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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $243.24
- 3 Days on Market
- MLS # : G5039170
- Updated Date : 02/27/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,850 sqft
- Baths : 2 full , 1 half
Listing Agent
Visionary Properties Inc
Listing Agent's Description
LOCATION !! GORGEOUS POOL HOME IN THE HEART OF THE DR PHILLIPS AT GRANADA VILLAS. Conveniently located to Specialty Shops, Trader Joe's, Restaurant Row, Entertainment, Disney, Universal Studios and the Airport. Enjoy Private Lake Access to Little Sand Lake at the Community Boat Ramp, Tennis Courts and Scenic Park and Picnic Area. Bring your Kayaks and Jet Skies. This 3 Bedroom/ 2.5 Bath Pool Home offers Florida Living at its Best, Open Floor Plan, Vaulted Ceilings, Great Room w/ cozy Fireplace, Freshly Painted Interior throughout, New Window Treatments, Security System w/Cameras, New AC (2020). Kitchen, Dining Room, Great Room and Master Suite all have Sliders to Lanai and Overlooks a Free Form Sparkling Pool w/Huge Waterfall & Spa. Large Master Suite features Spacious Walk-In Closet, En suite Bath, Custom Built Cabinetry, Dual Sinks, Granite Counter, Walk-in Shower w/access to Lanai. UNBELIEVABLE CUSTOM KITCHEN, a Chef's Dream Kitchen boasts Top of the Line Stainless Steel Appliances, Beautiful Custom Cabinetry, Quartz Counters & Back Splash, Pull Outs, Gas Stove and Barnyard Plank Floors. The Exterior features Spanish Tile Roof (2012) Cleaned, Sealed and Painted (1/2021), Oversized Garage freshly Painted, Hurricane Rated Garage Door and features Driveway w/Brick Pavers w/extra Parking Space. Easy Entertaining with Friends and Family with your Famous BBQ in the Huge Screened Lanai(36x32), Cooling off in the Pool, Relaxing in the Spa and Unwinding to the soft sounds of the Waterfall. JUST ANOTHER DAY IN PARADISE!!
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: Granada Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Granada Villas
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,220 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$502 | |
| Property Insurance | -$147 | |
| HOA | -$165 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$286
|
||
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.
$450,000
PROJECTED PRICE
$2,220
PROJECTED RENT
0.49%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 5.8% |
| 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
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
2.17
YEARS SAVED
$6,517
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,220
LIST RENT -
$1.2
LIST RENT PER SQFT
-
$2,215
COMP ESTIMATED VALUE -
$1.2
COMP AVG. RENT PER SQFT
Comps Range
-
8264 Lisbon Ct Orlando, FL 2
- 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,850 Sqft ∙ Built 1987
![property image]()
- Rent
- Rent Per SQFT
- $2,220
- $1.20
-
8011 Chianti Dr Orlando, FL 1
- 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1980
![property image]()
LEASED 01/06/21- Rent
- Rent Per SQFT
- $1,795
- $1.07
-
8007 Jozee Cir Orlando, FL 3
- 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,939 Sqft ∙ Built 1980
![property image]()
LEASED 09/30/20- Rent
- Rent Per SQFT
- $2,295
- $1.18
-
8123 Marcella Dr Orlando, FL 4
- 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1986
![property image]()
LEASED 02/09/21- Rent
- Rent Per SQFT
- $2,300
- $1.27
-
8100 S Ibiza Ct Orlando, FL 5
- 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 1986
![property image]()
LEASED 06/23/20- Rent
- Rent Per SQFT
- $2,475
- $1.27
PROPERTY LISTING DETAILS
1.352.636.0789
Visionary Properties Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: G5039170
Last Updated: 02/27/2021
