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 1998
- Price/Sqft : $140.72
- 4 Days on Market
- MLS # : O5915280
- Updated Date : 01/08/2021 at 14:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,345 sqft
- Baths : 2 full , 1 half
Listing Agent
The Listing Realty Llc
Listing Agent's Description
WATCH VIRTUAL TOUR! HURRY IT WON’T LAST! This SOLAR POWERED home is a steal at this price. The property is over 2300sqft sitting in almost a 1/4 OF AN ACRE, 4 bedrooms and 2.5 bathrooms. Home has had SEVERAL UPGRADES in recent years - ROOF (2018), AC (2018), TILE FLOORING (2018), INTERIOR PAINT (2018), FENCED (2020), upgraded kitchen and upstair bathroom, SMART SYSTEM (RING CAMERA, GOOGLE DOORBELL AND GOOGLE NEST), among other features. As soon as you enter, you will immediately notice how this AMAZING floorplan is BRIGHT and WELCOMING. You will also notice the UPGRADED TILE FLOORING with a WOOD like finished, flow right past your living room/dining room combo, you would find a guest bathroom to your right, and with a few more steps is your LUXURIOUS kitchen with MID-MODERN CENTURY fixtures, STAINLESS STEEL appliances, GRANITE countertop, 42" cabinetry and SLEEK BACKSPLASH. Yet another AMAZING feature of the home is the fact that the MASTER BEDROOM is on the FIRST FLOOR privately away from the remaining bedrooms upstairs. The master bathroom is equipped with DUAL SINK, a GARDEN tub and separate SHOWER. Walk upstairs and receive nice surprise with a HUMONGOUS loft, additional 3 bedrooms and a full bathroom. Go back downstairs, open the french door leading to your BEAUTIFUL extended PORCH, and a LARGE backyard - perfect for entertaining guests/family. The home has a great LOCATION, nearby schools, 3-5 minutes from I4 &414, 15 minutes from Altamonte, Maitland, Winter Park and College Park shopping and entertainment. VERY VERY LOW HOA.
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: Rosetta Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rosetta Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,770 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$375 | |
| Property Insurance | -$176 | |
| HOA | -$20 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$77
|
||
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.
$330,000
PROJECTED PRICE
$1,770
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 10.6% |
| 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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
3.67
YEARS SAVED
$10,958
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,770
LIST RENT -
$0.75
LIST RENT PER SQFT
-
$1,759
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
5658 Rywood Dr Orlando, FL 3
- 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 1998
- Rent
- Rent Per SQFT
- $1,770
- $0.75
-
4714 Park Eden Cir Orlando, FL 1
- 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,314 Sqft ∙ Built 2001
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,475
- $0.64
-
8345 Baywood Vista Dr Orlando, FL 2
- 3 beds 2 baths ∙ 2,265 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,265 Sqft ∙ Built 2003
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,735
- $0.77
-
5536 Burlwood Dr Orlando, FL 4
- 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,551 Sqft ∙ Built 2001
LEASED 08/18/20- Rent
- Rent Per SQFT
- $1,995
- $0.78
-
4750 Park Eden Cir Orlando, FL 5
- 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,571 Sqft ∙ Built 2001
LEASED 07/01/20- Rent
- Rent Per SQFT
- $2,075
- $0.81
PROPERTY LISTING DETAILS
1.407.558.5161
The Listing Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5915280
Last Updated: 01/08/2021
