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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $205.38
- 1 Days on Market
- MLS # : O5951709
- Updated Date : 07/13/2021 at 15:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,381 sqft
- Baths : 3 full
Listing Agent
Charles Rutenberg Realty Orlando
Listing Agent's Description
Welcome home! This spacious and newly renovated house is located on a quiet cul-de-sac. Brand new floors, brand new quartz countertops have been installed throughout the home. The master bedroom boasts a state of the art his/her shower and a stand alone tub. The kitchen has a oversized island. The family room/kitchen combo is an ideal and spacious place to make memories with family and friends. The large windows in the family room provide a lot of natural light as do all the other patio doors and windows throughout the home. Home is vacant and move in ready. Location is close to several major highways. Winter Park Village is a short drive way.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Plantation Grove West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Plantation Grove West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,250 |
| EXPENSES | Loan Payment | -$1,698 |
| Property Tax | -$618 | |
| Property Insurance | -$178 | |
| HOA | -$94 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$468
|
||
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.
$489,000
PROJECTED PRICE
$2,250
PROJECTED RENT
0.46%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 7.7% |
| 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
$135,335
LOAN DETAILS
$1,698
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $122,250 |
| Loan Amount | $366,750 |
0.92
YEARS SAVED
$1,744
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,250
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,327
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
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- $2,500
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LEASED 06/26/21- Rent
- Rent Per SQFT
- $2,500
- $1.03
PROPERTY LISTING DETAILS
1.407.308.5393
Charles Rutenberg Realty Orlando
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5951709
Last Updated: 07/13/2021
