Orange Grove Villas | Incredible Orlando, FL apartment complex in rare zip code. Modern updates for urban apartment living. 25-Unit Value Opportunity in Nation's #1 Growing Market. Features (25) one-bedroom apartments. New ownership will acquire a perfect value-add opportunity to renovate and lease-up the detached 25th unit. Additional benefits include proximity to population growth (+62% population growth since 2000), strong demand (95% average submarket occupancy), positive rent growth projections, and proximity to major employers including Disney World, Universal Studios + Universal Epic Universe, and AdventHealth Orlando Hospital.
Cost Analysis Performed as Rental Property
In:
Rent - $429,564.00
Out:
(Annual) Property Taxes - $21,461.00
(Annual) Estimated Insurance - $18,446.00
(Annual) Property Management (Optional) - $34,365.12
(Annual) Estimated Utilities/Lawn/Repair/Misc. - $47,328.00
Total Costs - $121,600.12
Net: $307,963.88
Earn:
Total yearly net equates to - $307,963.88
Total monthly gross equates to - $35,797.00