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PROPERTY INFO
FACTS
- Single Family
- Built In 1992
- Price/Sqft : $146.18
- 3 Days on Market
- MLS # : O5920394
- Updated Date : 02/06/2021 at 00:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,497 sqft
- Baths : 2 full , 1 half
Listing Agent
Remax Marketplace
Listing Agent's Description
True Hunters creek Beauty! with tropical oasis Backyard and fairley new Roof!! .Spacious and stylish home at a fantastic price! Beautiful move-in ready, 4 bedrooms 2.5 bath. In the desirable Hunters Creek Golf community with Highly desired A + rated schools. As soon as you walk into this immaculate home, you will fall in love with this spacious and elegant home with stunning cathedral ceilings,located in the 21st most desirable community in the United States by CNN Money Magazine!. The moment you enter you'll notice the high and expansive ceilings, light and bright open feel, this elegant two story home is a dream come true! Featuring a chef's dream kitchen, granite countertop! upgraded cabinets, separate eating space overlooking large Family room with invitation to screen patio relaxing backyard and a big pool . Master retreat is privately located on the first floor with vaulted ceilings, walk in closet . Master bath offering a large comfortable garden tub, dual sinks & separate bathroom and shower stalls. With a stunning granite wood burning fireplace and decorating shelves to enjoy years after for total relaxation. Upstairs offers three large size bedrooms with large closets. Come live the Hunters Creek lifestyle! This golf community offers a variety of holiday events throughout the year & has many sports clubs for all ages, 7 private parks, tennis courts, biking, hiking trails, dog parks, fishing, baseball, basketball and plenty of places to picnic. Just minutes to World Class Town Center Shopping, Dining, Medical City, major roadways and the theme parks! and international airport .
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: Hunters Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hunters Creek
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,268 |
| Property Tax | -$440 | |
| Property Insurance | -$185 | |
| HOA | -$77 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$152
|
||
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.
$365,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 4.8% |
| 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
$102,475
LOAN DETAILS
$1,268
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $91,250 |
| Loan Amount | $273,750 |
7
YEARS SAVED
$30,340
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,254
COMP ESTIMATED VALUE -
$0.9
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 06/18/20- Rent
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- $2,395
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- Rent Per SQFT
- $2,500
- $0.97
PROPERTY LISTING DETAILS
1.407.709.9766
Remax Marketplace
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5920394
Last Updated: 02/06/2021
