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1008 Fountain Coin Loop 
Orlando, FL
32828
4 Beds 3 Baths 2,877 sqft
Built 2014
INVESTimate
$410,000
List Price
$114,400
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PROPERTY INFO
FACTS
- Built In 2014
- Price/Sqft : $142.51
- 2 Days on Market
- MLS # : O5887286
- Updated Date : 08/25/2020 at 10:21
CONSTRUCTION
- Beds : 4
- Floor Size : 2,877 sqft
- Baths : 2 full , 1 half
Listing Agent
The Wilkins Way Llc
Listing Agent's Description
Stunning 4 bedroom 2.5 bathrooms + Office/Den + Loft waterfront home with 2,850+ square feet of space built in 2014 in The Reserve at Golden Isle. The kitchen features an extended oversized granite island, 42” white cabinets with crown, stainless steel appliances, wall mounted double oven, decorative tile backsplash, with a large walk in pantry! The kitchen opens to the living room and separate nook area with water views. The master bedroom is downstairs, extended with water views, with a tray ceiling. The master bathroom has a dual vanity with granite countertops, garden tub, and a walk in glass shower enclosure. Also downstairs is an office/den space with double French doors, a half bathroom, and the laundry room. Walking up the stairs with upgraded metal railings leads to a large loft space with 3 additional bedrooms and 1 full bathroom. Glass sliders lead onto the covered back patio with paver flooring that extends beyond the covered patio space into the backyard. The backyard is fully metal fenced in. Make an appointment to see this home today!
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: Alafaya
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Alafaya
* 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 | $2,290 |
| EXPENSES | Loan Payment | -$1,513 |
| Property Tax | -$478 | |
| Property Insurance | -$208 | |
| HOA | -$61 | |
| Property Management Fees | -$206 | |
|
CASH FLOW
-$177
|
||
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.
$410,000
PROJECTED PRICE
$2,290
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 6.08% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$114,400
LOAN DETAILS
$1,513
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,500 |
| Loan Amount | $307,500 |
2.42
YEARS SAVED
$8,959
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,290
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$2,028
COMP ESTIMATED VALUE -
$0.71
COMP AVG. RENT PER SQFT
Comps Range
-
1008 Fountain Coin Loop Orlando, 4
- 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,877 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $2,290
- $0.80
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15226 Galbi Dr Orlando, 1
- 3 beds 3 baths ∙ 2,690 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,690 Sqft ∙ Built 2006
LEASED 02/14/20- Rent
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- $1,795
- $0.67
-
15437 Galbi Dr Orlando, 2
- 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,996 Sqft ∙ Built 2006
LEASED 01/16/20- Rent
- Rent Per SQFT
- $1,950
- $0.65
-
1356 Maumee St Orlando, 3
- 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2006
LEASED 03/24/20- Rent
- Rent Per SQFT
- $2,015
- $0.74
-
15238 Galbi Dr Orlando, 5
- 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2006 4 beds 3 baths ∙ 3,024 Sqft ∙ Built 2006
LEASED 06/22/20- Rent
- Rent Per SQFT
- $2,300
- $0.76
PROPERTY LISTING DETAILS
1.407.375.9005
The Wilkins Way Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5887286
Last Updated: 08/25/2020
