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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $196.19
- 3 Days on Market
- MLS # : O5907347
- Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,626 sqft
- Baths : 2 full
Listing Agent
Keller Williams Winter Park
Listing Agent's Description
Super energy-efficient 3BD/2BA solar home with brand new HVAC unit in the desirable Pembrooke neighborhood! This beautiful open floor plan, split-bedroom home with hardwood floors and vaulted ceilings has been well-maintained and is ready for it’s next homeowner. Updated white kitchen with stainless steel appliances, granite countertops, travertine floor and sky light over the breakfast nook. Separate dining room is open to the living and family rooms and is perfect for entertaining. Spacious master bedroom with a walk-in closet and master bath with granite countertop, dual sinks, travertine floor and a tub/shower combo with glass doors. Relax in the enclosed FL Room or in the private backyard that backs up to a wooded conservation area. The exterior of the home has recently been repainted and sits on a cul-de-sac across from the community pool, tennis court and dog park. AT&T Digital Life alarm and video monitoring system. Olympia school district and Mall at Millenia and Restaurant Row close by. Come see for yourself everything this amazing home and community has to offer.
SEE MORE
- 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.
- 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.
PRICE & RENT TRENDS
Neighborhood: Pembrooke
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Pembrooke
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,590 |
| EXPENSES | Loan Payment | -$1,177 |
| Property Tax | -$357 | |
| Property Insurance | -$133 | |
| HOA | -$53 | |
| Property Management Fees | -$143 | |
|
CASH FLOW
-$274
|
||
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.
$319,000
PROJECTED PRICE
$1,590
PROJECTED RENT
0.50%
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
$90,285
LOAN DETAILS
$1,177
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $79,750 |
| Loan Amount | $239,250 |
0.92
YEARS SAVED
$1,478
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,590
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$1,581
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
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7321 Hunterdon Ct Orlando, FL 1
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7204 Somersworth Dr Orlando, FL 2
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7718 Rollingridge Ct Orlando, FL 3
- 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1990
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- $1,800
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2626 Gilsom Ct Orlando, FL 4
- 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1989
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,800
- $0.98
-
7219 Hunterdon Dr Orlando, FL 5
- 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 1988
LEASED 03/26/20- Rent
- Rent Per SQFT
- $2,000
- $1.03
PROPERTY LISTING DETAILS
1.407.721.7612
Keller Williams Winter Park
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5907347
Last Updated: 11/21/2020
