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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $133.52
- 2 Days on Market
- MLS # : S5043863
- Updated Date : 12/12/2020 at 20:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,539 sqft
- Baths : 2 full
Listing Agent
La Rosa Realty Kissimmee
Listing Agent's Description
Welcome home in highly sought after community in Winter Park! Priced to sell! 4 Bedroom home with an extra room used as a man cave/ Office! New roof to be installed around Mid January 2021. Newly painted interior. 2 A/c units, one independently used to control man cave with separate door for side entrance! Extra high 10ft garage ceilings! 8x18 commercial garage door! Extra wide 22ft concrete driveway. Ladder racks in garage. Hidden storage room above garage with 525 Sq. Ft. of storage! 2 storage barns included with property... 8x10 and 12x8. Stone wall fireplace in family room! Corner lot
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: Garden Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Garden Grove
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,290 |
| EXPENSES | Loan Payment | -$1,251 |
| Property Tax | -$369 | |
| Property Insurance | -$188 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$353
|
||
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.
$339,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.68%
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
$95,585
LOAN DETAILS
$1,251
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
10.42
YEARS SAVED
$60,794
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$2,437
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
-
5651 Garden Grove Cir Winter Park, FL 3
- 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,539 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $2,290
- $0.90
-
4100 Aldergate Pl Winter Springs, FL 1
- 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2000
LEASED 06/19/20- Rent
- Rent Per SQFT
- $2,100
- $0.87
-
4594 Whimbrel Pl Winter Park, FL 2
- 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,303 Sqft ∙ Built 1988
LEASED 09/21/20- Rent
- Rent Per SQFT
- $2,100
- $0.91
-
5656 Pats Pt Winter Park, FL 4
- 3 beds 3 baths ∙ 2,325 Sqft ∙ Built 2003 3 beds 3 baths ∙ 2,325 Sqft ∙ Built 2003
LEASED 06/26/20- Rent
- Rent Per SQFT
- $2,500
- $1.08
-
7901 Lake Waunatta Dr Winter Park, FL 5
- 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1979 4 beds 3 baths ∙ 2,807 Sqft ∙ Built 1979
LEASED 02/12/20- Rent
- Rent Per SQFT
- $2,750
- $0.98
PROPERTY LISTING DETAILS
1.954.548.0326
La Rosa Realty Kissimmee
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5043863
Last Updated: 12/12/2020
