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PROPERTY INFO
FACTS
- Single Family
- Built In 1991
- Price/Sqft : $173.75
- 2 Days on Market
- MLS # : O5912864
- Updated Date : 12/26/2020 at 11:02
CONSTRUCTION
- Beds : 3
- Floor Size : 1,364 sqft
- Baths : 2 full
Listing Agent
Keller Williams Classic
Listing Agent's Description
MOVE IN READY home in a long established and quiet community of Clarion Oaks! It is rare to have a house go on the market in this neighborhood and this is a great opportunity for a fantastic house that will meet all your needs! As you pull in front of the house you'll immediately notice how neat and tidy the property is, and how well kept the house looks! As soon as you walk in you will notice that this house has wonderfully vaulted ceilings, and a casual and comfortable living space with the kitchen opening to the living space and with a wonderful bay window with room to enjoy your coffee and breakfast. The master bedroom is spacious and has great closet space, and is located in the rear of the house and has windows that look onto the back yard space. The master bath has been updated ! The remaining two bedrooms and bathroom are located at the front of the house and that bathroom has also been updated! As a bonus, these owners have converted part of the garage for a bonus room, den, office or homeschool space all under air! Such a great house perfect for a first time buyer in a long established and quiet community of clarion oaks ! Schedule your tour TODAY! Check out the link on the virtual tour to walk through this house virtually.
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Rosemont North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rosemont North
* 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 | -$874 |
| Property Tax | -$294 | |
| Property Insurance | -$118 | |
| HOA | -$26 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$81
|
||
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.
$237,000
PROJECTED PRICE
$1,360
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 10.9% |
| 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
$68,555
LOAN DETAILS
$874
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $59,250 |
| Loan Amount | $177,750 |
3.42
YEARS SAVED
$7,839
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 -
$1
LIST RENT PER SQFT
-
$1,054
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
5126 Clarion Oaks Dr Orlando, FL 4
- 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,364 Sqft ∙ Built 1991
- Rent
- Rent Per SQFT
- $1,360
- $1.00
-
4726 Robbins Ave Orlando, FL 1
- 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,184 Sqft ∙ Built 1994
LEASED 02/12/20- Rent
- Rent Per SQFT
- $900
- $0.76
-
4822 Nantucket Ln Orlando, FL 2
- 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,195 Sqft ∙ Built 1975
LEASED 02/12/20- Rent
- Rent Per SQFT
- $900
- $0.75
-
4773 Lantern Ct Orlando, FL 3
- 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1998
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,000
- $0.73
-
5406 Britan Dr Orlando, FL 5
- 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,679 Sqft ∙ Built 1988
LEASED 08/29/19- Rent
- Rent Per SQFT
- $1,435
- $0.85
PROPERTY LISTING DETAILS
1.407.432.9180
Keller Williams Classic
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5912864
Last Updated: 12/26/2020
