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3225 Santa Monica Dr Orlando, FL 32822

3 Beds 3 Baths 2,366 sqft Built 1994

$339,999

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $143.70
  • 54 Days on Market
  • MLS # : S5041223
  • Updated Date : 12/05/2020 at 00:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,366 sqft
  • Baths : 2 full , 1 half
Listing Agent

Orlando Regional Realty

Listing Agent's Description

A BEAUTIFUL 18 HOLE GOLF COURSE AND GATED COMMUNITY IN VENTURA COUNTRY CLUB. SHORT TERM, VACATION HOME OR A HOME TO LIVE AND RELAX IN A DESIRABLE COMMUNITY WITH MANY AMENITIES TO ENJOY THE STAY. The spacious two story home offers a large open floor plan with a formal Dinning & Living Room. It has a Master bedroom downstairs with a great bathroom. A laundry room downstairs and a guest bathroom for the new owners convenience. Upstairs has a den/studio, two bedrooms, and a full bathroom. The kitchen offers a gas stove and very nice cabinets, along with a large breakfast nook. There is a beautiful large Florida room, perfect for family entertainment, home office space, homework area or fitness room with a great over look to the water canal and the golf course. Elegant open floor plan with vaulted ceilings and a great balcony that gives a great look to the interior of the house. Ventura Country Club is a Gated Golf community with a 18 hole Golf Course. 18th hole/bar restaurant overlooking an Olympic size pool, new renovated ball room, library, craft room, golf shop, expanded exercise room, tennis, Pickleball ,Bocce Ball, basketball, playground, walking trails, Lake picnic area, community activities and 24 hours security. Great location, close to Schools, Shopping, Major Highways, Restaurants, downtown Orlando, Orlando international Airport, Lake Nona City, City Malls and attractions.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Ventura

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $47k253k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Ventura

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951712

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$305,999$373,999$339,999

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,254
Property Tax -$422
Property Insurance -$178
HOA -$165
Property Management Fees -$129
CASH FLOW
-$208

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.

$339,999

PROJECTED PRICE

$1,940

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $85,000
Loan Amount $254,999
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,495

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,940

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,934

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6753$1,7204$1,7405$1,940
$1,940
RENT COMPS ANALYSIS
  • 3225 Santa Monica Dr Orlando, FL 5
    • 3 beds 3 baths ∙ 2,366 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,366 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.82
    •  
  • 3432 Idlegrove Ct Orlando, FL 1
    • 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 1990
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.77
    •  
  • 2064 Ambergris Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1988
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.82
    •  
  • 2740 Autumn Green Dr Orlando, FL 3
    • 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 1989
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.83
    •  
  • 2010 Gamboge Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1988
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,740
    • $0.85
    •  
PROPERTY LISTING DETAILS
Rosa Maria Valdes
1.407.257.8688
Orlando Regional Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5041223
Last Updated: 12/05/2020
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