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PROPERTY INFO
FACTS
- Single Family
- Built In 1999
- Price/Sqft : $155.48
- 2 Days on Market
- MLS # : O5906106
- Updated Date : 11/15/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,833 sqft
- Baths : 2 full
Listing Agent
Keller Williams Advantage Realty
Listing Agent's Description
Experience TRANQUIL & EASY LIVING IN YOUR OWN PRIVATE PARADISE! This CONVENIENTLY located 4BR 2 BA, 2-Car Garage home has a NEWER ROOF (2016), NEWER 14-SEER A/C (2019) with WATER VIEW & CONSERVATION VIEWS and NO REAR NEIGHBORS! You won’t mind the LOW HOA FEES and the OVERSIZED 4TH Bedroom which easily doubles as a HOME OFFICE! Smartly designed with an OPEN and SPLIT FLOOR PLAN including VAULTED CEILINGS in the Living areas and the Master BR; beautifully arched entranceway & decorative glass front door. This hidden gem also features CEILING FANS THROUGHOUT, six-inch BASEBOARDS in common areas; A NEST THERMOSTAT, FIBER-OPTIC INTERNET CONNECTION, DECORATIVE SHELF/LEDGES and CHAIR RAILINGS in the GREAT ROOM & MASTER BEDROOM. Living areas feature LAMINATE WOOD AND TILE FLOORS. The UPDATED KITCHEN features GRANITE COUNTERS (2017), NEWER APPLIANCES, A BREAKFAST BAR, BREAKFAST NOOK and is open to the Family Rm where SLIDING DOORS beckon you to come out and relax and unwind on the LARGE, 24X12 SCREENED DECK with its refreshing breezes and its SPECTACULAR VIEW OF THE BACKYARD & POND (frequented by Herons, Ibis and Ducks)! The comfortable MASTER SUITE features a Walk-In Closet & an En-Suite BATH with GARDEN TUB & SEPARATE SHOWER. The 22x18 Garage features a WORK BENCH & additional cabinet space. A storage SHED in back is perfect for all your yard tools, machinery and bikes. Sturdy Concrete Block and Stucco Construction w/ Hardy board siding on the upper level. You’ll appreciate the mature landscaping, a SPRINKLER SYSTEM and hardy SEVILLE/ ST. AUGUSTINE GRASS. This lovely home is nestled in ASHINGTON PARK which is located close to SR 434 & SR 50, the 408, UCF/Addition Area, Spectrum Stadium, Seminole State College, Valencia College, the Research Park, Lockheed Martin, Siemens, the Little Econ Wilderness area and Waterford Lakes Town Center, for convenient commuting, recreation, shopping and dining. Welcome Home!
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: Stonemeade
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stonemeade
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $1,820 |
EXPENSES | Loan Payment | -$1,052 |
Property Tax | -$324 | |
Property Insurance | -$146 | |
HOA | -$43 | |
Property Management Fees | -$164 | |
CASH FLOW
$92
|
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.
$285,000
PROJECTED PRICE
$1,820
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.63% |
Appreciation Year (1-5) | 6.5% |
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
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 4.25% |
Down Payment | $71,250 |
Loan Amount | $213,750 |
6.17
YEARS SAVED
$23,868
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,820
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$1,700
COMP ESTIMATED VALUE -
$0.93
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.407.761.0512
Keller Williams Advantage Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5906106
Last Updated: 11/15/2020