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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $195.85
- 2 Days on Market
- MLS # : S5046440
- Updated Date : 02/13/2021 at 12:46
CONSTRUCTION
- Beds : 3
- Floor Size : 2,170 sqft
- Baths : 2 full , 1 half
Listing Agent
Exp Realty Llc
Listing Agent's Description
YOUR NEW HOME AWAITS! Stunning 3 bedroom, 2.5 bath 2 car garage, and so much more!!! Welcome to the home of the future. State of the art solar panel and appliances, Solar power are eco-friendly and even friendlier on the wallet keeping monthly bills low! The chef of the house will be over-joyed with the spacious and open kitchen showcasing beautiful, wood cabinets, and stainless steel appliances to incldude Induction range and convection microwave. Water filtration system valued at $11,000. Level 5 granite throughout, 42 Inch cabinet, ceramic title throughout living areas. This home boasts an exquisite Master Suite that is sure to impress including a Supersized shower in master bath and huge master closet. Fitness facility, pool and club house in community. Like New Home, why pay for a new construction? Transferrable termite bond, HVAC under 4 yr maintenance plan, transferrable. Plenty of local shopping and dining nearby along with parks and lakes offering options for outdoor recreational activities. Close proximity to major highways for access to all of the incredible attractions and entertainment Central Florida has to offer. You do not want to miss out on this opportunity!
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: Randall Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Randall Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,120 |
| EXPENSES | Loan Payment | -$1,476 |
| Property Tax | -$622 | |
| Property Insurance | -$166 | |
| HOA | -$6 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$280
|
||
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.
$425,000
PROJECTED PRICE
$2,120
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 5.5% |
| 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
$118,375
LOAN DETAILS
$1,476
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $106,250 |
| Loan Amount | $318,750 |
2.08
YEARS SAVED
$5,690
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,120
LIST RENT -
$0.98
LIST RENT PER SQFT
-
$2,208
COMP ESTIMATED VALUE -
$1.02
COMP AVG. RENT PER SQFT
Comps Range
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8230 Corkfield Ave Orlando, FL 4
- 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2017
LEASED 06/10/20- Rent
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- $2,375
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10574 Langefield St Orlando, FL 5
- 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2013
LEASED 08/26/19- Rent
- Rent Per SQFT
- $2,400
- $1.08
PROPERTY LISTING DETAILS
1.321.209.4782
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5046440
Last Updated: 02/13/2021
