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1732 Pam Cir Belle Isle, FL 32809

3 Beds 2 Baths 1,218 sqft Built 1982

$245,000

List Price

$1,370

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1982
  • Price/Sqft : $201.15
  • 6 Days on Market
  • MLS # : O5902625
  • Updated Date : 10/30/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,218 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

This home is a must see! Centrally located just minutes from the airport and Disney, this Belle Isle home in a great community will welcome you with open arms! Located in the Cornerstone Charter School priority zone, this home is perfect for families wanting an incredible school for their family at an affordable price. Featuring a split floor plan, screened in porch, and a very short walk to boat dock access for the Conway Chain of Lakes, you will simply enjoy the ease of living and privacy in Belle Isle West. This home boasts high ceilings, a huge 2 car garage and an enormous master bedroom. One of the most desirable features of this home is the split floor plan allowing privacy when needed and a central living place to celebrate and make memories. Schedule a showing 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: Belle Isle West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $110k415k

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

Neighborhood: Belle Isle West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10132089

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$904
Property Tax -$298
Property Insurance -$109
Property Management Fees -$123
CASH FLOW
-$64

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.

$245,000

PROJECTED PRICE

$1,370

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 11.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$904

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$8,098

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,264

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,320
1$1,3202$1,3703$1,4004$1,4955$1,650
$1,650
RENT COMPS ANALYSIS
  • 1732 Pam Cir Belle Isle, FL 2
    • 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,218 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.12
    •  
  • 9628 Lupine Ave Orlando, FL 1
    • 4 beds 2 baths ∙ 1,224 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,224 Sqft ∙ Built 1998
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,320
    • $1.08
    •  
  • 6725 Kelland Ave Orlando, FL 3
    • 4 beds 2 baths ∙ 1,375 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,375 Sqft ∙ Built 1970
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 733 Ibsen Ave #9 Orlando, FL 4
    • 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,538 Sqft ∙ Built 1969
    LEASED 05/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 2810 Flowertree Rd Belle Isle, FL 5
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1962
    LEASED 11/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
PROPERTY LISTING DETAILS
Patty Fisher
1.772.925.9728
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5902625
Last Updated: 10/30/2020
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