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11032 Dawnview Ln Orlando, FL 32825

3 Beds 3 Baths 2,940 sqft Built 2002

$365,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $124.15
  • 13 Days on Market
  • MLS # : O5911628
  • Updated Date : 12/26/2020 at 10:43
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,940 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

You’ll fall in love with this gorgeous 3 Bed / 2 Bath home with a huge bonus loft that can easily be a 4th bedroom! Located in the wonderful community of Cypress Springs you are less than 15 minutes from UCF, just minutes from 417 and 408, as well as centrally located to fantastic shopping, dining, and entertainment. As you walk through the front door you enter the large living room which carries into the formal dining room. Further into the home you enter into the large open kitchen with stone countertops, 42” cabinets, large walk in pantry, and additional kitchen nook dining area. The kitchen also opens right up into the large family room as well as features amazing double French doors that open on to the stunning Florida room / back patio. Surrounded by windows and situated on your very own backyard oasis, you will love the comfortable outdoor space this patio provides all while keeping you cozy during any kind of weather. The backyard oasis provides a paver patio that leads out into the backyard which provides tons of privacy due to the large trees, bamboo, and surrounding vinyl fence. As you make your way upstairs, you come to the oversized loft area that can very easily be converted to a full 4th bedroom. You’ll find bedrooms 2 and 3 along the hallway sharing a nicely appointed bathroom between. Your huge master suite features a double door entry way, large walk in closet, trey ceilings, and another set of double doors leading into the master bath. The master bathroom has been renovated with a beautiful frameless glass shower, dual vanities, and also features a large tub. You’ll enjoy amazing views of the pond from both the master suite as well as the upstairs windows. Cypress Springs is a highly coveted subdivision and features a community pool, playground, and sports courts. This is just an absolute gem of a home and you will simply fall in love the minute you walk through the doors. Come make this your new home today!

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: Villages at Summer Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k344k

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

Neighborhood: Villages at Summer Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292155

* 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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,347
Property Tax -$415
Property Insurance -$212
HOA -$41
Property Management Fees -$129
CASH FLOW
-$43

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.

$365,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.0%
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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$21,291

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,256

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,1003$2,2504$2,2955$2,450
$2,450
RENT COMPS ANALYSIS
  • 11032 Dawnview Ln Orlando, FL 2
    • 3 beds 3 baths ∙ 2,940 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,940 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.71
    •  
  • 12120 Diedra Ct Orlando, FL 1
    • 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2003
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.68
    •  
  • 10319 Willow Ridge Loop Orlando, FL 3
    • 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,809 Sqft ∙ Built 2006
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
  • 2506 Rose Spring Dr Orlando, FL 4
    • 3 beds 4 baths ∙ 3,247 Sqft ∙ Built 2002 3 beds 4 baths ∙ 3,247 Sqft ∙ Built 2002
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.71
    •  
  • 1745 Amaryllis Cir Orlando, FL 5
    • 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,780 Sqft ∙ Built 2003
    LEASED 08/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.88
    •  
PROPERTY LISTING DETAILS
Rob West
1.407.529.9919
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911628
Last Updated: 12/26/2020
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