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10052 Cypress Glen Pl Orlando, FL 32825

3 Beds 2 Baths 1,251 sqft Built 1997

$269,900

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $215.75
  • 3 Days on Market
  • MLS # : S5046121
  • Updated Date : 02/06/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,251 sqft
  • Baths : 2 full
Listing Agent

Goodwin Realty & Associates, Inc

Listing Agent's Description

LOCATION LOCATION LOCATION..... THIS HOME IS FOR YOUR PICKIEST BUYERS. IMPECCIBLY KEPT 3 BEDROOM 2 BATHROOM HOME HAS AN OPEN FLOORPLAN PERFECT FOR ENTERTAINING. WITH THE WOOD FLOORS THROUGHOUT MOST OF THE HOME, IT IS VIRTURALLY MAINTENANCE FREE. BEAUTIFUL WOOD CABINETS AND GRANITE/SOLID SURFACE COUNTERTOPS. UPDATED BATHROOMS AS WELL. THE SPACIOUS. YOU WILL BE ABLE TO ENJOY THE SCREENED PATIO ALL YEAR LONG AND THE OPEN PATIO IS PERFECT FOR GRILLING OUT. THE PROPERTY IS FENCED IN WITH A WOOD PRIVACY FENCE. CLOSE TO PUBLIC TRANSPORTATION, SHOPPING, RESTURANTS, SCHOOLS (UCF) AND LESS THEN A MINUET FROM THE 408. THIS HOME WILL NOT DISAPPOINT. NEW EXTERIOR PAINT AND LANDSCAPING. HIGHEST AND BEST WILL BE SUBMITTED TO THE SELLER ON 2/8/2021 5:00 PM.

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MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Cypress Glen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $105k253k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Cypress Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8741712

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Union Park Elementary School Primary Regular 488 33 3
Union Park Middle School Middle Regular 873 52 3
University High School High Magnet 3,111 141 5

Union Park Elementary School

  • Education Level: Primary
  • # of students: 488
  • # of teachers: 33
3
GreatSchools Rating

Union Park Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 52
3
GreatSchools Rating

University High School

  • Education Level: High
  • # of students: 3,111
  • # of teachers: 141
5
GreatSchools Rating
 

$242,910$296,890$269,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$937
Property Tax -$307
Property Insurance -$111
HOA -$24
Property Management Fees -$129
CASH FLOW
-$28

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.

$269,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$77,274

INVESTMENT

$77,274

Down Payment
$67,475
Rehab Estimate
$5,750
Closing Costs
$4,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$937

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $67,475
Loan Amount $202,425
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$11,802

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $1,480

    LIST RENT
  • $1.18

    LIST RENT PER SQFT
  • $1,092

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$9953$1,0754$1,1005$1,480
$1,480
RENT COMPS ANALYSIS
  • 10052 Cypress Glen Pl Orlando, FL 5
    • 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,251 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.18
    •  
  • 9387 Dubois Blvd Orlando, FL 1
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1994
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.82
    •  
  • 10441 Bridlewood Ave Orlando, FL 2
    • 3 beds 2 baths ∙ 1,091 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,091 Sqft ∙ Built 1989
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $995
    • $0.91
    •  
  • 9286 Spring Vale Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1987
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,075
    • $0.89
    •  
  • 10207 Rondell Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1998
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.87
    •  
PROPERTY LISTING DETAILS
Carolee Goodwin-blackmore
1.407.908.6042
Goodwin Realty & Associates, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5046121
Last Updated: 02/06/2021
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