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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $209.90
- 3 Days on Market
- MLS # : O5924515
- Updated Date : 02/20/2021 at 16:49
CONSTRUCTION
- Beds : 3
- Floor Size : 1,000 sqft
- Baths : 1 full
Listing Agent
Pat Sharr Realty
Listing Agent's Description
HONEY STOP THE CAR THIS IS A BEAUTY!!! JUST REMODELED!!! STEP INSIDE TO THE NEW WOOD LANINATE FLOORING IN THE LIVING ROOM, HALLWAY AND ALL BEDROOMS!!! THE KITCHEN FEATURES TILE FLOORING, GRANITE COUNTERS, STAINLESS REFRIGERATOR, DISHWASHER, RANGE AND BUILT IN MICROWAVE, NEW CABINETS... ALL THESE FEATURES ARE BRAND NEW, BE THE FIRST ONE TO USE THEM...BATHROOM FEATURES A NEW BATH TUB WITH SHOWER, NEW TILE ON WALLS AND NEW TILE FLOORING!!!BEDROOMS ARE COMPLETE WITH CEILING FANS... JUST OFF THE DINING AREA YOU WILL FIND THE COVERED AND SCREENED BACK PATIO WITH NEW INDOOR/OUTDOOR CARPETING, LARGE FENCED YARD. FROM THE KITCHEN YOU HAVE ACCESS TO THE 1 CAR GARAGE W/ GARAGE DOOR OPENER, EPOXY COATED GARAGE FLOORING HAS JUST BEEN COMPLETED...THIS HOME ALSO FEATURES A NEW AIR CONDITIONING SYSTEM, NEW WATER HEATER, THE ROOF IS APPROXMATELY 7 YEARS OLD!!! THIS IS LIKE A BRAND NEW HOME IT HAS ALSO JUST BEEN PAINTED ON THE OUTSIDE!!! WHAT MORE COULD YOU ASK FOR?
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: Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Meadows
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,110 |
| EXPENSES | Loan Payment | -$729 |
| Property Tax | -$265 | |
| Property Insurance | -$96 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$109
|
||
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.
$209,900
PROJECTED PRICE
$1,110
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 7.7% |
| 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
$61,374
LOAN DETAILS
$729
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $52,475 |
| Loan Amount | $157,425 |
2.5
YEARS SAVED
$3,827
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,110
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$985
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
324 Wurst Rd Ocoee, FL 2
- 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1981 3 beds 1 baths ∙ 1,000 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,110
- $1.11
-
1203 Oakwood Ln Ocoee, FL 1
- 3 beds 2 baths ∙ 1,203 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,203 Sqft ∙ Built 1976
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,100
- $0.91
-
472 Wurst Rd #1 Ocoee, FL 3
- 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1981 3 beds 1 baths ∙ 1,250 Sqft ∙ Built 1981
LEASED 09/25/19- Rent
- Rent Per SQFT
- $1,325
- $1.06
PROPERTY LISTING DETAILS
1.407.948.1326
Pat Sharr Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5924515
Last Updated: 02/20/2021
