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

10345 Crystal Point Dr #3 Orlando, FL 32825

3 Beds 2 Baths 1,609 sqft Built 1994

$289,990

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $180.23
  • 3 Days on Market
  • MLS # : S5047475
  • Updated Date : 03/06/2021 at 22:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,609 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful move-in ready pool home, conveniently located close to UCF, Valencia College, Waterford Lakes Shopping Center and major highways. The home's features include vaulted ceiling, split floor plan, formal dining and living room as well as an eat in kitchen and family room, and so much more! Enjoy the upcoming summer season in your backyard as you bask in the beautiful pool with a screen enclosure. Come view this home today before it's gone!

SEE MORE

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

Neighborhood: Huntridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $105k253k

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

Neighborhood: Huntridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8931712

* 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
Lawton Chiles Elementary School Primary Regular 692 49 7
Legacy Middle School Middle Regular 974 49 3
University High School High Magnet 3,111 141 5

Lawton Chiles Elementary School

  • Education Level: Primary
  • # of students: 692
  • # of teachers: 49
7
GreatSchools Rating

Legacy Middle School

  • Education Level: Middle
  • # of students: 974
  • # of teachers: 49
3
GreatSchools Rating

University High School

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

$260,991$318,989$289,990

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,007
Property Tax -$330
Property Insurance -$132
HOA -$31
Property Management Fees -$129
CASH FLOW
-$10

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.

$289,990

PROJECTED PRICE

$1,620

PROJECTED RENT

0.56%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,597

INVESTMENT

$82,597

Down Payment
$72,498
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,498
Loan Amount $217,493
See What Happens When You Reinvest Cash Flow

4.67

YEARS SAVED

$13,918

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,613

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6204$1,6495$1,675
$1,675
RENT COMPS ANALYSIS
  • 10345 Crystal Point Dr #3 Orlando, FL 3
    • 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.01
    •  
  • 10120 Jepson St Orlando, FL 1
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1988
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
  • 226 Fieldstream North Blvd Orlando, FL 2
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2000
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 10905 Brown Trout Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1999
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.01
    •  
  • 9925 Dean Oaks Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1994
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.97
    •  
PROPERTY LISTING DETAILS
Ada De Jesus
1.407.486.6979
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5047475
Last Updated: 03/06/2021
BESbswy