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10403 Stone Glen Dr Orlando, FL 32825

4 Beds 3 Baths 2,242 sqft Built 2000

INVESTimate

$360,000

List Price

$2,040

$1,836 - $2,244

Rent Est.

$388,944  ( +8.04%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $160.57
  • 8 Days on Market
  • MLS # : O5885888
  • Updated Date : 08/23/2020 at 16:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,242 sqft
  • Baths : 3 full
Listing Agent

Realty Hub

Listing Agent's Description

Here is the home to own in beautiful east Orlando. An AMAZING 3 bedroom(per public records 4 bedroom but closet was removed) 3 bathroom pool home. Your new home stands out with BRICK FRONTAGE and finely manicured landscaping. Entering the home from the keyless entry truly displays how bright and open this home is. When walking in the REFRESHING POOL and sunshine beckons you to the back patio. The ceilings in the living room are VAULTED and inviting. To your left down the hallway lies the first bedroom and bathroom. To your right is the mudroom leading to the 2-car garage and second bedroom with its own private full bath. On the left of the living room are double doors that lead to the 4th bedroom that had the closet removed. Very nice large room for a FLEX SPACE or office. So much to love at this home we haven't even made it to where you will be spending most of your time, the kitchen, the master bedroom and screened patio with Olympic size pool. The kitchen is complete with butler pantry, dual sinks and large island to spread out and inspire the chef in you. The floors are recently accenting the dark granite counters. 42' cabinets with pantry for allow plenty of storage. The UPSCALE NEW refrigerator with soft close drawers make this kitchen complete and luxurious. The oversized breakfast nook overlooking the pool provides the perfect morning coffee start to your day. After the coffee, come outside and cannonball into your cool and serene pool. The screened patio provides the perfect amount of Florida sunshine without the Florida insects to enjoy your weekend Margaritas. To complete this home is the OVERSIZED master bedroom with en suite adjoining master bath. This room is complemented with a tray ceiling and planter shelf. There are two walk-in closets flanking you on your way to the MASTER BATH RETREAT. This getaway room contains everything. There's a walkin tiled shower, dual sinks, separate water closet and massive bathtub. BRAND NEW ROOF(2020)+ and A/C is 4 years old. Located in the Cypress Springs community phase 2 which is newer. Imagine walking your child to school everyday at A+ rated Cypress Springs Elementary. Community has two community pools with clubhouse, tennis courts and playgrounds. Location is outstanding since 417/408 intersection is close by to get to ANYWHERE and EVERYWHERE quickly in Orlando. Schedule your private showing to make this HOUSE your HOME.

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: Stonewood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k427k

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

Neighborhood: Stonewood Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292363

* 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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,328
Property Tax -$410
Property Insurance -$170
HOA -$51
Property Management Fees -$184
CASH FLOW
-$103

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.

$360,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.04%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$11,286

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,715

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,7253$1,7754$1,8005$2,040
$2,040
RENT COMPS ANALYSIS
  • 10403 Stone Glen Dr Orlando, 5
    • 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,242 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.91
    •  
  • 9812 Doriath Cir Orlando, 1
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.62
    •  
  • 2771 River Ridge Dr Orlando, 2
    • 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,377 Sqft ∙ Built 1996
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.73
    •  
  • 9842 Doriath Cir Orlando, 3
    • 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,085 Sqft ∙ Built 2004
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.85
    •  
  • 10039 Silmarien St Orlando, 4
    • 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
    •  
PROPERTY LISTING DETAILS
Joseph White
1.407.399.7957
Realty Hub
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5885888
Last Updated: 08/23/2020
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