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9214 Kensington Row Ct Orlando, FL 32827

4 Beds 3 Baths 2,345 sqft Built 2006

$365,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2006
  • Price/Sqft : $155.65
  • 27 Days on Market
  • MLS # : O5897771
  • Updated Date : 11/02/2020 at 06:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,345 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Advantage Iii

Listing Agent's Description

MOVE IN READY HOME in Northlake Park at Lake Nona. Bright and well maintained open floor plan home. Home offers a formal dining and living room. Open kitchen offers plenty of storage space and overlooks the family room and breakfast area. Home has been meticulously cared for with new carpet and freshly painted inside, complete with a spacious laundry room and a two-car garage. NEW Air conditioner and furnace recently installed. Conveniently located near travel arteries like 528, 417, Florida Turnpike and 408, as well as minutes from Orlando International Airport and Medical City.

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: Northlake Park at Lake Nona

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k399k

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

Neighborhood: Northlake Park at Lake Nona

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10292542

* 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
 

$328,500$401,500$365,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,347
Property Tax -$528
Property Insurance -$176
HOA -$108
Property Management Fees -$201
CASH FLOW
-$130

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.

$365,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,206

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,222

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2303$2,3004$2,3955$2,450
$2,450
RENT COMPS ANALYSIS
  • 9214 Kensington Row Ct Orlando, FL 2
    • 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,345 Sqft ∙ Built 2006
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.95
    •  
  • 9576 Piccadilly Sky Way Orlando, FL 1
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006
    property image
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.83
    •  
  • 9672 Piccadilly Sky Way Orlando, FL 3
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.95
    •  
  • 9516 Piccadilly Sky Way Orlando, FL 4
    • 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,413 Sqft ∙ Built 2006
    property image
    LEASED 04/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.99
    •  
  • 9276 Cardinal Meadow Trl Orlando, FL 5
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $1.02
    •  
PROPERTY LISTING DETAILS
Kevin Kendrick
1.407.271.1854
Keller Williams Advantage Iii
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5897771
Last Updated: 11/02/2020
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