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PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $185.95
- 2 Days on Market
- MLS # : O5908552
- Updated Date : 11/29/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,210 sqft
- Baths : 2 full
Listing Agent
Re/max Downtown
Listing Agent's Description
Welcome home to the quiet and well-established Bel Aire Pines community! CONVENIENTLY LOCATED-You’ll be right off University Boulevard and close to shopping centers, restaurants, Full Sail University, University of Central Florida, Publix, the 417, Orlando Executive Airport, the Orlando and Sanford International Airports, Baldwin Park, Rollins College, golf courses, medical services, A-Rated Winter Park High School, within 60 miles of Atlantic Ocean beaches, the nightlife of downtown Orlando and fun weekends browsing the markets down Park Avenue. Inside this comfortable & well-maintained home the feeling is open & bright. Enjoy your morning cup of coffee on your front porch & enjoy your private back yard with NO REAR NEIGHBORS. UPGRADES & UPDATES: New HVAC (2015), New Air Handler (2018), Plumbing re-piped (2009/2010), Attic Insulation (2018), New Luxury waterproof vinyl plank flooring (2019), New Kitchen cabinets, granite counter top, refrigerator, stove and dishwasher (2019). LEASE WITH RIGHT TO PURCHASE OPTION ("RENT-TO-OWN") is also available for qualified buyers. As a new homeowner, enjoy a little extra peace of mind with the COMPLIMENTARY 1 YEAR HOME WARRANTY! If need be, READY FOR IMMEDIATE OCCUPANCY! Schedule an appointment, take a peek, make an offer! (Note: All property photos will be completed and uploaded by Monday evening, November 30th.)
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Bel-Aire Pines
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bel-Aire Pines
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$830 |
| Property Tax | -$235 | |
| Property Insurance | -$108 | |
| HOA | -$3 | |
| Property Management Fees | -$131 | |
|
CASH FLOW
$143
|
||
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.
$225,000
PROJECTED PRICE
$1,450
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 14.9% |
| 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
$65,375
LOAN DETAILS
$830
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $56,250 |
| Loan Amount | $168,750 |
7.42
YEARS SAVED
$24,934
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$1.2
LIST RENT PER SQFT
-
$1,216
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
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7165 Green Needle Dr Winter Park, FL 3
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3151 Black Pine Ave Winter Park, FL 1
- 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,356 Sqft ∙ Built 1983
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,145
- $0.84
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8101 Alveron Ave Orlando, FL 2
- 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1971
LEASED 06/24/20- Rent
- Rent Per SQFT
- $1,375
- $1.00
-
8027 Port Said St Orlando, FL 4
- 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1977
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,538
- $1.09
-
8220 Port Said St Orlando, FL 5
- 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,532 Sqft ∙ Built 1978
LEASED 10/09/19- Rent
- Rent Per SQFT
- $1,665
- $1.09
PROPERTY LISTING DETAILS
1.407.242.4525
Re/max Downtown
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5908552
Last Updated: 11/29/2020
