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10851 Flycast Cir Orlando, FL 32825

4 Beds 2 Baths 1,620 sqft Built 2000

$303,900

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $187.59
  • 5 Days on Market
  • MLS # : O5927569
  • Updated Date : 03/04/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,620 sqft
  • Baths : 2 full
Listing Agent

Florida Realty Investments

Listing Agent's Description

Welcome to Orlando! This move-in ready, open floor plan, 4 bedroom, 2 bath home with vaulted ceilings is located near Waterford Lakes Town Center with shops, a variety of restaurants, and entertainment. All that Central Florida has to offer, the established subdivision of Fieldstream is a only a short way from SR 408, SR 417, UCF, Valencia College, Full Sail University, Advent Health Hospital East Orlando, Rollins College, Young Pine Community Park, Lake Nona Medical facilities, Downtown Orlando, Park Avenue, & Research Parkway. NEW Roof, new carpet, and new interior paint throughout, 2 car garage, and screened rear patio! With a low HOA, this is a great home for downsizing, investor, or first time home buyer.

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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: Fieldstream North

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k277k

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

Neighborhood: Fieldstream North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951767

* 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
 

$273,510$334,290$303,900

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,056
Property Tax -$346
Property Insurance -$133
HOA -$32
Property Management Fees -$129
CASH FLOW
-$55

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.

$303,900

PROJECTED PRICE

$1,640

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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$12k

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$86,284

INVESTMENT

$86,284

Down Payment
$75,975
Rehab Estimate
$5,750
Closing Costs
$4,559

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,056

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $75,975
Loan Amount $227,925
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$10,802

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,588

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6403$1,6494$1,6505$1,700
$1,700
RENT COMPS ANALYSIS
  • 10851 Flycast Cir Orlando, FL 2
    • 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,620 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.01
    •  
  • 226 Fieldstream North Blvd Orlando, FL 1
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 2000
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.00
    •  
  • 10905 Brown Trout Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 1999
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $1.01
    •  
  • 647 Carey Way Orlando, FL 4
    • 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,780 Sqft ∙ Built 2002
    property image
    LEASED 02/08/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.93
    •  
  • 406 Pepin Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2002
    property image
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
Carissa Lawhun
1.407.207.2220
Florida Realty Investments
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5927569
Last Updated: 03/04/2021
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