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 1992
- Price/Sqft : $174.46
- 4 Days on Market
- MLS # : O5917793
- Updated Date : 01/22/2021 at 11:05
CONSTRUCTION
- Beds : 3
- Floor Size : 1,562 sqft
- Baths : 2 full
Listing Agent
Keller Williams Advantage Realty
Listing Agent's Description
Warm and contemporary 3 bed 2 bath home in quiet, serene Orlando neighborhood of Huckleberry Fields. Just through the front door awaits a versatile living/dining space perfect for entertaining. Past that awaits kitchen with breakfast bar and matching stainless steel appliances. Kitchen boasts a built in pantry. Behind the kitchen is a spacious family room that leads to the backyard through a fully screened back porch. High ceilings throughout home. Backyard is fully fenced and well landscaped. Located conveniently near the Waterford shopping center and major roadways. Come home to your peaceful personal retreat in busy Orlando 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: Huckleberry Fields
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huckleberry Fields
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,700 |
| EXPENSES | Loan Payment | -$947 |
| Property Tax | -$310 | |
| Property Insurance | -$129 | |
| HOA | -$85 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$100
|
||
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.
$272,500
PROJECTED PRICE
$1,700
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 6.1% |
| 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
$77,963
LOAN DETAILS
$947
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,125 |
| Loan Amount | $204,375 |
7.33
YEARS SAVED
$24,063
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,700
LIST RENT -
$1.09
LIST RENT PER SQFT
-
$1,542
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
857 Ferry Landing Ln Orlando, FL 5
- 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,562 Sqft ∙ Built 1992
![property image]()
- Rent
- Rent Per SQFT
- $1,700
- $1.09
-
13533 Waterhouse Way Orlando, FL 1
- 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1998
![property image]()
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,650
- $0.97
-
13005 Cog Hill Way Orlando, FL 2
- 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1993
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,650
- $1.03
-
107 Razorbill Ct Orlando, FL 3
- 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1995
![property image]()
LEASED 11/13/20- Rent
- Rent Per SQFT
- $1,696
- $0.97
-
13541 Waterhouse Way Orlando, FL 4
- 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 1996
![property image]()
LEASED 07/15/20- Rent
- Rent Per SQFT
- $1,700
- $0.98
PROPERTY LISTING DETAILS
1.407.978.4326
Keller Williams Advantage Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5917793
Last Updated: 01/22/2021
