Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1965
- Price/Sqft : $199.54
- 3 Days on Market
- MLS # : O5912380
- Updated Date : 12/19/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,749 sqft
- Baths : 2 full
Listing Agent
Florida Prestigious Homes Inc
Listing Agent's Description
Located in beautiful Winter Park, this home's location just minutes from downtown Winter Park, Baldwin Park, along with great schools. Sitting on a large oversized corner lot, rear yard is spacious and inviting, perfect for a home garden along with space for a pool and more. The detached screened-in pad is perfect for outdoor spa, meditation or outdoor gym area. Spacious floorplan with an eat in kitchen opens up to a cozy family room and separate dining room. New garage door in 2019, New roof 2018, Fresh paint inside and out, natural gas heated water. Ceramic tile throughout. Inside laundry room allows for extreme convenience. Close to shopping and dining, the location is central for all the Orlando area has to offer
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Georgetown Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Georgetown Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$1,288 |
| Property Tax | -$364 | |
| Property Insurance | -$141 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$301
|
||
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.
$349,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 8.0% |
| 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
$98,235
LOAN DETAILS
$1,288
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,250 |
| Loan Amount | $261,750 |
1.5
YEARS SAVED
$3,171
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,587
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
3231 Lowndes Dr Winter Park, FL 4
- 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,749 Sqft ∙ Built 1965
![property image]()
- Rent
- Rent Per SQFT
- $1,620
- $0.93
-
2936 Abbey Ct Winter Park, FL 1
- 3 beds 3 baths ∙ 1,785 Sqft ∙ Built 1963 3 beds 3 baths ∙ 1,785 Sqft ∙ Built 1963
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,395
- $0.78
-
203 N Ranger Blvd Winter Park, FL 2
- 4 beds 2 baths ∙ 1,559 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,559 Sqft ∙ Built 1962
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,395
- $0.89
-
1724 Peruvian Ln Winter Park, FL 3
- 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,613 Sqft ∙ Built 1960
![property image]()
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,513
- $0.94
-
212 N Ranger Blvd Winter Park, FL 5
- 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 1963
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,650
- $1.02
PROPERTY LISTING DETAILS
1.954.718.3689
Florida Prestigious Homes Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5912380
Last Updated: 12/19/2020
