Holland Dr Orlando, FL 3
- 4 beds 2 baths ∙ 1,994 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,994 Sqft ∙ Built 1996
![property image]()
LEASED 06/01/20- Rent
- Rent Per SQFT
- $1,725
- $0.87
-
10561 Fairhaven Way Orlando, FL 5
- 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 1999
![property image]()
LEASED 11/20/20- Rent
- Rent Per SQFT
- $1,850
- $0.99
PROPERTY LISTING DETAILS
1.407.694.1495
Keller Williams Advantage 2 Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5923473
Last Updated: 02/19/2021
