Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

10115 Marsh Pine Cir Orlando, FL 32832

4 Beds 2 Baths 2,309 sqft Built 2002

INVESTimate

$349,900

List Price

$2,020

$1,818 - $2,222

Rent Est.

$366,555  ( +4.76%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $151.54
  • 5 Days on Market
  • MLS # : O5887059
  • Updated Date : 08/23/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,309 sqft
  • Baths : 2 full
Listing Agent

Fusilier Realty Group

Listing Agent's Description

Beautifully maintained 4 Bedrooms/2 Baths home with Conservation lot in the North Shore at Lake Hart. Formal Dining & Living room, Kitchen has Granite Countertops and all Stainless steel appliances. Eat-in space with Family room leads Screened lanai on Conservation Creek and Relax & Enjoy a cup of coffee. Split Floor plan, Large Master bedroom has a walking closet, Shower & Bath Tub, and Cultured Marble Vanity Top with Double Sink, Decent size of 3 Bedrooms and Guest Bathroom has Tub and Cultured Marble Vanity Top with Sink. A-rated Moss Park Elementary inside the community, convenient location to Shopping and Dining, and easy access to Orlando’s airports and expressways. Lots of amenities for a low HOA! New Wood-like Luxury Vinyl Floor Plank installed in Aug. 2020, Exterior paint in Mar. 2019, New Hot water tank in Feb. 2019, New Roof in Jul. 2018, and New AC in Mar. 2014

SEE MORE

MARKET HIGHLIGHTS

  • 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: North Shore at Lake Hart

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k434k

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

Neighborhood: North Shore at Lake Hart

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292305

* 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
Moss Park Elementary School Primary Regular 1,318 96 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Moss Park Elementary School

  • Education Level: Primary
  • # of students: 1,318
  • # of teachers: 96
8
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,291
Property Tax -$391
Property Insurance -$174
HOA -$105
Property Management Fees -$182
CASH FLOW
-$123

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.

$349,900

PROJECTED PRICE

$2,020

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.76%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,979

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,015

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8593$2,0204$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 10115 Marsh Pine Cir Orlando, 3
    • 4 beds 2 baths ∙ 2,309 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,309 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.87
    •  
  • 10181 Marsh Pine Cir Orlando, 1
    • 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 2003
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 9644 Myrtle Creek Ln Orlando, 2
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2002
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,859
    • $0.88
    •  
  • 9920 Mountain Lake Dr Orlando, 4
    • 4 beds 2 baths ∙ 2,458 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,458 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 10164 Hart Branch Cir Orlando, 5
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2002
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Hajime Shimabukuro
1.407.435.1910
Fusilier Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5887059
Last Updated: 08/23/2020
BESbswy