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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $186.03
- 2 Days on Market
- MLS # : O5918923
- Updated Date : 01/24/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,499 sqft
- Baths : 3 full
Listing Agent
Sunny 365 Realty Group
Listing Agent's Description
Spectacular 4 bed, 3 baths, giant driveway, fenced home complete with a gate on an extra-large lot full of upgrades in the desirable community of Summerlake. 100% Energy Star 3.1 certified MI Homebuilder. Open floor plan with the family room located at the rear of the home with plenty of natural light from the sliding glass door leading to the sunroom and the fenced backyard. From the moment you enter you will be surprised with all the details that this house has to offer. Porcelain floors in neutral colors in the common areas. The kitchen features extra-thick quartz countertops, a three-door refrigerator, a wine cooler, and a gourmet kitchen. Enjoy beautiful sunsets in the back garden with extended pavers where it can accommodate 6 cars in the driveway and space for large celebrations, it also has a mini-golf with three holes, and all this space has more than $ 12,000 in the fence with gate. The wooden staircase with railings leads to the second laminate floor in the common areas. The main bedroom has a huge closet and a sitting area with sunset views. This house has everything you can dream of. Come and make it your home.
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
Zip Code: 34787
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34787
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
INCOME | Rent | $2,340 |
EXPENSES | Loan Payment | -$1,615 |
Property Tax | -$544 | |
Property Insurance | -$185 | |
HOA | -$189 | |
Property Management Fees | -$129 | |
CASH FLOW
-$322
|
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.
$464,900
PROJECTED PRICE
$2,340
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
Expense Inflation | 2.50% |
Rental Growth Year (1-5) | 3.63% |
Appreciation Year (1-5) | 6.4% |
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
$128,949
LOAN DETAILS
$1,615
MONTHLY LOAN PAYMENT
Term | 30 Years |
Interest | 3.75% |
Down Payment | $116,225 |
Loan Amount | $348,675 |
1.67
YEARS SAVED
$5,076
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,340
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,374
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
PROPERTY LISTING DETAILS
1.407.873.8379
Sunny 365 Realty Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5918923
Last Updated: 01/24/2021