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PROPERTY INFO
FACTS
- Single Family
- Built In 1961
- Price/Sqft : $137.10
- 2 Days on Market
- MLS # : O5908594
- Updated Date : 11/29/2020 at 01:00
CONSTRUCTION
- Beds : 5
- Floor Size : 1,962 sqft
- Baths : 3 full
Listing Agent
Lokation
Listing Agent's Description
This is 5 bedroom 3 bathroom fully renovation property has many to offer. Freshly paint with title thought out the house. NEW ROOF September 2020, updated AC & water heater 2015. Spacious backyard with open POOL perfect for your outdoor entertainment. Closed to all major roads, shoppings, premium outlet.
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: Camellia Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Camellia Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$992 |
| Property Tax | -$301 | |
| Property Insurance | -$153 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
$55
|
||
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.
$269,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 6.6% |
| 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
$77,035
LOAN DETAILS
$992
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $67,250 |
| Loan Amount | $201,750 |
5
YEARS SAVED
$16,405
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,844
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
5746 Breskin Dr Orlando, FL 1
- 5 beds 3 baths ∙ 1,962 Sqft ∙ Built 1961 5 beds 3 baths ∙ 1,962 Sqft ∙ Built 1961
- Rent
- Rent Per SQFT
- $1,650
- $0.84
-
6220 Lynette St Orlando, FL 2
- 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1963
LEASED 08/20/20- Rent
- Rent Per SQFT
- $1,750
- $0.87
-
4000 Orkney Ave #1 Orlando, FL 3
- 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 1970
LEASED 11/04/20- Rent
- Rent Per SQFT
- $1,950
- $1.01
PROPERTY LISTING DETAILS
1.407.590.3886
Lokation
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5908594
Last Updated: 11/29/2020
