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PROPERTY INFO
FACTS
- Single Family
- Built In 1960
- Price/Sqft : $170.81
- 3 Days on Market
- MLS # : O5906195
- Updated Date : 11/20/2020 at 09:36
CONSTRUCTION
- Beds : 3
- Floor Size : 1,610 sqft
- Baths : 2 full
Listing Agent
Keller Williams Advantage Realty
Listing Agent's Description
Come see this beautiful 3 bedroom, 2 bath split plan home with office in Orlando before it's gone! The full grown hess avocado tree in the front yard produces some amazing and delicious avocados! There are additional fruit trees in the yard, including a fig tree, lemon-lime tree, grapefruit tree, and banana tree! Plenty of room to add a mango tree and others in this no HOA subdivision! Many recent upgrades including roof in 2016. Current owners replaced AC, plumbing, new gutters, water heater, electrical panel box in 2017. Home features double paned storm windows, double paned French Doors, and terrazzo flooring! As you open the front door you walk into the inside to the left is the master bedroom, and the other two bedrooms are to the right and share the adjoining bathroom. The kitchen is to the left, behind the kitchen is the family room with fireplace, and to the right is the Florida room. The Florida room over looks a long and deep pool, and the pool pump was replaced in 2018. The backyard is all set up for entertaining your family and friends! The fenced was replaced in 2016. Close to I4 and only minutes from downtown Orlando and Winter Park! Hurry to get it before it's gone!!
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: Kingswood Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Kingswood Manor
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$1,015 |
| Property Tax | -$313 | |
| Property Insurance | -$132 | |
| Property Management Fees | -$139 | |
|
CASH FLOW
-$58
|
||
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.
$275,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 9.2% |
| 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
$78,625
LOAN DETAILS
$1,015
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
3.08
YEARS SAVED
$8,191
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$0.96
LIST RENT PER SQFT
-
$1,268
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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5313 Sumerset St Orlando, FL 4
- 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1960
- Rent
- Rent Per SQFT
- $1,540
- $0.96
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530 Ruffel St Eatonville, FL 1
- 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,331 Sqft ∙ Built 1966
LEASED 08/01/19- Rent
- Rent Per SQFT
- $1,140
- $0.86
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18 Eaton St Eatonville, FL 2
- 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1964 4 beds 2 baths ∙ 1,635 Sqft ∙ Built 1964
LEASED 11/26/19- Rent
- Rent Per SQFT
- $1,195
- $0.73
-
4233 Shorecrest Dr Orlando, FL 3
- 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1952 4 beds 2 baths ∙ 1,900 Sqft ∙ Built 1952
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,350
- $0.71
-
1709 Baltimore Dr Orlando, FL 5
- 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1965 3 beds 2 baths ∙ 1,815 Sqft ∙ Built 1965
LEASED 08/07/19- Rent
- Rent Per SQFT
- $1,550
- $0.85
PROPERTY LISTING DETAILS
1.414.870.2221
Keller Williams Advantage Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5906195
Last Updated: 11/20/2020
