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PROPERTY INFO
FACTS
- Single Family
- Built In 1969
- Price/Sqft : $133.12
- 3 Days on Market
- MLS # : O5924918
- Updated Date : 02/20/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,171 sqft
- Baths : 3 full
Listing Agent
Black And White Realty Llc
Listing Agent's Description
Lovely, rare and highly desirable 4 bedroom 3 FULL bath home located in the growing Engelwood Park community with NO HOA! Front covered porch perfect for sharing a morning cup of coffee! Split floor plan with 2 master bedrooms. Separate living and dining room area with a separate family room for special family time! Covered lanai in rear opens to a fenced back yard. Located a short drive to grocery stores, restaurants, shopping and more. Convenient and easy access to highway 408 and other main roads. Just approximately 10 miles from Lake Nona and approximately 30 miles from the Disney Parks. Live the Florida lifestyle as you live, work and play in your own backyard.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Engelwood Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Engelwood Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,004 |
| Property Tax | -$364 | |
| Property Insurance | -$166 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$258
|
||
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.
$289,000
PROJECTED PRICE
$1,920
PROJECTED RENT
0.66%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 14.0% |
| 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
$82,335
LOAN DETAILS
$1,004
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $72,250 |
| Loan Amount | $216,750 |
9.33
YEARS SAVED
$37,183
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$0.88
LIST RENT PER SQFT
-
$1,862
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
-
6418 Mainsail Ct Orlando, FL 5
- 4 beds 3 baths ∙ 2,171 Sqft ∙ Built 1969 4 beds 3 baths ∙ 2,171 Sqft ∙ Built 1969
![property image]()
- Rent
- Rent Per SQFT
- $1,920
- $0.88
-
8176 Fraim Ct Orlando, FL 1
- 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 1978
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LEASED 02/10/20- Rent
- Rent Per SQFT
- $1,595
- $0.87
-
2740 Autumn Green Dr Orlando, FL 2
- 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,074 Sqft ∙ Built 1989
![property image]()
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,720
- $0.83
-
2010 Gamboge Dr Orlando, FL 3
- 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1988 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 1988
![property image]()
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,740
- $0.85
-
1718 Larkin Ave Orlando, FL 4
- 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 1962 4 beds 3 baths ∙ 2,142 Sqft ∙ Built 1962
![property image]()
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,895
- $0.88
PROPERTY LISTING DETAILS
1.407.913.4344
Black And White Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5924918
Last Updated: 02/20/2021
