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10509 Caspar Ct Orlando, FL 32817

4 Beds 2 Baths 1,984 sqft Built 1996

$310,000

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1996
  • Price/Sqft : $156.25
  • 49 Days on Market
  • MLS # : O5891742
  • Updated Date : 10/30/2020 at 18:29
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,984 sqft
  • Baths : 2 full
Listing Agent

Blessings Of Home

Listing Agent's Description

Nestled in the established, friendly neighborhood of Stratford Woods, this is the sparkling clean, freshly painted home you’ve been waiting for! Meticulously maintained and continuously occupied by original owners. Bright and spacious inside with lots of windows, soaring ceilings, and natural light. Upon entering, your guests will be impressed with the elegant combined formal living and dining room. Bedrooms boast versatile split plan layout, with a master suite, three guest bedrooms (one currently used as an office) and guest bath. Well-appointed kitchen with island and dining area is combined with large family room, which makes entertaining a dream. Indoor laundry room with washer and dryer included. Attic space, along with a two car garage with plenty of cabinets and shelves makes organizing and storage easy. Enjoy the serenity of this paradise, while living minutes from fine restaurants, shopping, UCF, Valencia, medical facilities, airports, and more. Enjoy your sparkling community pool, or relax at home in your spacious screened patio in your private backyard, perfect for grilling out and entertaining! Patio has new screens, made from high end stronger nylon material to better resist punctures and tears, a solid construction roof, rather than screen roof, so you can enjoy the outdoors rain or shine. There are fruit producing pineapple plants located throughout the landscape for a tropical treat. Surveillance cameras, security system, and exterior lights are in place for enhanced protection. Irrigation system with three zones keeps your lush landscaping watered year round. Come home and relax—everything has been done for you. Schedule your showing today, as this home is a great value and won't last long.

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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: Suncrest Villas

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Suncrest Villas

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7442089

* 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
Arbor Ridge School Primary Magnet 764 56 8
Arbor Ridge School Middle Magnet 764 56 8
Cornerstone Charter Academy High School High Charter 372 21 7

Arbor Ridge School

  • Education Level: Primary
  • # of students: 764
  • # of teachers: 56
8
GreatSchools Rating

Arbor Ridge School

  • Education Level: Middle
  • # of students: 764
  • # of teachers: 56
8
GreatSchools Rating

Cornerstone Charter Academy High School

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

$279,000$341,000$310,000

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,144
Property Tax -$353
Property Insurance -$155
HOA -$43
Property Management Fees -$159
CASH FLOW
-$84

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.

$310,000

PROJECTED PRICE

$1,770

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$9,882

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,796

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,7703$1,8324$1,8355$1,949
$1,949
RENT COMPS ANALYSIS
  • 10509 Caspar Ct Orlando, FL 2
    • 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,984 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.89
    •  
  • 4470 Wyndcliff Ct Orlando, FL 1
    • 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,923 Sqft ∙ Built 1986
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.78
    •  
  • 10967 Dearden Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,889 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,889 Sqft ∙ Built 1994
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,832
    • $0.97
    •  
  • 3144 Buck Hill Pl Orlando, FL 4
    • 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,111 Sqft ∙ Built 2001
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,835
    • $0.87
    •  
  • 4315 Suntree Blvd Orlando, FL 5
    • 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,948 Sqft ∙ Built 1991
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,949
    • $1.00
    •  
PROPERTY LISTING DETAILS
Catherine Simmons
1.407.421.4330
Blessings Of Home
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5891742
Last Updated: 10/30/2020
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