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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $197.89
- 2 Days on Market
- MLS # : O5915727
- Updated Date : 01/09/2021 at 11:34
CONSTRUCTION
- Beds : 4
- Floor Size : 2,274 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
MUST SEE RANCH STYLE HOME w/ GOLF VIEWS from the front and back! LARGE LOT with over $35k in UPGRADES! Your new buyers will love this One Story, 2274sf., with 4 bedrooms and 2 baths. (4th room can be made into a bedroom with added closet). NEW A/C, NEW Hot Water Heater, NEW Luxury Vinyl Plank flooring and NEWER Guest Bathroom Remodel. This Premium lot is a RARE FIND in the Gated community of Orange Tree - featuring a resort-style pool with lake views and fitness center. Priced right and move in ready - this home features a light and bright floor plan with sliding glass doors in most every room. The popular floor design also includes beautiful views of the 4th hole on Orange Tree Golf Course. The well-equipped kitchen w/ great storage space and breakfast bar/island is adjacent to the kitchen nook and sun/bonus room. Perfect for entertaining family and friends. The Dining room features vaulted ceilings and is adjacent to the large Family Room. The MASTER SUITE is generous in size with a large walk-in closet. There are 3 more guest bedrooms which share a completely Remodeled Guest Bath. Buyers will appreciate the $10k in luxurious designer upgrades which includes the over-sized shower. Enjoy a BBQ and golf views from the spacious, screened lanai. The 3 car garage provides the extra storage space every homeowner hopes for. This home is a terrific find in our fast moving market. The Orange Tree golf clubhouse was recently remodeled and limited memberships are still available. The community also has multiple recreational facilities, waterfront swimming pool and recreation center, tennis, basketball, volleyball, and fitness center. Dr. Phillips is best known for it’s local shopping, proximity to the airport and the famous Restaurant Row. There is also easy access to major roadways, yet privacy for personal enjoyment. Welcome 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: Orange Tree
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Orange Tree
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,130 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$502 | |
| Property Insurance | -$172 | |
| HOA | -$154 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$390
|
||
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.
$450,000
PROJECTED PRICE
$2,130
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 4.6% |
| 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
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
1.25
YEARS SAVED
$2,627
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,130
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,149
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
6944 Edgeworth Dr Orlando, FL 2
- 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,274 Sqft ∙ Built 1986
- Rent
- Rent Per SQFT
- $2,130
- $0.94
-
7249 Woodville Cres Orlando, FL 1
- 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,133 Sqft ∙ Built 1986
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,700
- $0.80
-
7218 Green Pine Ct Orlando, FL 3
- 5 beds 3 baths ∙ 2,280 Sqft ∙ Built 1987 5 beds 3 baths ∙ 2,280 Sqft ∙ Built 1987
LEASED 07/21/20- Rent
- Rent Per SQFT
- $2,150
- $0.94
-
7237 Woodville Crescent Orlando, FL 4
- 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,217 Sqft ∙ Built 1987
LEASED 10/12/20- Rent
- Rent Per SQFT
- $2,200
- $0.99
-
7242 Woodville Cres Orlando, FL 5
- 4 beds 2 baths ∙ 2,474 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,474 Sqft ∙ Built 1986
LEASED 02/01/20- Rent
- Rent Per SQFT
- $2,595
- $1.05
PROPERTY LISTING DETAILS
1.407.492.8800
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5915727
Last Updated: 01/09/2021
