2. The
Rental
Investment
Property
Do
Your
Research
and
Know
Your
Market
Single-‐family
homes
occupied
by
renters
has
increased
substan>ally
throughout
the
years,
and
will
con>nue
to
grow
Downtown
Orlando
–
5.5
miles
Orlando
Regional
Hospital
-‐
5
miles
SunRail
Sta=on
–
less
than
1.2
miles
Orlando
Interna=onal
Airport
–
4.5
miles
Lake
Nona
Medical
Community
–
9.7
miles
Cocoa
Beach
–
50
miles
(data
retrieved
from
Google
Maps)
3. Income Rental Proper4es: Benefits of Buying
1. Fixed Monthly Rental Income
2. Long-‐term apprecia4on of your home that will increase in value
3. Major Tax Write-‐Offs for your Income Property
4. Diversifica4on of investment porSolio
4. Have a Plan: Basic Business Plan Will Work
First-‐Year
Income
Expecta=on
How
many
years
do
you
want
to
hold
the
property?
What
is
good
ROI
for
you?
How
much
do
you
want
to
invest?
How
much
to
put
aside
for
home
maintenance
and
vacancy?
5. Gross Poten4al Income : Numbers That MaXer
Rental
income
+
Vacancy
Loss
-‐-‐
Payments
-‐-‐
Expenses
-‐-‐
Cash
Flow
=
6. Gross Poten4al Income : Numbers That MaXer
Standard
3/2
home
in
Belle
Isle.
Built
in
late
1950s
to
1970s
at:
$150,000
Average
rental
rate
for
the
Orange
and
surrounding
coun=es
for
3/2
(no
pool)
:
$1,400.00
Cash
investment
of
$50,000
;
carry
a
30-‐year
fixed
mortgage
Loan
Informa1on
Loan
amount
$100,000
Annual
interest
rate
5%
Number
of
months
360
Monthly
principal
and
interest
payment
$536.82
Monthly
property
taxes
$86.50
Monthly
hazard
insurance
$83.33
Monthly
PMI
(if
applicable)
$.00
Total
monthly
payment
(including
taxes,
insurance,
and
PMI
if
applicable)
$706.65
Es=mated
monthly
mortgage
payments:
$706.65
(including
tax,
insurance,
interest)
Annual
mortgage
payments:
$8,479.80
(including
tax,
insurance,
interest)
Gross
Poten1al
Income
Rental
Income
$16,800.00
Annual
Mortgage
$8,479.80
Vacancy
Rate
$650.00
Annual
Maintenance
Fund
$650.00
Return
on
Investment
$7,020.20
ROI
on
$50,000
(cash)
14%
(Figures
may
vary
depending
upon
certain
variables)
7. Why Belle Isle?
§ Affordable real estate market
§ Friendly Central Florida community
§ Ideal loca4on for families or young adults
§ Offers the lowest property and u4lity taxes in Orange County
§ Loca4on and proximity to major surrounding businesses and local employers
§ Highly undervalued area that offers excep4onal growth poten4al
§ Proximity to SunRail Sta4on; commuter railway service in Greater Orlando area
§ Conway Chain of Lakes access
8. Income
data
for
Belle
Isle
generated
from
Property
Report
on
MLS
9. Understanding Regional Proper4es
Maintenance Concerns:
• Roofs
• Air-‐condi4oning Units
• Termites
• Mold
Knowing
your
property
and
understanding
the
region
it
is
located
in,
will
beRer
help
you
make
wise
choices
as
an
investor.
10.
www.FloridaSpiritHomes.com
Visit
Florida
Spirit
Real
Estate
website
Inquire
about
proper=es
Request
info;
research
market
info
Look
at
proper=es
in
Belle
Isle
Talk
with
a
trusted
Florida
Spirit
Realtor
