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7540 Azalea Cove Cir 
Orlando, FL
32807
3 Beds 2 Baths 1,544 sqft
Built 2012
INVESTimate
$285,000
List Price
$81,275
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PROPERTY INFO
FACTS
- Built In 2012
- Price/Sqft : $184.59
- 2 Days on Market
- MLS # : O5887265
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,544 sqft
- Baths : 2 full
Listing Agent
Re/max Innovation
Listing Agent's Description
Immaculate - Gorgeous – Beautiful – Single story 3 Bedroom, 2 Bath, 2 Car Garage, ready to move in, located in highly sought after neighborhood in East Orlando. 2012 house, just like brand new, well cared for and meticulously maintained. Kitchen has 42” tall cabinets, pantry, stainless steel appliances, dishwasher (brand new), breakfast bar and separate dining room. Kitchen faces the family room with open plan and view of the backyard. Master bedroom has 2 separate his and her closets, tray ceiling, double sink in the bathroom, with shower. Owners are leaving the washer and dryer plus lots of garden equipment. Outside was recently painted and has gutter installed. Tree-plant lovers: the owner has planted several ornamental and fruit trees and well cared for. All rooms have blinds and fans with lights in living room and one bedroom. Just minutes to downtown, close to International and Executive airport, Shopping, Valencia Community College, UCF, hospitals, Waterford Lakes Shopping Center, close to I-4, I-408 and more. Come check it out, bring offers. Won’t last. Buyer and or buyer's agent to verify all information.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Gatehouse Club Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Gatehouse Club Condominiums
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,550 |
| EXPENSES | Loan Payment | -$1,052 |
| Property Tax | -$324 | |
| Property Insurance | -$128 | |
| HOA | -$37 | |
| Property Management Fees | -$140 | |
|
CASH FLOW
-$130
|
||
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.
$285,000
PROJECTED PRICE
$1,550
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 12.69% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.82% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
1.75
YEARS SAVED
$4,220
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,550
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,351
COMP ESTIMATED VALUE -
$0.88
COMP AVG. RENT PER SQFT
Comps Range
-
7540 Azalea Cove Cir Orlando, 3
- 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 2012
- Rent
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- $1.00
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7825 Bear Claw Run Orlando, 2
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005
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- $1,495
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7648 Bear Claw Run Orlando, 4
- 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2005
LEASED 11/02/19- Rent
- Rent Per SQFT
- $1,595
- $0.87
-
573 Short Pine Cir Orlando, 5
- 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1992
LEASED 11/19/19- Rent
- Rent Per SQFT
- $1,700
- $0.96
PROPERTY LISTING DETAILS
1.407.592.3309
Re/max Innovation
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5887265
Last Updated: 08/26/2020
