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9861 Lake District Ln 
Orlando, FL
32832
3 Beds 3 Baths 2,707 sqft
Built 2005
INVESTimate
$375,000
List Price
$105,125
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PROPERTY INFO
FACTS
- Built In 2005
- Price/Sqft : $138.53
- 2 Days on Market
- MLS # : O5887806
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 2,707 sqft
- Baths : 2 full , 1 half
Listing Agent
Premium Properties R.e Service
Listing Agent's Description
Welcome home to East Park, a gorgeous Lake Nona Community located in Southeast Orlando conveniently located within minutes to the famed Medical City and Orlando International Airport. A warm paver driveway leads to this Isleworth floor plan by Mercedes Homes which sits on a premium lakefront lot with breathtaking views stretching across the quiet East Lake. The morning sunrises viewed from your private screen covered balcony are sure to knock your socks off. A private fenced courtyard offers an abundance of space to privately lounge or entertain with friends and family. The master bedroom has an additional 11'x11' sitting room which could also ideally serve as a nursery or office. Residents of East Park enjoy such community amenities as walking trails, 8 park areas, tennis courts, basketball courts, sand volleyball courts, playgrounds and picnic areas and pavilions. The community is centered around East Lake Park, which is a large lake with Park and Picnic areas. Accessible shopping plazas are just outside of the community and offer quick access to grocery, restaurants, shopping and other convenient businesses. Some of the best golfing in Florida can be found just around the corner. Call me to book a private viewing today before this home is off the market!
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: East Park
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: East Park
* 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 | $2,050 |
| EXPENSES | Loan Payment | -$1,384 |
| Property Tax | -$556 | |
| Property Insurance | -$198 | |
| HOA | -$23 | |
| Property Management Fees | -$185 | |
|
CASH FLOW
-$295
|
||
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.
$375,000
PROJECTED PRICE
$2,050
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 7.31% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$105,125
LOAN DETAILS
$1,384
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $93,750 |
| Loan Amount | $281,250 |
1
YEARS SAVED
$1,963
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,050
LIST RENT -
$0.76
LIST RENT PER SQFT
-
$2,071
COMP ESTIMATED VALUE -
$0.77
COMP AVG. RENT PER SQFT
Comps Range
-
9861 Lake District Ln Orlando, 1
- 3 beds 3 baths ∙ 2,707 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,707 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,050
- $0.76
-
9814 Moss Rose Way Orlando, 2
- 3 beds 3 baths ∙ 2,810 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,810 Sqft ∙ Built 2006
LEASED 10/24/19- Rent
- Rent Per SQFT
- $2,100
- $0.75
-
9836 Old Patina Way Orlando, 3
- 3 beds 3 baths ∙ 2,810 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,810 Sqft ∙ Built 2005
LEASED 07/29/20- Rent
- Rent Per SQFT
- $2,149
- $0.76
-
10065 Lake District Ln Orlando, 4
- 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 2006
LEASED 03/17/20- Rent
- Rent Per SQFT
- $2,150
- $0.77
-
9969 Moss Rose Way Orlando, 5
- 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,810 Sqft ∙ Built 2005
LEASED 09/26/19- Rent
- Rent Per SQFT
- $2,195
- $0.78
PROPERTY LISTING DETAILS
1.305.522.6073
Premium Properties R.e Service
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5887806
Last Updated: 08/26/2020
