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10551 Bull Grass Dr Orlando, FL 32825

3 Beds 3 Baths 2,022 sqft Built 2013

$359,990

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $178.04
  • 2 Days on Market
  • MLS # : O5910049
  • Updated Date : 12/05/2020 at 16:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,022 sqft
  • Baths : 3 full
Listing Agent

Shining Oak Realty

Listing Agent's Description

Come check out this beautiful home of 3 bedrooms with a split floor plan, 3 bathrooms, and a den/office with French Doors. 2nd bedroom sits next to the entry which is a suite with dual sinks. 3rd bedroom is adjacent to a hall bath across from the laundry closet. It offers large 2 dining areas and a Great Room next to the kitchen. The spacious kitchen includes granite countertops, stainless steel appliances, and 42" cabinets. Master Suite features a large shower, garden tub, dual sinks with granite countertops, plus a large walk-in closet. The Great Room walks out to the covered lanai in the backyard. It is a great place for quiet time, family outdoor cooking or entertainment. Close to the 408, and 417, Orlando International Airport, UCF and the Waterford Lakes Town Center.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Countrywalk

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $102k331k

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

Neighborhood: Countrywalk

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9142089

* 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
 

$323,991$395,989$359,990

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,328
Property Tax -$409
Property Insurance -$157
HOA -$30
Property Management Fees -$129
CASH FLOW
-$4

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.

$359,990

PROJECTED PRICE

$2,050

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.7%
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$0.0$5.0k$10k$15k

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$101,147

INVESTMENT

$101,147

Down Payment
$89,998
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% 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 $89,998
Loan Amount $269,993
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$25,277

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,042

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8663$2,0004$2,0505$2,100
$2,100
RENT COMPS ANALYSIS
  • 10551 Bull Grass Dr Orlando, FL 4
    • 3 beds 3 baths ∙ 2,022 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,022 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.01
    •  
  • 10861 Fern Rock Rd Orlando, FL 1
    • 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,857 Sqft ∙ Built 2011
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 11203 Spinning Reel Cir Orlando, FL 2
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 2002
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,866
    • $1.02
    •  
  • 1314 Balsam Willow Trl Orlando, FL 3
    • 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,039 Sqft ∙ Built 2006
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 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
Gloria Chu
1.407.399.2298
Shining Oak Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5910049
Last Updated: 12/05/2020
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