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PROPERTY INFO
FACTS
- Single Family
- Built In 1966
- Price/Sqft : $129.50
- 6 Days on Market
- MLS # : O5910866
- Updated Date : 12/29/2020 at 19:06
CONSTRUCTION
- Beds : 3
- Floor Size : 1,583 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
A gorgeous updated home and ready for a new owner... and IT COULD BE YOU!! This spacious 3 bedroom-2 bathroom home has a tastefully updated kitchen and bathrooms. The home sits on an oversized lot that is more than a 1/4 acre and it's one of the largest on the market in the neighborhood. The backyard is a relaxing oasis with a screened in patio and a hot tub overlooking a well manicured lawn. This well established neighborhood is centrally located with major roadways and shopping nearby. It's also less than 30 minutes from downtown Orlando and theme parks. This home is and must see, schedule your appointment soon it's surely to go quickly.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Sylvan Hylands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sylvan Hylands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,360 |
| EXPENSES | Loan Payment | -$756 |
| Property Tax | -$233 | |
| Property Insurance | -$131 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$111
|
||
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.
$205,000
PROJECTED PRICE
$1,360
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 12.4% |
| 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
$60,075
LOAN DETAILS
$756
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $51,250 |
| Loan Amount | $153,750 |
7.58
YEARS SAVED
$22,985
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,360
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,164
COMP ESTIMATED VALUE -
$0.74
COMP AVG. RENT PER SQFT
Comps Range
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4857 Pat Ann Ter Orlando, FL 4
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- Rent
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2127 Ashland Blvd Orlando, FL 1
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LEASED 02/12/20- Rent
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- $925
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- 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1955 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1955
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,250
- $0.76
-
2524 Martinwood Dr Orlando, FL 3
- 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,740 Sqft ∙ Built 1959
LEASED 06/16/20- Rent
- Rent Per SQFT
- $1,325
- $0.76
-
1713 Lake Lorine Dr Orlando, FL 5
- 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 1958
LEASED 07/13/20- Rent
- Rent Per SQFT
- $1,375
- $0.79
PROPERTY LISTING DETAILS
1.407.209.7791
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5910866
Last Updated: 12/29/2020
