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 1981
- Price/Sqft : $133.42
- 3 Days on Market
- MLS # : O5928278
- Updated Date : 03/06/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,873 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Welcome to quiet convenient Green Briar Village in Williamsburg. The split floor plan features an oversized and fabulous great room. There is a large living room/dining room area with a breakfast bar at the entrance to the bright kitchen with stainless steel refrigerator and stove and lots of cabinet and counter space. Large master bedroom with nice master bath with walk in shower. Good sized bedrooms with large guest bathroom. This is a delightful family neighborhood, The HOA includes lawn care, maintenance of community pool, basketball court, tennis court, table tennis. This is the perfect opportunity for investors and for first time home buyers. This Williamsburg community is conveniently located near all of Central Florida's world-famous attractions: Just a close step to Sea World, Aquatica & I-Drive. Fantastic location with great highway access to Universal's Citywalk & Parks, Walt Disney World Resort. Also, golfing, shopping, dining, and plentiful entertainment can be found around every turn. The house is located near 528 (Beachline), I-4 and only 12 miles from the Orlando International Airport. Shopping is only a few blocks away, as the home is close to the Florida Mall, the Loop, International Drive and Williamsburg Down, a collection of small shops and grocery shopping. This home is in a quiet little neighborhood nestled away in the heart of Florida so you can enjoy the lovely neighborhood and still be in the hustle and bustle of downtown in only a few minutes.
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: Green Briar Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Green Briar Village
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$307 | |
| Property Insurance | -$148 | |
| HOA | -$5 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$262
|
||
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.
$249,900
PROJECTED PRICE
$1,720
PROJECTED RENT
0.69%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 11.1% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.82% |
| 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
$71,974
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,475 |
| Loan Amount | $187,425 |
10.08
YEARS SAVED
$36,403
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.92
LIST RENT PER SQFT
-
$1,718
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
4703 Glenview Ln Orlando, FL 4
- 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,720
- $0.92
-
10212 Sw Genesee Ln Ne Orlando, FL 1
- 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,840 Sqft ∙ Built 1981
LEASED 07/28/20- Rent
- Rent Per SQFT
- $1,685
- $0.92
-
4801 Ganimede Ln Orlando, FL 2
- 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981
LEASED 06/30/20- Rent
- Rent Per SQFT
- $1,700
- $0.91
-
10322 Lollipop Ln Orlando, FL 3
- 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981
LEASED 11/01/20- Rent
- Rent Per SQFT
- $1,720
- $0.92
-
10008 Garrison Ln Orlando, FL 5
- 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,873 Sqft ∙ Built 1981
LEASED 02/23/21- Rent
- Rent Per SQFT
- $1,725
- $0.92
PROPERTY LISTING DETAILS
1.407.353.5714
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5928278
Last Updated: 03/06/2021
