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PROPERTY INFO
FACTS
- Single Family
- Built In 2000
- Price/Sqft : $169.08
- 5 Days on Market
- MLS # : O5913623
- Updated Date : 01/01/2021 at 16:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,863 sqft
- Baths : 2 full
Listing Agent
Real Living R E Solutions
Listing Agent's Description
One or more photo(s) has been virtually staged. ***Absolutely "Picture Perfect" CONTEMPORARY-STYLE-ESTATE HOME boasts a gorgeous BREAKFAST BAR KITCHEN with rich CARMEL cabinetry, DESIGNER TILE BACKSPLASH & tons of counter space! WOW! Light & naturally bright, this sparkling jewel offers a distinct aura of sophistication, yet in a totally relaxed atmosphere and also features EXTENSIVE CERAMIC TILE SET-ON-DIAGONAL w/ CUSTOM INLAYS, an envious MASTER RETREAT with LARGE WALK-IN CLOSET & SECONDARY REACH-IN CLOSET & a lavish bath with DUAL SINKS, SIZABLE SHOWER ENCLOSURE & SOOTHING SOAKER TUB! Hall bath comes complete with convenient backyard entry door too! ***BRAND NEW ROOF! (12/2020), ***NEWER A/C SYSTEM! ***FRESHLY PAINTED INTERIOR! Outdoor living & entertaining doesn't get much better... with an EXTENDED SCREENED COVERED LANAI & HIGH-GRADE VINYL PARTIAL FENCING... all nestled on a PREMIUM CORNER LOT with an OVERSIZED "BONUS FLEX SPACE" SIDE-ENTRY GARAGE! Much more! Perfectly situated in the highly coveted neighborhood of Fieldstream Estates, this family friendly community offers quiet tree lined streets and an easy drive to downtown Orlando, airport, UCF and Waterford Lakes Towne Center shopping... all makes this exciting home and idyllic lifestyle impossible to beat! HURRY TODAY and experience this once in a lifetime OWNERSHIP OPPORTUNTIY ...for tomorrow may be TOO LATE!
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: Fieldstream
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Fieldstream
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$358 | |
| Property Insurance | -$147 | |
| HOA | -$24 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$9
|
||
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.
$315,000
PROJECTED PRICE
$1,830
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 8.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| 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
$89,225
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,750 |
| Loan Amount | $236,250 |
5.33
YEARS SAVED
$20,536
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,840
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
548 Fieldstream Blvd Orlando, FL 3
- 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 2000
![property image]()
- Rent
- Rent Per SQFT
- $1,830
- $0.98
-
10713 Flycast Cir Orlando, FL 1
- 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,800 Sqft ∙ Built 2000
![property image]()
LEASED 01/22/20- Rent
- Rent Per SQFT
- $1,690
- $0.94
-
10513 Leader Ln Orlando, FL 2
- 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,722 Sqft ∙ Built 2001
![property image]()
LEASED 01/15/20- Rent
- Rent Per SQFT
- $1,700
- $0.99
-
10861 Fern Rock Rd Orlando, FL 4
- 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2011
![property image]()
LEASED 08/19/20- Rent
- Rent Per SQFT
- $1,850
- $1.00
-
11203 Spinning Reel Cir Orlando, FL 5
- 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2002
![property image]()
LEASED 06/18/20- Rent
- Rent Per SQFT
- $1,866
- $1.02
PROPERTY LISTING DETAILS
1.407.927.5118
Real Living R E Solutions
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5913623
Last Updated: 01/01/2021
