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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $239.06
- 4 Days on Market
- MLS # : S5046045
- Updated Date : 02/05/2021 at 19:45
CONSTRUCTION
- Beds : 3
- Floor Size : 1,129 sqft
- Baths : 2 full
Listing Agent
Bhhs Results Realty
Listing Agent's Description
Location Location Location !! You don't have to look any further because your new home awaits! This spacious 3 bedroom, 2 bathroom home offers nearly 1200sq.ft. of freshly renovated spaces with NO HOA. . Upon walking through the living room you'll enjoy the open space & the abundance of natural light with gorgeous laminate floors in all rooms. The dining room is just off of the kitchen & offers plenty of space for a large table; perfect for gatherings. The kitchen is beautifully upgraded with every convenience you can imagine. Gorgeous solid wood Jarlin cabinets complete with soft close drawers/doors, granite counter tops and new appliances. Each of the bedrooms offer plenty of space and the rest rooms have been completely designed and refaced. Out to the rear of the home awaits the backyard oasis offers which offers tons of area to hang out & entertain within a NEwly fenced in yard. ** New DrywAll, Fresh new paint, NEW ROOF. All new Lighting Fixtures, New water heater, House Completely REplumbed, New Fence, New Doors and Hardware, LED CAN lights, New Windows, All new outlet switches, Designer Bathrooms ** Easy access to Orlando International Airport, Disney, Downtown Orlando and all the amenities of the The City Beautiful this makes a great place to call home. Don't hesitate, call TODAY to make this home yours!
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: Monroe Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Monroe Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,230 |
| EXPENSES | Loan Payment | -$937 |
| Property Tax | -$307 | |
| Property Insurance | -$103 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$247
|
||
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.
$269,900
PROJECTED PRICE
$1,230
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 10.6% |
| 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
$77,274
LOAN DETAILS
$937
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $67,475 |
| Loan Amount | $202,425 |
1.17
YEARS SAVED
$1,236
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,230
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$867
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
3212 Oranole Rd Orlando, FL 5
- 3 beds 2 baths ∙ 1,129 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,129 Sqft ∙ Built 1973
- Rent
- Rent Per SQFT
- $1,230
- $1.09
-
4016 Castell Dr Orlando, FL 1
- 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,105 Sqft ∙ Built 1970
LEASED 02/12/20- Rent
- Rent Per SQFT
- $795
- $0.72
-
3802 Shady Grove Cir Orlando, FL 2
- 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1984
LEASED 02/12/20- Rent
- Rent Per SQFT
- $900
- $0.82
-
2902 Calloway Dr Orlando, FL 3
- 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,252 Sqft ∙ Built 1957
LEASED 02/12/20- Rent
- Rent Per SQFT
- $925
- $0.74
-
3119 Calloway Dr Orlando, FL 4
- 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,265 Sqft ∙ Built 1957
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,000
- $0.79
PROPERTY LISTING DETAILS
1.407.343.8137
Bhhs Results Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5046045
Last Updated: 02/05/2021
