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 1972
- Price/Sqft : $131.82
- 3 Days on Market
- MLS # : O5912529
- Updated Date : 12/19/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,100 sqft
- Baths : 1 full , 1 half
Listing Agent
Valiant Realty Group Llc
Listing Agent's Description
Great Orlando 3 bedrooms, 1.5 bathrooms home with easy access to all area attractions, shopping, community centers and NO HOA. Additional features include; concrete block construction, fenced in backyard, central air and heat, car garage with side entry door and more. Call today for a preview.
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: Carver Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Carver Shores
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,170 |
| EXPENSES | Loan Payment | -$535 |
| Property Tax | -$183 | |
| Property Insurance | -$102 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$222
|
||
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.
$145,000
PROJECTED PRICE
$1,170
PROJECTED RENT
0.81%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 12.8% |
| 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
$44,175
LOAN DETAILS
$535
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $36,250 |
| Loan Amount | $108,750 |
12.17
YEARS SAVED
$31,773
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,170
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,207
COMP ESTIMATED VALUE -
$1.1
COMP AVG. RENT PER SQFT
Comps Range
-
5434 Karen Ct Orlando, FL 2
- 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,100 Sqft ∙ Built 1972
- Rent
- Rent Per SQFT
- $1,170
- $1.06
-
5317 Rosegay Ct Orlando, FL 1
- 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,116 Sqft ∙ Built 1972
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,100
- $0.99
-
5422 Cedar Ln Orlando, FL 3
- 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,183 Sqft ∙ Built 1991
LEASED 06/26/20- Rent
- Rent Per SQFT
- $1,350
- $1.14
-
5467 Karen Ct Orlando, FL 4
- 4 beds 2 baths ∙ 1,225 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,225 Sqft ∙ Built 1972
LEASED 03/11/20- Rent
- Rent Per SQFT
- $1,395
- $1.14
-
1706 Messina Ave Orlando, FL 5
- 4 beds 2 baths ∙ 1,250 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,250 Sqft ∙ Built 1971
LEASED 03/05/20- Rent
- Rent Per SQFT
- $1,400
- $1.12
PROPERTY LISTING DETAILS
1.407.592.7710
Valiant Realty Group Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5912529
Last Updated: 12/19/2020
