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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $175.61
- 5 Days on Market
- MLS # : O5911939
- Updated Date : 12/17/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,534 sqft
- Baths : 3 full
Listing Agent
Properties In Town
Listing Agent's Description
This beautiful 4 Bedroom 3 Bathroom home is located in the Gated community of Conroy Club. Featuring Brick Paver sidewalk, driveway & entrance. This beautiful and spacious kitchen features 42 inch cabinets, built in wine bar and cooler. Home features central Vacuum, Hard wood floors and many more upgrades! The location is zoned for one of the best schools in the community, usually A rated. Located within close proximity to Dr. Philip's Restaurant Row, International Drive, restaurants, attractions, Disney, Universal Studios, The Mall at Millenia and all major highways.
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: Conroy Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Conroy Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,400 |
| EXPENSES | Loan Payment | -$1,642 |
| Property Tax | -$585 | |
| Property Insurance | -$188 | |
| HOA | -$140 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$284
|
||
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.
$445,000
PROJECTED PRICE
$2,400
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 5.6% |
| 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
$123,675
LOAN DETAILS
$1,642
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $111,250 |
| Loan Amount | $333,750 |
1.83
YEARS SAVED
$6,242
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,400
LIST RENT -
$0.95
LIST RENT PER SQFT
-
$2,401
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
4360 Conroy Club Dr Orlando, FL 4
- 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2003
![property image]()
- Rent
- Rent Per SQFT
- $2,400
- $0.95
-
4748 High Oak Ct Orlando, FL 1
- 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1999
![property image]()
LEASED 08/27/20- Rent
- Rent Per SQFT
- $2,250
- $0.91
-
4630 Woodlands Village Dr Orlando, FL 2
- 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 1985
![property image]()
LEASED 07/10/19- Rent
- Rent Per SQFT
- $2,375
- $0.95
-
4547 Winderwood Cir Orlando, FL 3
- 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1987
![property image]()
LEASED 10/03/20- Rent
- Rent Per SQFT
- $2,400
- $0.98
-
4341 Woodtree Ln #3 Orlando, FL 5
- 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 1984
![property image]()
LEASED 09/02/19- Rent
- Rent Per SQFT
- $2,500
- $0.95
PROPERTY LISTING DETAILS
1.321.231.9843
Properties In Town
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5911939
Last Updated: 12/17/2020
