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10066 Custer Cir 
Orlando, FL
32817
3 Beds 2 Baths 1,518 sqft
Built 1988
INVESTimate
$289,000
List Price
$82,335
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PROPERTY INFO
FACTS
- Built In 1988
- Price/Sqft : $190.38
- 3 Days on Market
- MLS # : O5887543
- Updated Date : 08/25/2020 at 18:34
CONSTRUCTION
- Beds : 3
- Floor Size : 1,518 sqft
- Baths : 2 full
Listing Agent
Keller Williams Advantage Realty
Listing Agent's Description
Look no more, THIS is the home for you!! This charming 3/2 home has been well loved and cared for and it shows. This home features over 1500 square feet with a split floor plan. Renovated kitchen with beautiful granite counter tops. Super spacious master bedroom suite with renovated master bathroom and vanity with matching granite counter tops. Stylish wood laminate flooring and ceramic tile throughout the home. Two additional spacious bedrooms with great closet space. Not to mention a big screened back porch and backyard oasis complete with an above-ground pool in a fenced yard with no rear neighbors. This home is move-in ready! Kitchen renovated (2014), Master bath renovated (2013), 2nd bathroom renovated (2020), exterior painted (2015), Backyard patio and pool (2017), house re-plumed (2020), roof (2012).
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: Deans Landing at Sheffield Forests
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Deans Landing at Sheffield Forests
* 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 | $1,570 |
| EXPENSES | Loan Payment | -$1,066 |
| Property Tax | -$329 | |
| Property Insurance | -$127 | |
| HOA | -$27 | |
| Property Management Fees | -$141 | |
|
CASH FLOW
-$120
|
||
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.
$289,000
PROJECTED PRICE
$1,570
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 8.33% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$82,335
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,250 |
| Loan Amount | $216,750 |
2.5
YEARS SAVED
$6,793
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,570
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,567
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
10066 Custer Cir Orlando, 2
- 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1988
![property image]()
- Rent
- Rent Per SQFT
- $1,570
- $1.03
-
10496 Cresto Delsol Cir #5 Orlando, 1
- 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,457 Sqft ∙ Built 1990
![property image]()
LEASED 11/25/19- Rent
- Rent Per SQFT
- $1,488
- $1.02
-
10026 Chesham Dr Orlando, 3
- 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1987
![property image]()
LEASED 09/24/19- Rent
- Rent Per SQFT
- $1,600
- $1.06
-
10521 Caspar Ct Orlando, 4
- 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996
![property image]()
LEASED 09/23/19- Rent
- Rent Per SQFT
- $1,650
- $1.01
-
10412 Cresto Delsol Cir Orlando, 5
- 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,582 Sqft ∙ Built 1990
![property image]()
LEASED 08/19/20- Rent
- Rent Per SQFT
- $1,650
- $1.04
PROPERTY LISTING DETAILS
1.305.962.7407
Keller Williams Advantage Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5887543
Last Updated: 08/25/2020
