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PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $196.35
- 1 Days on Market
- MLS # : O5911246
- Updated Date : 12/13/2020 at 00:42
CONSTRUCTION
- Beds : 3
- Floor Size : 1,726 sqft
- Baths : 2 full
Listing Agent
Home Wise Realty Group Inc
Listing Agent's Description
MOVE IN READY! BEAUTIFUL 3/2 SIGNLE FAMILY HOME IN GATED COMMUNITY. SPACIOUS OPEN FLOOR PLAN, BREAKFAST AREA, FORMAL DINNING, NO BACK TO BACK NEIGHBOUR, ENJOY SCREENED LANAI WITH A LOT OF PRIVACY IN YOUR OWN BACK YARD EASY ACCESS TO HIGHWAY, SHOPPING, DINNING AND MORE......
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Peachtree
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Peachtree
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,910 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$397 | |
| Property Insurance | -$139 | |
| HOA | -$108 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$114
|
||
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.
$338,900
PROJECTED PRICE
$1,910
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 5.5% |
| 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
$95,559
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,725 |
| Loan Amount | $254,175 |
3.67
YEARS SAVED
$13,444
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,910
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,912
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
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- $2,000
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8839 Abbotsbury Dr Windermere, FL 4
- 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 2004
LEASED 12/18/19- Rent
- Rent Per SQFT
- $2,100
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-
8838 Abbotsbury Dr Windermere, FL 5
- 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2004
LEASED 12/06/20- Rent
- Rent Per SQFT
- $2,100
- $1.15
PROPERTY LISTING DETAILS
1.917.517.4563
Home Wise Realty Group Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5911246
Last Updated: 12/13/2020
