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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $189.69
- 5 Days on Market
- MLS # : O5914288
- Updated Date : 01/08/2021 at 11:19
CONSTRUCTION
- Beds : 3
- Floor Size : 1,581 sqft
- Baths : 2 full
Listing Agent
Re/max 200 Realty
Listing Agent's Description
One or more photo(s) has been virtually staged. Located in the Conway/Belle Isle area and showcasing great curb appeal, this beautifully maintained home is a MUST SEE! Upon entering you’ll find the spacious living room featuring striking NEW wood laminate flooring; a large window in this space allows in an ample amount of natural light. Just off the living room is the dining room, the ideal spot for a formal dinner party or a simple get together with friends and family. The chef of the house will ADORE the kitchen that includes a beautiful TILE backsplash, an abundance of counter and cabinet space along with a closet pantry for storage. A breakfast bar with a stylish tile front provides additional a spot for additional seating when needed. The family room is the PERFECT location for entertaining! Whether it’s movie night or watching the big game, the area has plenty of room for everyone to kick back and relax; located just off the kitchen, you’ll have easy access to snacks and drinks! A wonderful split bedroom floor plan ensures privacy for all! Just off the dining room is the master bedroom that boasts beautiful NEW laminate wood flooring and a HUGE walk-in closet! The STUNNING floor to ceiling tiled walk-in shower with a river rock floor in the master bath evokes a spa like ambiance. Back off the family room you’ll find two additional bedrooms, both sharing a simply GORGEOUS full bath featuring another floor to ceiling tiled walk-in shower with a bench seat and a newer vanity with plenty of space for towels, soap and the like. The third bedroom also includes NEW laminate wood flooring! A set of double doors in the family room opens onto a patio space overlooking your spacious fenced in backyard. You’ve got enough yard space to plant a garden, add a firepit or perhaps put in a pool! No need to worry about where to store your mower or other lawn and garden tools, an extra-large shed with power provides you with all the storage space you’ll need! Community amenities include private lake access to the pristine Lake Conway Chain of Lakes along with a private boat ramp, beach area, playground with covered picnic area and a dock perfect for fishing. Situated in a charming neighborhood just minutes from the Orlando International Airport with easy access to major roadways and downtown, start packing, you’ve found your new HOME!
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Conway East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Conway East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,750 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$364 | |
| Property Insurance | -$131 | |
| HOA | -$8 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$76
|
||
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.
$299,900
PROJECTED PRICE
$1,750
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 7.4% |
| 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
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
6.67
YEARS SAVED
$24,173
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,750
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,747
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
-
4346 Quando Dr Belle Isle, FL 3
- 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,581 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $1,750
- $1.11
-
5440 Conway Oaks Ct Orlando, FL 1
- 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,471 Sqft ∙ Built 1988
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,295
- $0.88
-
5178 Coddington St Orlando, FL 2
- 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1990
LEASED 03/18/20- Rent
- Rent Per SQFT
- $1,699
- $1.18
-
4515 Koger St Orlando, FL 4
- 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,539 Sqft ∙ Built 1972
LEASED 12/31/20- Rent
- Rent Per SQFT
- $1,850
- $1.20
-
4221 Playa Ct Belle Isle, FL 5
- 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,717 Sqft ∙ Built 1975
LEASED 04/23/20- Rent
- Rent Per SQFT
- $2,000
- $1.16
PROPERTY LISTING DETAILS
1.407.571.1445
Re/max 200 Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5914288
Last Updated: 01/08/2021
