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PROPERTY INFO
FACTS
- Single Family
- Built In 1967
- Price/Sqft : $119.66
- 2 Days on Market
- MLS # : O5916397
- Updated Date : 01/16/2021 at 12:36
CONSTRUCTION
- Beds : 4
- Floor Size : 1,755 sqft
- Baths : 2 full
Listing Agent
Joystar Realty Group
Listing Agent's Description
Recent renovated single family home with no HOA. Spacious 4 bedroom 2 bath, and 5th bonus/office room with side door to exterior. Fresh paint interior and exterior. New Roof 2020, New water heater 2017, New Energy Efficient HVAC 2017, and New appliances 2017. This home features Solid Wood Kitchen Cabinet, granite countertop, Deep SS sink, Pull-out faucet, and built-in Refrigerator with ice maker & water dispenser. Huge master suite has walk-in and reach-in closets. Master Bath has a dual-sink vanity and a shower. Ceiling fans in many rooms. Tiles thru out the entire house for easy maintenance. Extra storage area near the back of the building. Huge fenced yard good for family funs or playground or entertainment or a swimming pool. BONUS: Washer & Dryer. Closed to Theme parks, shopping centers, and restaurants.
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: Braswell Court
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Braswell Court
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$729 |
| Property Tax | -$226 | |
| Property Insurance | -$141 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$194
|
||
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.
$210,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.68%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 8.9% |
| 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
$61,400
LOAN DETAILS
$729
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $52,500 |
| Loan Amount | $157,500 |
9.5
YEARS SAVED
$27,793
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,363
COMP ESTIMATED VALUE -
$0.78
COMP AVG. RENT PER SQFT
Comps Range
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324 W Ella J Gilmore St Apopka, FL 3
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459 Lake Opal Ct Apopka, FL 1
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-
578 Lake Doe Blvd Apopka, FL 4
- 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984
LEASED 05/06/20- Rent
- Rent Per SQFT
- $1,549
- $0.94
PROPERTY LISTING DETAILS
1.407.797.7079
Joystar Realty Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5916397
Last Updated: 01/16/2021
