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9138 Fort Jefferson Blvd Orlando, FL 32822

4 Beds 2 Baths 1,898 sqft Built 1994

$295,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $155.43
  • 1 Days on Market
  • MLS # : O5913416
  • Updated Date : 12/27/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,898 sqft
  • Baths : 2 full
Listing Agent

La Rosa Realty Lake Nona Inc

Listing Agent's Description

Welcome home to this spacious well kept 4 bedroom 2 bath home with vaulted ceilings, inside laundry including washer /dryer. Boosting with new upgrades in year 2020: New roof, new energy-efficient double pane windows througout, fresh paint outside, new dishwasher, new huge screened lanai/porch and in 2019: fresh paint inside, new water heater, new A/C, new laminated floors throughout and new floor tile in the kitchen, new garagedoor opener, 7 new ceiling fans, new front door. What a dream what more could you wish for. Stonebrige community with low HOA is located close to International airport, shopping, major roads, medical city, area attractions and under 1 hour to beaches. Contact listing agent today to schedule your showing

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Stonebridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $105k255k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Stonebridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8941712

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,088
Property Tax -$336
Property Insurance -$149
HOA -$22
Property Management Fees -$129
CASH FLOW
$26

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.

$295,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,088

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$20,712

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,750

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,822

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7953$1,7954$1,8905$2,000
$2,000
RENT COMPS ANALYSIS
  • 9138 Fort Jefferson Blvd Orlando, FL 1
    • 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,898 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.92
    •  
  • 5857 Lake Champlain Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2002
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
  • 5532 Florence Harbor Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,020 Sqft ∙ Built 2004
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.89
    •  
  • 8800 Palisades Beach Ave Orlando, FL 4
    • 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,079 Sqft ∙ Built 2003
    property image
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.91
    •  
  • 8711 Hastings Beach Blvd Orlando, FL 5
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2003
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
PROPERTY LISTING DETAILS
Bee Nielsen
1.321.331.7028
La Rosa Realty Lake Nona Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913416
Last Updated: 12/27/2020
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