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10134 Armando Cir Orlando, FL 32825

4 Beds 2 Baths 2,112 sqft Built 2012

$339,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $160.51
  • 3 Days on Market
  • MLS # : O5907545
  • Updated Date : 11/21/2020 at 09:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,112 sqft
  • Baths : 2 full
Listing Agent

Ameriteam Realty Inc

Listing Agent's Description

Beautiful "Designer Model" home located in Tierra Bella subdivision. Home's features: 4 beds, 2 baths, 2 car garage, very curb appeal landscaping with stone accents, brick paved front and back including driveway, granite counter tops with large island and breakfast bar, 42" expresso custom cabinets with crow molding and stainless steel knobs, "Whirlpool" stainless steel appliances including French doors refrigerator, inside utility room has "Samsung" top loaded washer & dryer, tile floor, wood laminated floor, double pane Low E windows, Energy Star Home Certified, Carrier AC system, master suite has walk-in closet, dual sink vanity, garden tub, separate glassed shower, rear porch with extended paved and huge screen enclosure. Community's features: swimming pool, playground. sidewalk. Very convenience to freeways 408 & 417, Waterford Lakes shopping center, Florida Hospital, Lockheed Martin, Siemen, Research Park, Valencia college, UCF, Full Sail University, Lake Nona, Orlando International Airport MCO, Downtown Orlando, Cocoa Beach, and not too far from all major attractions. It's in ready Move-In condition with 1 year home warranty.

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MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Zip Code: 32825

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $105k257k

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

Zip Code: 32825

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9201714

* 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
Cypress Springs Elementary School Primary Regular 758 53 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cypress Springs Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 53
9
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
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,251
Property Tax -$398
Property Insurance -$162
HOA -$98
Property Management Fees -$179
CASH FLOW
-$98

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.

$339,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.59%

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$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$8,056

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,980

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$1,9504$1,9905$2,100
$2,100
RENT COMPS ANALYSIS
  • 10134 Armando Cir Orlando, FL 4
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2012 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.94
    •  
  • 10039 Silmarien St Orlando, FL 1
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.86
    •  
  • 9842 Doriath Cir Orlando, FL 2
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.89
    •  
  • 10551 Bull Grass Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,022 Sqft ∙ Built 2013
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.96
    •  
  • 10775 Cabbage Tree Loop Orlando, FL 5
    • 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2013
    LEASED 03/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.04
    •  
PROPERTY LISTING DETAILS
Shettle Huynh
1.407.334.5575
Ameriteam Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907545
Last Updated: 11/21/2020
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