Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $164.97
- 3 Days on Market
- MLS # : O5924764
- Updated Date : 02/20/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,667 sqft
- Baths : 2 full
Listing Agent
Mainframe Real Estate
Listing Agent's Description
Welcome to the Glenwood Park neighborhood. This customized built pool home offers an expansive living room with vaulted ceilings and a unique free standing fireplace. Bedrooms are oversized with plenty of closet space. A NEWLY remodeled kitchen with hardwood cabinets and granite countertops. NO HOA and home is zoned for WINTER PARK SCHOOLS. Enjoy convenient access to 417, SR’s 426 and 436, Full Sail University and the University of Central Florida. *Home will need updating and minor repairs. OPEN HOUSE Sat. 2/20/21 9AM-12PM
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Glenwood Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Glenwood Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,680 |
| EXPENSES | Loan Payment | -$955 |
| Property Tax | -$332 | |
| Property Insurance | -$136 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$129
|
||
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
$1,680
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 8.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| 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 |
7.75
YEARS SAVED
$27,672
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,680
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,759
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
-
4338 Roanne Dr Orlando, FL 2
- 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,667 Sqft ∙ Built 1978
![property image]()
- Rent
- Rent Per SQFT
- $1,680
- $1.01
-
3724 Pickwick Dr Orlando, FL 1
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1993
![property image]()
LEASED 12/21/20- Rent
- Rent Per SQFT
- $1,665
- $1.02
-
4405 Bridgewater Dr Orlando, FL 3
- 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,683 Sqft ∙ Built 1983
![property image]()
LEASED 10/14/20- Rent
- Rent Per SQFT
- $1,750
- $1.04
-
4225 N Econlockhatchee Trl Orlando, FL 4
- 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1984
![property image]()
LEASED 06/03/20- Rent
- Rent Per SQFT
- $1,950
- $1.10
-
8635 Port Said St Orlando, FL 5
- 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,860 Sqft ∙ Built 1978
![property image]()
LEASED 07/20/20- Rent
- Rent Per SQFT
- $1,965
- $1.06
PROPERTY LISTING DETAILS
1.407.681.4393
Mainframe Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5924764
Last Updated: 02/20/2021
