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1721 Shasta Ct Winter Park, FL 32792

3 Beds 2 Baths 1,525 sqft Built 1979

$329,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $216.33
  • 4 Days on Market
  • MLS # : O5915975
  • Updated Date : 01/14/2021 at 12:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,525 sqft
  • Baths : 2 full
Listing Agent

Quantum Real Estate Group

Listing Agent's Description

***GREAT SOLID BLOCK CORNER LOT HOUSE***3 BEDROOMS*** 2 FULL BATHS***FORMAL LIVING ROOM***DINING ROOM***FULL KITCHEN***FAMILY ROOM***INGROUND POOL***FENCED IN YARD***OVERSIZED LOT***NEW CERAMIC FLOORS***NEWER REMODELED BATHROOMS*** MASTER BEDROOM WITH WALK-IN CLOSET AND MASTER BATHROOM***NEW SLIDING DOOR LEADING TO THE POOL***SOME NEWER WINDOWS THROUGHOUT THE HOUSE.***GARAGE HAS BEEN FINISHED AND OWNER STORAGE HIS WORKS TOOLS THERE, BUT IT CAN BE EASILY CONVERTED BACK AS 2 CAR GARAGE***EXTRA STORAGE SHED *** Room measurements are estimated, buyers and the buyers agents are responsible to verify all measurements and dimensions.

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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: Garden Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k297k

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

Neighborhood: Garden Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8132002

* 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
Red Bug Elementary School Primary Regular 827 58 8
Tuskawilla Middle School Middle Regular 1,080 57 5
Lake Howell High School High Regular 2,229 117 6

Red Bug Elementary School

  • Education Level: Primary
  • # of students: 827
  • # of teachers: 58
8
GreatSchools Rating

Tuskawilla Middle School

  • Education Level: Middle
  • # of students: 1,080
  • # of teachers: 57
5
GreatSchools Rating

Lake Howell High School

  • Education Level: High
  • # of students: 2,229
  • # of teachers: 117
6
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,146
Property Tax -$329
Property Insurance -$127
Property Management Fees -$129
CASH FLOW
-$101

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.

$329,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$10,518

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,643

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6303$1,7004$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 1721 Shasta Ct Winter Park, FL 2
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.07
    •  
  • 1971 Aster Dr Winter Park, FL 1
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1982
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 3620 Oak Vista Ln Winter Park, FL 3
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1984
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.10
    •  
  • 1432 Aster Ct Winter Park, FL 4
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1984
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.09
    •  
  • 3650 Jonquil Ln Winter Park, FL 5
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1982
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.15
    •  
PROPERTY LISTING DETAILS
Betty Rebolledo Castro
1.407.777.6480
Quantum Real Estate Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915975
Last Updated: 01/14/2021
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