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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $201.31
- 7 Days on Market
- MLS # : O5911255
- Updated Date : 12/15/2020 at 17:17
CONSTRUCTION
- Beds : 4
- Floor Size : 1,987 sqft
- Baths : 2 full
Listing Agent
Charles Rutenberg Realty Orlando
Listing Agent's Description
This amazing one story block home has an open floor plan with a great room, separate dining room, 4 bedrooms, plus an office/den, and a hard to find 3 car garage. It is situated on a .23 acre lot, in a cul-de-sac and backs up to dedicated open space. The kitchen which is open to the living room, features a breakfast bar, an eat-in area, gorgeous quartz countertop as well as handmade tile custom back splash. The closet pantry is very handy. The stove was replaced in 2019 and the dishwasher in 2020. The living room can accommodate lots of seating, has surround sound, and French doors that open to the patio. There are 9 foot ceilings throughout the house. The great room has crown molding and is painted in a contemporary grey. All windows have blinds. The bedrooms are split 3 ways. Master bedroom on one side, then two bedrooms and the 2nd bathroom on the other side towards the back of the home and the forth bedroom and the office/den towards the front of the home off the foyer. The master suite is very spacious and features separate large shower, tub and WC, as well as double sinks, a walk-in and a linen closet. You’ll love the Schonbeck chandelier over the tub. All the guest bedrooms have generously sized closets and bamboo flooring. The laundry room connects the garage to the kitchen and has additional cabinetry with quartz countertop. The back patio is oversized with plenty of space for entertaining and relaxing. It is covered, screened in and has a great view of the back yard which has no rear neighbors. Mexican tile and pine tongue and groove ceiling make the back porch a very inviting place to watch the sun set. The house has been maintained immaculately and has many recent updates: new exterior paint in 2020, new roof in 2018 ($22,000), new A/C system in 2018, new water heater 2017. There is lush landscaping all around the home and beautiful landscape lighting in the front of the home. This lovely home is move in ready. Call today to see it!
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: Bennington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bennington
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,040 |
EXPENSES | Loan Payment | -$1,476 |
Property Tax | -$399 | |
Property Insurance | -$155 | |
HOA | -$35 | |
Property Management Fees | -$129 | |
CASH FLOW
-$154
|
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.
$400,000
PROJECTED PRICE
$2,040
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.01% |
Appreciation Year (1-5) | 8.0% |
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
$111,750
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $100,000 |
Loan Amount | $300,000 |
3.33
YEARS SAVED
$12,827
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,040
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,997
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.407.967.9770
Charles Rutenberg Realty Orlando
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5911255
Last Updated: 12/15/2020