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PROPERTY INFO
FACTS
- Single Family
- Built In 1962
- Price/Sqft : $207.06
- 6 Days on Market
- MLS # : O5911725
- Updated Date : 12/17/2020 at 20:12
CONSTRUCTION
- Beds : 3
- Floor Size : 1,444 sqft
- Baths : 2 full
Listing Agent
Fannie Hillman & Associates
Listing Agent's Description
**MULTIPLE OFFERS - HIGHEST AND BEST BY NOON on 12/19/2020** Come preview this wonderful three-bedroom, two-bathroom home in Dover Shores East. Featuring a generous sized fenced in backyard with a large saltwater pool, an oversized two-car garage, and a huge inside utility room. This home needs some TLC but has everything you need and more. Highlights include spacious bedrooms, cherry wood floors, stainless steel appliances, and a freshly painted interior (2020). Upgrades include updated plumbing (2006), updated electrical panel (2020), newer Trane AC and hot water heater (2017). Conveniently located just minutes from SR-408, the Executive and International Airports and Downtown Orlando. Zoned for Boone High School. This house will not last long! Call today for a convenient showing.
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: Dover Shores East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Dover Shores East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,103 |
| Property Tax | -$372 | |
| Property Insurance | -$122 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$44
|
||
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.
$299,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 6.8% |
| 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
$84,985
LOAN DETAILS
$1,103
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,750 |
| Loan Amount | $224,250 |
5.83
YEARS SAVED
$23,013
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$1.23
LIST RENT PER SQFT
-
$1,531
COMP ESTIMATED VALUE -
$1.06
COMP AVG. RENT PER SQFT
Comps Range
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4700 Loring Pl Orlando, FL 4
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- $1,650
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- $1,650
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4629 Arcie St Orlando, FL 3
- 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1959
LEASED 06/12/20- Rent
- Rent Per SQFT
- $1,699
- $1.04
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5173 Andrea Blvd Orlando, FL 5
- 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,606 Sqft ∙ Built 1976
LEASED 02/18/20- Rent
- Rent Per SQFT
- $1,834
- $1.14
PROPERTY LISTING DETAILS
1.407.620.3633
Fannie Hillman & Associates
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5911725
Last Updated: 12/17/2020
