Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1981
- Price/Sqft : $202.03
- 4 Days on Market
- MLS # : O5918150
- Updated Date : 01/22/2021 at 11:21
CONSTRUCTION
- Beds : 4
- Floor Size : 1,381 sqft
- Baths : 2 full
Listing Agent
Assist 2 Sell All Sellers & Bu
Listing Agent's Description
Welcome to Winter Park and the wonderful neighborhood of Oakcrest with NO HOA! This home is on a quiet street centrally located near shopping, dining, the Cady Way Trail, and easy access to highways. As you step in to the home you will love the large kitchen that has plenty of cabinetry and countertop space – an ideal setting to prepare your favorite meals for family and friends. The kitchen flows seamlessly into the inviting living space which is the heart of the split bedroom floor plan. The master suite is on one side and the three bedrooms and additional bath on the opposite side. The flooring features engineered wood that is durable, easy to clean, and maintain. The living room is connected to a large screened-in lanai where you can relax and enjoy these beautiful sun-filled days or grill on your barbecue. Zoned for Seminole County Schools, this home is turn-key and move-in ready for its new owner!
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: Oakcrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oakcrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$969 |
| Property Tax | -$279 | |
| Property Insurance | -$119 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$125
|
||
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.
$279,000
PROJECTED PRICE
$1,620
PROJECTED RENT
0.58%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 8.0% |
| 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
$79,685
LOAN DETAILS
$969
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $69,750 |
| Loan Amount | $209,250 |
7.5
YEARS SAVED
$26,073
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$1.17
LIST RENT PER SQFT
-
$1,371
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
7343 Cook Ln Winter Park, FL 5
- 4 beds 2 baths ∙ 1,381 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,381 Sqft ∙ Built 1981
![property image]()
- Rent
- Rent Per SQFT
- $1,620
- $1.17
-
7353 Grand Ave Winter Park, FL 1
- 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1982
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,300
- $1.00
-
7422 Grand Ave Winter Park, FL 2
- 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1975
![property image]()
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,300
- $0.90
-
1369 Hyde Park Dr Winter Park, FL 3
- 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1987
![property image]()
LEASED 02/11/20- Rent
- Rent Per SQFT
- $1,550
- $1.02
-
3047 Ash Park Loop Winter Park, FL 4
- 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1988
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $1,600
- $1.05
PROPERTY LISTING DETAILS
1.407.889.2220
Assist 2 Sell All Sellers & Bu
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5918150
Last Updated: 01/22/2021
