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PROPERTY INFO
FACTS
- Single Family
- Built In 1966
- Price/Sqft : $143.07
- 3 Days on Market
- MLS # : O5919803
- Updated Date : 02/19/2021 at 20:51
CONSTRUCTION
- Beds : 4
- Floor Size : 1,992 sqft
- Baths : 4 full
Listing Agent
Agent Trust Realty Corporation
Listing Agent's Description
For investors or opportunity for family with in-laws. This great house has four bedrooms with 3 private bathrooms, two of the four bedroom have all the comforts and independent entrances. There are endless possibilities. Owners can live in the main part of the house, rent rooms with independent entrances, rent all the spaces separately or simply make it all their beautiful home. This house has 3 separate entrance doors. The a/c was replaced only 4 years ago! Ceramic title all the way through. Large backyard with a beautiful pool and space for recreation with friends and family. Location! Location! Location! Five minutes from Florida Mall, major attractions, restaurants and Expressways
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Sky Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Sky Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,240 |
| EXPENSES | Loan Payment | -$990 |
| Property Tax | -$324 | |
| Property Insurance | -$155 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$642
|
||
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.
$284,990
PROJECTED PRICE
$2,240
PROJECTED RENT
0.79%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.01% |
| Appreciation Year (1-5) | 13.2% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.82% |
| 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
$81,272
LOAN DETAILS
$990
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $71,248 |
| Loan Amount | $213,743 |
14.83
YEARS SAVED
$70,088
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$1.12
LIST RENT PER SQFT
-
$3,366
COMP ESTIMATED VALUE -
$1.69
COMP AVG. RENT PER SQFT
Comps Range
-
818 Nana Ave Orlando, FL 1
- 4 beds 4 baths ∙ 1,992 Sqft ∙ Built 1966 4 beds 4 baths ∙ 1,992 Sqft ∙ Built 1966
- Rent
- Rent Per SQFT
- $2,240
- $1.12
-
465 Mandalay Rd Orlando, FL 2
- 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1974 4 beds 3 baths ∙ 2,068 Sqft ∙ Built 1974
LEASED 09/30/20- Rent
- Rent Per SQFT
- $3,495
- $1.69
PROPERTY LISTING DETAILS
1.202.594.1711
Agent Trust Realty Corporation
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5919803
Last Updated: 02/19/2021
