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PROPERTY INFO
FACTS
- Single Family
- Built In 1977
- Price/Sqft : $212.08
- 1 Days on Market
- MLS # : O5957669
- Updated Date : 07/13/2021 at 15:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,556 sqft
- Baths : 2 full
Listing Agent
Premium Properties R.e Service
Listing Agent's Description
This fully upgraded house is situated on a large lot located in a quiet and established neighborhood. When you walk in, you are greeted by an open floor plan that is flooded with light from the new backdoor. These doors lead you out to a large backyard that will host all of your family's parties from here on out! Back inside, you will see an updated kitchen (including updated plumbing!) that features granite countertops and stainless steel appliances. The kitchen island has enough room to fit seats to give you extra space for eating in addition to the dining room space. When you venture down the hallway, you will come across the guest bathroom which has been updated to include two sinks. The three bedrooms are all spacious and the master includes two closets. Make an appointment to come see it today!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Lake Shore Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Shore Gardens
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$1,146 |
| Property Tax | -$417 | |
| Property Insurance | -$129 | |
| HOA | -$8 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$199
|
||
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.
$330,000
PROJECTED PRICE
$1,630
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 7.1% |
| 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
$93,200
LOAN DETAILS
$1,146
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
2.17
YEARS SAVED
$4,667
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$1,241
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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- $1,620
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PROPERTY LISTING DETAILS
1.407.600.8017
Premium Properties R.e Service
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5957669
Last Updated: 07/13/2021
