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PROPERTY INFO
FACTS
- Single Family
- Built In 2001
- Price/Sqft : $191.43
- 2 Days on Market
- MLS # : O5912705
- Updated Date : 12/26/2020 at 16:32
CONSTRUCTION
- Beds : 3
- Floor Size : 1,645 sqft
- Baths : 2 full
Listing Agent
La Rosa Realty Horizons Llc
Listing Agent's Description
THIS HOUSE WON'T LAST LONG! WELCOME TO A GREAT COMMUNITY IN OCOEE. Unlike newer communities, Sawmill offers a mature unconventional homes neighborhood, where finding land and a cookie cutter is not every homeowner's want. This contemporary home comes with a nearly new 5 yr old roof, irrigation system and privacy fence. This charming home sits on a little over a 1/4 Acre CORNER Lot, 4/2 or 3/2 with Den/Study/Office. Flex room could be considered the 4th room with an already built-in closet. Larger than most split floor Master bedrooms, Bath with Jetted Tub and built-in Master shelves closet. Gorgeous traditional real WOOD burning fireplace centrally located in the family room with a carved mantle frame. Owners invested a lot of thought in creating great resort style space in the exterior of the home. Grandiose enclosed massive rear porch is great for entertaining family and friend gatherings, which include an extraordinary 15,000 gallon, 3ft - 6ft pool. The full-length porch has ample space for cool summer days. The inviting uncommonly large over size palm tree allows the character to be quite breathtaking. Enjoy the finished open air spacious deck with a permitted workshop Shed containing a working A/C unit and 334 square ft of large work space. This shed has space for your future needs for a quick install of a bathroom for the pool. The side fence private gate allows space for nice size boat storage space. This great home is located minutes from major highways such as 429, 408, Florida’s Turnpike, and 414. In less than 15 minutes, you can end near the Historic Downtown Winter Garden, Winter Garden Village, many well-known restaurants and other shops.
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: Sawmill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sawmill
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,730 |
| EXPENSES | Loan Payment | -$1,162 |
| Property Tax | -$398 | |
| Property Insurance | -$134 | |
| HOA | -$13 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$105
|
||
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.
$314,900
PROJECTED PRICE
$1,730
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 11.7% |
| 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
$89,199
LOAN DETAILS
$1,162
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $78,725 |
| Loan Amount | $236,175 |
3.5
YEARS SAVED
$11,149
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,730
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,559
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
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- $1,650
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- 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,928 Sqft ∙ Built 2004
LEASED 01/24/20- Rent
- Rent Per SQFT
- $1,695
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LEASED 12/01/20- Rent
- Rent Per SQFT
- $1,795
- $0.98
PROPERTY LISTING DETAILS
1.407.948.9621
La Rosa Realty Horizons Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5912705
Last Updated: 12/26/2020
