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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $162.00
- 3 Days on Market
- MLS # : O5911333
- Updated Date : 12/12/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,037 sqft
- Baths : 2 full , 1 half
Listing Agent
Invest Plus Realty Llc
Listing Agent's Description
Look no more! Turn-Key property on desirable location and huge updated backyard. This 3/2.5 is what you've been waiting for, well maintained and water view to the amazing Lake Hiawassee. This cozy home on excellent location is 5 Minutes away from FL Turnpike. Only 25 minutes away from Disney Parks and 15 minutes from Universal Studios.
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: Summer Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Summer Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,010 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$375 | |
| Property Insurance | -$158 | |
| HOA | -$49 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$81
|
||
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.
$330,000
PROJECTED PRICE
$2,010
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 5.6% |
| 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
$93,200
LOAN DETAILS
$1,218
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $82,500 |
| Loan Amount | $247,500 |
6.33
YEARS SAVED
$27,965
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,010
LIST RENT -
$0.99
LIST RENT PER SQFT
-
$2,124
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
948 Summer Lakes Dr Dr Orlando, FL 1
- 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 1987 3 beds 3 baths ∙ 2,037 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $2,010
- $0.99
-
7812 Bridgestone Dr Orlando, FL 2
- 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 1989
LEASED 04/18/20- Rent
- Rent Per SQFT
- $2,125
- $0.98
-
8134 Canyon Lake Cir Orlando, FL 3
- 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,212 Sqft ∙ Built 1996
LEASED 03/12/20- Rent
- Rent Per SQFT
- $2,135
- $0.97
-
7900 Bridgestone Dr Orlando, FL 4
- 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1996 3 beds 2 baths ∙ 2,050 Sqft ∙ Built 1996
LEASED 07/11/20- Rent
- Rent Per SQFT
- $2,200
- $1.07
-
8142 Canyon Lake Cir Orlando, FL 5
- 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,114 Sqft ∙ Built 1991
LEASED 09/14/20- Rent
- Rent Per SQFT
- $2,425
- $1.15
PROPERTY LISTING DETAILS
1.407.686.9740
Invest Plus Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5911333
Last Updated: 12/12/2020
