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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $218.77
- 2 Days on Market
- MLS # : S5045129
- Updated Date : 01/16/2021 at 13:47
CONSTRUCTION
- Beds : 3
- Floor Size : 1,257 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Ackley Realty
Listing Agent's Description
Pride of ownership shows throughout this one owner 3-bedroom pool home in the quaint neighborhood of Chickasaw Woods in East Orlando. This split bedroom floorplan home is in great condition and has LOADS of upgrades that are sure to impress! There's plenty of curb appeal as you first drive up and see the beautifully landscaped yard and metal roof that was installed in 2018. The home has been updated with a brand-new AC system that boasts an Air Scrubber system that purifies and disinfects the air in the home. The plumbing has been replaced, as has the electrical panel and the majority of the windows have been replaced with energy efficient double pane glass windows. The kitchen has a double oven range and plenty of cabinet and counter space, and with the open floorplan it overlooks the dining room and living room where the centerpiece is a fantastic wood burning fireplace. There's tile flooring throughout the home and both bathrooms have been recently remodeled and have large beautifully tiled walk-in showers. There are ceiling fans in all the bedrooms and the master has a roomy walk-in closet....the oversized 2 car garage has plenty of space for storage or a work space and the Samsung washer and dryer is included....the dining room has French doors that lead to a huge screened in lanai that overlooks the beautiful pool and private fenced in backyard just perfect for entertaining or just relaxing....There's also a shed for additional storage. You can't beat the location which has easy access to all Orlando has to offer, just minutes to the 408, 417, downtown and the airport. Best of all there's no HOA fee! Don't miss your opportunity to view this house today and call it home tomorrow!
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: Chickasaw Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Chickasaw Woods
* 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 | -$955 |
| Property Tax | -$313 | |
| Property Insurance | -$111 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$88
|
||
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.
$275,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 7.9% |
| 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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
3.5
YEARS SAVED
$8,343
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 -
$1.13
LIST RENT PER SQFT
-
$993
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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3412 Cimarron Dr Orlando, FL 5
- 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,257 Sqft ∙ Built 1979
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- Rent
- Rent Per SQFT
- $1,420
- $1.13
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7532 Tern Dr Orlando, FL 1
- 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,216 Sqft ∙ Built 1990
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LEASED 02/12/20- Rent
- Rent Per SQFT
- $895
- $0.74
-
7982 Sagebrush Pl Orlando, FL 2
- 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1996
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,000
- $0.85
-
2802 Autumn Run Pl Orlando, FL 3
- 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1991
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,050
- $0.78
-
8619 Catbriar Ln Orlando, FL 4
- 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1983
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,250
- $0.79
PROPERTY LISTING DETAILS
1.863.860.3365
Coldwell Banker Ackley Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5045129
Last Updated: 01/16/2021
