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818 E Kenucky Ln Orlando, FL 32824

3 Beds 2 Baths 1,132 sqft Built 1985

$249,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $219.96
  • 4 Days on Market
  • MLS # : S5047394
  • Updated Date : 03/12/2021 at 09:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,132 sqft
  • Baths : 2 full
Listing Agent

Agent Trust Realty Corporation

Listing Agent's Description

LOCATION LOCATION LOCATION!!!!! NO HOA!!!!! Single family house with 3 bedrooms and 2 bathrooms "BEATIFUL POOL" screen porch, freshly painted interior Tile floor. Minutes away from 417, and the Florida Turnpike, and shopping center. Access to great shopping, restaurants, famous Florida beaches, the world's best entertainment and recreation at Disney World and Universal Studios. Excellent medical care near Lake Nona Medical City, minutes from the airport and principal highways.

SEE MORE

MARKET HIGHLIGHTS

  • 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

Neighborhood: Meadow Woods Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $84k253k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Meadow Woods Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8931712

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Meadow Woods Elementary School Primary Regular 520 37 3
South Creek Middle School Middle Regular 949 54 4
Cypress Creek High School High Magnet 3,124 148 5

Meadow Woods Elementary School

  • Education Level: Primary
  • # of students: 520
  • # of teachers: 37
3
GreatSchools Rating

South Creek Middle School

  • Education Level: Middle
  • # of students: 949
  • # of teachers: 54
4
GreatSchools Rating

Cypress Creek High School

  • Education Level: High
  • # of students: 3,124
  • # of teachers: 148
5
GreatSchools Rating
 

$224,100$273,900$249,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$865
Property Tax -$279
Property Insurance -$104
Property Management Fees -$129
CASH FLOW
-$36

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.

$249,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$865

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$10,541

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,340

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,166

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,3403$1,3994$1,5505$1,550
$1,550
RENT COMPS ANALYSIS
  • 818 E Kenucky Ln Orlando, FL 2
    • 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,132 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.18
    •  
  • 12701 Wyoming Woods Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1985
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.88
    •  
  • 812 Monopoly Ct Orlando, FL 3
    • 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,346 Sqft ∙ Built 1991
    LEASED 12/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $1.04
    •  
  • 235 Minnesota Woods Ln Orlando, FL 4
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1984
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.10
    •  
  • 12569 Indiana Woods Ln Orlando, FL 5
    • 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1984
    LEASED 10/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.10
    •  
PROPERTY LISTING DETAILS
Carla Toro
1.407.300.9467
Agent Trust Realty Corporation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5047394
Last Updated: 03/12/2021
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