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9577 Venezia Plantation Dr 
Orlando, FL
32829
4 Beds 3 Baths 2,244 sqft
Built 2003
INVESTimate
$330,000
List Price
$93,200
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PROPERTY INFO
FACTS
- Built In 2003
- Price/Sqft : $147.06
- 2 Days on Market
- MLS # : O5887651
- Updated Date : 08/26/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,244 sqft
- Baths : 2 full , 1 half
Listing Agent
Coldwell Banker Residential Re
Listing Agent's Description
Are you looking for EXTRA space INSIDE and OUT? Come see all this 4 bedroom, 2 and a half bath BEAUTY – which happens to be sitting on one of the BIGGEST lots in the neighborhood has to offer! For flexibility, the office area directly off the living area could EASILY be converted into a 5th bedroom. The front end of the home offers a FORMAL living dining area combo that can also be used as a CASUAL secondary entertainment or TV/GAMING area. VOLUME ceilings as you enter this home together with the LARGE and OPEN kitchen area are perfect for spending LOTS of time entertaining. The kitchen offers an ISLAND, eating space and a SLIDER leading to the OVERSIZED, mostly fenced backyard. Start and end your day RELAXING on the 9’ x 28’ SCREENED back patio, which is perfect for large gatherings. The upstairs master suite offers a LARGE closet as well as a DOUBLE VANITY, GARDEN TUB and NEWLY framed SEPARATE shower. Upstairs you will also find bedrooms 2, 3 and 4, as well as a full second bathroom, LAUNDRY ROOM and LOFT / FLEX space. The exterior of the home was painted and roof replaced within the past TWO years. A home warranty is being offered for additional peace of mind. The CONVENIENT location to the 417/ 528 / 408 and the ORLANDO INTERNATIONAL AIRPORT make commuting a breeze. An added bonus is the proximity to the South Econ Community Park, RENAISSANCE SENIOR CENTER, South Econ Recreation Center and the Orange County / Orlando Magic Recreation Center. You & your new home will be the ENVY of ALL your friends!! Call TODAY for your PRIVATE viewing – it won’t last long!
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Vista East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Vista East
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,218 |
| Property Tax | -$410 | |
| Property Insurance | -$170 | |
| HOA | -$60 | |
| Property Management Fees | -$176 | |
|
CASH FLOW
-$74
|
||
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
$1,960
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 6.83% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| Length of Stay Years | 2 |
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 |
2.83
YEARS SAVED
$9,190
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$0.87
LIST RENT PER SQFT
-
$1,952
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
9577 Venezia Plantation Dr Orlando, 3
- 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,244 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,960
- $0.87
-
9277 Venezia Plantation Dr Orlando, 1
- 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,985 Sqft ∙ Built 2004
LEASED 10/25/19- Rent
- Rent Per SQFT
- $1,650
- $0.83
-
9097 Venezia Plantation Dr Orlando, 2
- 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,111 Sqft ∙ Built 2004
LEASED 04/18/20- Rent
- Rent Per SQFT
- $1,800
- $0.85
-
3465 Fox Hollow Dr Orlando, 4
- 3 beds 3 baths ∙ 2,206 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,206 Sqft ∙ Built 1991
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,995
- $0.90
-
9187 Tivoli Chase Dr Orlando, 5
- 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,246 Sqft ∙ Built 2006
LEASED 10/21/19- Rent
- Rent Per SQFT
- $2,015
- $0.90
PROPERTY LISTING DETAILS
1.407.808.0300
Coldwell Banker Residential Re
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5887651
Last Updated: 08/26/2020
