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10465 Stapeley Dr Orlando, FL 32832

4 Beds 3 Baths 2,202 sqft Built 2012

$459,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $208.45
  • 78 Days on Market
  • MLS # : O5895656
  • Updated Date : 12/26/2020 at 11:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,202 sqft
  • Baths : 3 full
Listing Agent

Homesmart

Listing Agent's Description

Beautiful Castello model home that still has the new home smell. Numerous upgrades include leaded glass front doors, gorgeous crown molding, oversize tile, and 42” kitchen cabinets with crown molding, French doors to large back paver patio that is perfect for entertaining. Swing set for the little ones. Paver front driveway. The expansive master bedroom features tray ceiling, large walk-in closet, garden tub with separate shower, and dual vanities. Very functional kitchen layout features center island and breakfast bar plus granite countertops and stainless steel appliances. Great schools! The Chatsworth section of Eagle Creek offers private gated access within the 24 hour guarded main gate at Eagle Creek. The community features a golf course, pool, tennis courts, and lush landscaping. Eagle Creek is conveniently located across from Lake Nona’s Medical City, UCF College of Medicine, Nemours Childrens Hospital, and the VA. Convenient to Orlando airport yet far enough for quiet, peaceful evenings. Shopping nearby with new stores opening monthly. Buy today and watch you property value rise as Lake Nona develops around you. Designer furniture package also available for purchase! Seller Offers $3,000 contribution toward the buyer's closing costs (On full price offers only)

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Eagle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $105k469k

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

Neighborhood: Eagle Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292392

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$413,100$504,900$459,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,694
Property Tax -$525
Property Insurance -$168
HOA -$136
Property Management Fees -$129
CASH FLOW
-$451

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.

$459,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

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-$10k-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,385

INVESTMENT

$127,385

Down Payment
$114,750
Rehab Estimate
$5,750
Closing Costs
$6,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,694

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,750
Loan Amount $344,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,663

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,163

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0503$2,2004$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 10465 Stapeley Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.00
    •  
  • 13519 Goostry Pt Orlando, FL 1
    • 3 beds 2 baths ∙ 2,238 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,238 Sqft ∙ Built 2005
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.89
    •  
  • 13655 Budworth Cir Orlando, FL 2
    • 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,125 Sqft ∙ Built 2004
    LEASED 10/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
  • 10353 Henbury St Orlando, FL 4
    • 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,202 Sqft ∙ Built 2014
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
  • 9894 Mere Pkwy Orlando, FL 5
    • 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,267 Sqft ∙ Built 2017
    LEASED 08/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.04
    •  
PROPERTY LISTING DETAILS
Saleh Barakat Merhi
1.786.683.9891
Homesmart
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5895656
Last Updated: 12/26/2020
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