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PROPERTY INFO
FACTS
- Single Family
- Built In 1970
- Price/Sqft : $130.21
- 6 Days on Market
- MLS # : O5907039
- Updated Date : 11/25/2020 at 01:39
CONSTRUCTION
- Beds : 4
- Floor Size : 1,920 sqft
- Baths : 2 full
Listing Agent
Keller Williams Winter Park
Listing Agent's Description
Welcome home! Nestled between Lake Apopka and downtown Orlando, you’ll enjoy spending the weekends teeing off at Forest Lake Golf Club, biking through Barnett Park, shopping at the West Oaks Mall and relaxing at Wekiva Springs. You’ll be less than 10 miles from the theme parks at Universal and Islands of Adventure, with quick access to all the main highways. This gorgeous four bedroom pool home for sale in Orlando boasts an array of upgrades and updates. Inside you’ll be greeted by a spacious open floor plan with wood style floors and neutral colors. The beautiful gourmet kitchen presents stainless steel appliances, cabinets, granite countertops, luxurious backsplash, recessed lights and bar top seating. Through the sliding barn door you’ll find a bonus flex space with access to the indoor laundry room and the side yard through elegant French doors. The kitchen flows into the huge living space with pool access. The primary suite offers an updated bathroom with a glass door shower and built in shelving. The other three spacious bedrooms and guest bath with a tub/shower combo are located on the opposite side of the home. Enjoy the outdoors by taking a dip in the pool on hot summer days, or cozying up by the fire pit with s’mores during the chilly months ahead. This beautiful pool home in Orlando won’t last, so call today and schedule a showing before it’s gone!
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: Breezewood
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Breezewood
* 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 | -$922 |
| Property Tax | -$285 | |
| Property Insurance | -$151 | |
| Property Management Fees | -$128 | |
|
CASH FLOW
-$66
|
||
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.
$250,000
PROJECTED PRICE
$1,420
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 11.3% |
| 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
$72,000
LOAN DETAILS
$922
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
2.5
YEARS SAVED
$6,216
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 -
$0.74
LIST RENT PER SQFT
-
$1,392
COMP ESTIMATED VALUE -
$0.73
COMP AVG. RENT PER SQFT
Comps Range
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3619 Terrina Ct Orlando, FL 4
- 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,920 Sqft ∙ Built 1970
![property image]()
- Rent
- Rent Per SQFT
- $1,420
- $0.74
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6543 Meritmoor Cir Orlando, FL 1
- 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1988 3 beds 3 baths ∙ 2,014 Sqft ∙ Built 1988
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LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,100
- $0.55
-
2823 Saint Clair Ct Orlando, FL 2
- 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,866 Sqft ∙ Built 1986
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,200
- $0.64
-
5852 Elon Dr Orlando, FL 3
- 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1975
![property image]()
LEASED 06/24/19- Rent
- Rent Per SQFT
- $1,300
- $0.82
-
3414 Portersfield Rd Orlando, FL 5
- 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 1961 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 1961
![property image]()
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,650
- $0.89
PROPERTY LISTING DETAILS
1.407.790.9605
Keller Williams Winter Park
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5907039
Last Updated: 11/25/2020
