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PROPERTY INFO
FACTS
- Single Family
- Built In 1974
- Price/Sqft : $169.71
- 4 Days on Market
- MLS # : O5915951
- Updated Date : 01/14/2021 at 08:09
CONSTRUCTION
- Beds : 3
- Floor Size : 1,532 sqft
- Baths : 2 full
Listing Agent
Keller Williams Advantage 2 Realty
Listing Agent's Description
Desirable floorplan with a SPARKLING POOL in your private FENCED BACKYARD and NO HOA! Explore the home with a walk-thru video at https://youtube.com/embed/0yhneyQJZV4. As you step in to the foyer, the beautiful PORCELAIN TILE will catch your eye. To your right a large family room will become your place to gather and relax. Further in to the home the kitchen features STAINLESS STEEL APPLIANCES and good counter prep space. With sightlines out to the patio and pool, it will be easy to keep an eye on things while preparing snacks or meals to serve up in the COVERED PATIO or in the adjacent dining room. The split floorplan of the house has two secondary bedrooms and a full bath on one side of the house, while the master is located on the other, with its own full bathroom and WALK-IN CLOSET. Located just 5 minutes from great shopping and restaurants surrounding the Florida Mall, close to the airport, and just 7 miles down Orange Avenue from downtown Orlando, you’ll enjoy the location of your new home!
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: American Heritage Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: American Heritage Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,540 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$296 | |
| Property Insurance | -$128 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$85
|
||
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.
$260,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 11.3% |
| 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
$74,650
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
6.5
YEARS SAVED
$19,778
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,406
COMP ESTIMATED VALUE -
$0.92
COMP AVG. RENT PER SQFT
Comps Range
-
6745 Paul Revere Ct Orlando, FL 4
- 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,532 Sqft ∙ Built 1974
- Rent
- Rent Per SQFT
- $1,540
- $1.01
-
529 American Heritage Pkwy Orlando, FL 1
- 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,386 Sqft ∙ Built 1973
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,050
- $0.76
-
1701 Perkins Rd Belle Isle, FL 2
- 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,188 Sqft ∙ Built 1959
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,100
- $0.93
-
6725 Kelland Ave Orlando, FL 3
- 4 beds 2 baths ∙ 1,375 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,375 Sqft ∙ Built 1970
LEASED 03/15/20- Rent
- Rent Per SQFT
- $1,400
- $1.02
-
213 W Buchanon Ave Orlando, FL 5
- 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,718 Sqft ∙ Built 1958
LEASED 08/06/19- Rent
- Rent Per SQFT
- $1,649
- $0.96
PROPERTY LISTING DETAILS
1.407.970.6776
Keller Williams Advantage 2 Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5915951
Last Updated: 01/14/2021
