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1243 Pine Harbor Point Cir Orlando, FL 32806

3 Beds 2 Baths 1,793 sqft Built 1976

$384,900

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $214.67
  • 3 Days on Market
  • MLS # : O5921811
  • Updated Date : 02/06/2021 at 18:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,793 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Great opportunity to own this corner lot home with a pool in Conway. Pine Harbor Point is a small, quiet community minutes away from the Fern Creek boat ramp to Lake Conway. A double door entry opens to a foyer with a formal living room to the right and dining room to the left. The large family room features vaulted ceilings and access to the screened lanai off the back of the house. The split bedroom floorplan features a master with double vanities and shower. Two secondary bedrooms are on the opposite side of the home and share a bathroom. Kitchen features stainless steel appliances and pendant lighting over the bar area. Interior laundry room provides plenty of storage and a laundry sink. Side entry garage has ample room for two cars and a little "workshop' area. The freeform pool is accented by mature landscaping and provides a provide getaway for entertaining. Call today for a private showing before it is too late.

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: Pine Harbor Point

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $105k495k

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

Neighborhood: Pine Harbor Point

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292331

* 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
Pershing Elementary School Primary Unknown NA
Conway Middle School Middle Regular 999 57 3
Boone High School High Magnet 2,763 141 7

Pershing Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Conway Middle School

  • Education Level: Middle
  • # of students: 999
  • # of teachers: 57
3
GreatSchools Rating

Boone High School

  • Education Level: High
  • # of students: 2,763
  • # of teachers: 141
7
GreatSchools Rating
 

$346,410$423,390$384,900

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,337
Property Tax -$451
Property Insurance -$143
HOA -$4
Property Management Fees -$129
CASH FLOW
$86

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.

$384,900

PROJECTED PRICE

$2,150

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.4%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$107,749

INVESTMENT

$107,749

Down Payment
$96,225
Rehab Estimate
$5,750
Closing Costs
$5,774

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,337

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $96,225
Loan Amount $288,675
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$30,393

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.2

    LIST RENT PER SQFT
  • $1,910

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,9573$1,9954$2,0885$2,150
$2,150
RENT COMPS ANALYSIS
  • 1243 Pine Harbor Point Cir Orlando, FL 5
    • 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,793 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.20
    •  
  • 917 Sweetbriar Rd Orlando, FL 1
    • 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,611 Sqft ∙ Built 1964
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
  • 1868 White Ave Orlando, FL 2
    • 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,929 Sqft ∙ Built 1990
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,957
    • $1.01
    •  
  • 1710 Lando Ln Orlando, FL 3
    • 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 1960
    LEASED 01/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.13
    •  
  • 1409 Overlake Ave Orlando, FL 4
    • 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,976 Sqft ∙ Built 1966
    LEASED 02/04/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,088
    • $1.06
    •  
PROPERTY LISTING DETAILS
Michael Morris
1.407.383.5434
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921811
Last Updated: 02/06/2021
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