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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $176.11
- 4 Days on Market
- MLS # : O5918131
- Updated Date : 01/29/2021 at 11:10
CONSTRUCTION
- Beds : 4
- Floor Size : 1,817 sqft
- Baths : 2 full
Listing Agent
Remax Marketplace
Listing Agent's Description
Don’t miss this great opportunity to own a well maintained home CLOSE TO UCF, SIEMENS, SHOPPING AND RESTAURANTS. This 4/2 split plan with pool is a Ryland home built in 1986 and has been cared for by the ORIGINAL OWNER. The KITCHEN WAS REMODELED IN 2015 and has stainless steel appliances and a convection oven. The kitchen and the family room overlook the enclosed pool area. The family room has a WOOD BURNING FIREPLACE. The A/C was replaced in 2015, the pool pump was rebuilt in 2019, new septic pump installed in 2020, and the well pump that is used for irrigation was replaced in 2018. There is a child's safety fence for the pool area. A COVERED LANAI OVERLOOKS THE POOL and is perfect for entertaining guest. The home also has HURRICANE SHUTTERS on back and sides of home. The yard has mature landscaping and is FENCED so bring your pets! Garage has been freshly painted with an epoxy floor. There are many great features in this home and it is a must see.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: University Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: University Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,610 |
| EXPENSES | Loan Payment | -$1,111 |
| Property Tax | -$358 | |
| Property Insurance | -$145 | |
| HOA | -$10 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$143
|
||
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.
$320,000
PROJECTED PRICE
$1,610
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 8.3% |
| 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
$90,550
LOAN DETAILS
$1,111
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $80,000 |
| Loan Amount | $240,000 |
2.83
YEARS SAVED
$7,052
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,610
LIST RENT -
$0.89
LIST RENT PER SQFT
-
$1,576
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
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3359 Hillmont Cir Orlando, FL 3
- 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,661 Sqft ∙ Built 1988
LEASED 02/14/20- Rent
- Rent Per SQFT
- $1,575
- $0.95
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4753 Suntree Blvd Orlando, FL 5
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LEASED 10/07/20- Rent
- Rent Per SQFT
- $1,795
- $0.96
PROPERTY LISTING DETAILS
1.321.439.4540
Remax Marketplace
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5918131
Last Updated: 01/29/2021
