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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $173.08
- 3 Days on Market
- MLS # : S5042660
- Updated Date : 11/14/2020 at 22:39
CONSTRUCTION
- Beds : 4
- Floor Size : 2,022 sqft
- Baths : 3 full
Listing Agent
G World Lake Nona
Listing Agent's Description
Gorgeous 4 bedroom 3 bath home located in the amazing Forest Lake Estates. This community is located near the West Orange Trail where you can enjoy many fun filled family activities. This spacious single story floor plan offers a fully open concept living, dining and kitchen space. The kitchen includes a gourmet kitchen island, 42” upper cabinets, granite countertops, backsplash, and Stainless Steel Appliances. The flooring throughout the home with the exception of the bathrooms, is covered by DuraLux Vinyl, scratch and stain resistant but best of all, water resistant! Owners Retreat features generously sized bedroom with vaulted ceilings, stand up shower and walk-in closet. The three other bedrooms are located off to the front of the home, as you walk in to your left is your the first bedroom with jack-n-jill bathroom leading into the 2nd bedroom. Bathroom features shower, granite countertops and tile flooring. This split plan features an additional full bedroom and bathroom. Enjoy the privacy of your fenced in back yard, while relaxing under the Pergola in the back patio. This home showcases double pane low-e windows, brick paver driveway and walkway, rocker switches, and much more! You'll love the high end finishes. This home shows like a model! Must see! 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: Ocoee
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Ocoee
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,830 |
| EXPENSES | Loan Payment | -$1,291 |
| Property Tax | -$391 | |
| Property Insurance | -$157 | |
| HOA | -$82 | |
| Property Management Fees | -$165 | |
|
CASH FLOW
-$255
|
||
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.
$349,975
PROJECTED PRICE
$1,830
PROJECTED RENT
0.52%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 4.0% |
| 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
$98,493
LOAN DETAILS
$1,291
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $87,494 |
| Loan Amount | $262,481 |
1.08
YEARS SAVED
$1,974
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,830
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$1,587
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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3291 Fawnwood Dr Ocoee, FL 3
- 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2005
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- $1,675
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2532 Grand Poplar St Ocoee, FL 4
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LEASED 12/31/19- Rent
- Rent Per SQFT
- $1,795
- $0.86
PROPERTY LISTING DETAILS
1.407.591.9026
G World Lake Nona
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5042660
Last Updated: 11/14/2020
