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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $212.08
- 5 Days on Market
- MLS # : O5913848
- Updated Date : 01/01/2021 at 17:31
CONSTRUCTION
- Beds : 4
- Floor Size : 2,004 sqft
- Baths : 2 full
Listing Agent
Keller Williams Advantage Iii
Listing Agent's Description
Welcome to this pool home GEM situated on an expansive CORNER LOT in the established neighborhood of Hidden Springs in Dr. Phillips. Beautiful accents and mature landscaping greet you and pride ownership is evident from the moment you enter the home. As you enter, you’ll find a formal living room to your left which is currently set up as a media room to enjoy family movie nights and a formal dining room to your right. You’ll love the family gathering room with unique features including vaulted tongue and groove pine ceiling and gorgeous stone wood burning fireplace. The spacious kitchen features stainless steel appliances, beautiful warm cabinets and plenty of storage and counter space. The family room is open to the kitchen and dinette, all offering a view of the pool and amazing outdoor space. Whether you choose to have fun in the sun or relax under the stars near the outdoor fireplace, your private retreat will accommodate both. Plantation shutters throughout the home! All bedrooms are spacious and the beautiful bathrooms were recently renovated. NEW ROOF recently installed in DEC 2020. Hidden Springs is conveniently located near many schools, parks, malls, restaurants, several of Orlando’s favorite tourist attractions. Just less than 15 miles from downtown Orlando, Windermere, Ocoee, and Kissimmee. Also, just minutes away from International Drive, Universal Studios, SeaWorld and Walt Disney World.
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: Hidden Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Hidden Springs
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,210 |
| EXPENSES | Loan Payment | -$1,568 |
| Property Tax | -$474 | |
| Property Insurance | -$156 | |
| HOA | -$8 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$125
|
||
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.
$425,000
PROJECTED PRICE
$2,210
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 0.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| 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
$118,375
LOAN DETAILS
$1,568
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
4.17
YEARS SAVED
$19,735
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,210
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,924
COMP ESTIMATED VALUE -
$0.96
COMP AVG. RENT PER SQFT
Comps Range
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- Rent
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- $2,210
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8039 Golden Sands Dr Orlando, FL 1
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LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,500
- $0.78
-
8155 Bluestar Cir Orlando, FL 2
- 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 1986
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LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,500
- $0.78
-
6324 Orange Cove Dr Orlando, FL 3
- 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1983
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LEASED 09/07/20- Rent
- Rent Per SQFT
- $2,100
- $1.14
-
8191 Bluestar Cir Orlando, FL 4
- 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,928 Sqft ∙ Built 1986
![property image]()
LEASED 05/25/20- Rent
- Rent Per SQFT
- $2,200
- $1.14
PROPERTY LISTING DETAILS
1.407.271.1854
Keller Williams Advantage Iii
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5913848
Last Updated: 01/01/2021
