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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $131.25
- 2 Days on Market
- MLS # : O5925034
- Updated Date : 02/21/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,285 sqft
- Baths : 2 full , 1 half
Listing Agent
Keller Williams At The Parks
Listing Agent's Description
One or more photo(s) has been virtually staged. **New Stainless Steel Appliances on the way**LARGE en-suite on the 1st floor** Your spacious home has plenty of room to meet all your needs. The front living/dining room combo is light and bright with high ceilings. Make your way to the kitchen with a large family room/kitchen combo floorplan with high ceilings. Your en-suite is conveniently located on the first floor with a HUGE WALK-IN closet and bathroom. Two large storage closets, half bath and laundry room are on the first floor. The first floor is all TILE. The 2nd floor is laminate. The upstairs has a large bonus room and three bedrooms. Two of the bedrooms AND the bonus room have WALK-IN closets. Robinson Hills neighborhood has easy access to 429, Clarcona Ocoee, Apopka Vineland Rd, Hiawassee Rd and Orange Blossom Trail.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Robinson Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Robinson Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,850 |
| EXPENSES | Loan Payment | -$1,042 |
| Property Tax | -$342 | |
| Property Insurance | -$173 | |
| HOA | -$33 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$132
|
||
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.
$299,900
PROJECTED PRICE
$1,850
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 11.4% |
| 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
$85,224
LOAN DETAILS
$1,042
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
7.17
YEARS SAVED
$25,983
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,850
LIST RENT -
$0.81
LIST RENT PER SQFT
-
$1,834
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 11/18/20- Rent
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- $1,900
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LEASED 03/12/20- Rent
- Rent Per SQFT
- $1,949
- $0.91
PROPERTY LISTING DETAILS
1.407.399.1747
Keller Williams At The Parks
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5925034
Last Updated: 02/21/2021
