Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $147.28
- 2 Days on Market
- MLS # : O5907586
- Updated Date : 11/22/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,077 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
Wow! Check out this beautiful, completely renovated home! From the minute you pull up to this cul-de-sac property you will be impressed with the freshly-painted exterior, brand new garage door and new roof (2016), new AC (2018). Enter through the grand entry double doors to a large foyer, giving you lots of natural light. Check out the brand-new kitchen with shaker style cabinets, stainless steel appliances, gorgeous marble-like granite countertops, eat-in area and large island make this kitchen perfect for families and entertaining. Step into the large dining room which is open and bright featuring recessed lighting. Don't miss the amazing laundry room where you will be happy to do your laundry with it's built-in cabinetry, sink and whimsical backsplash tile. The great/family room is oversized and can easily hold a sectional. The master bedroom and bath are a true retreat with new carpeting, double master closets and a fully renovated master bathroom. Two bedrooms are on the other side of the house and the fully updated hall bathroom is the perfect size. The Florida room stretches across the back of the house and is air-conditioned with Mexican tile floors. The backyard is fully fenced and wow the pond view is something you will enjoy every night! Don't miss seeing this amazing home, schedule your showing today!
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
Neighborhood: Rose Hill Groves
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Rose Hill Groves
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,630 |
| EXPENSES | Loan Payment | -$1,129 |
| Property Tax | -$349 | |
| Property Insurance | -$160 | |
| HOA | -$25 | |
| Property Management Fees | -$147 | |
|
CASH FLOW
-$179
|
||
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.
$305,900
PROJECTED PRICE
$1,630
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 11.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| 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
$86,814
LOAN DETAILS
$1,129
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $76,475 |
| Loan Amount | $229,425 |
1.5
YEARS SAVED
$3,164
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,630
LIST RENT -
$0.78
LIST RENT PER SQFT
-
$1,719
COMP ESTIMATED VALUE -
$0.83
COMP AVG. RENT PER SQFT
Comps Range
-
8407 Sunsprite Ct Orlando, FL 2
- 3 beds 2 baths ∙ 2,077 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,077 Sqft ∙ Built 1993
- Rent
- Rent Per SQFT
- $1,630
- $0.78
-
8534 Sunsprite Ct #no Orlando, FL 1
- 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1997
LEASED 09/13/19- Rent
- Rent Per SQFT
- $1,500
- $0.82
-
8555 White Rose Dr Orlando, FL 3
- 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1989
LEASED 10/01/20- Rent
- Rent Per SQFT
- $1,770
- $0.80
-
9161 Pristine Cir Orlando, FL 4
- 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1987
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,795
- $0.84
-
1127 Byerly Way Orlando, FL 5
- 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 1989
LEASED 11/06/19- Rent
- Rent Per SQFT
- $1,800
- $0.85
PROPERTY LISTING DETAILS
1.321.231.5814
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5907586
Last Updated: 11/22/2020
