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2230 Dunsford Dr Orlando, FL 32808

4 Beds 4 Baths 1,733 sqft Built 1965

$225,000

List Price

$1,470

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1965
  • Price/Sqft : $129.83
  • 4 Days on Market
  • MLS # : O5913286
  • Updated Date : 01/07/2021 at 15:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,733 sqft
  • Baths : 3 full , 1 half
Listing Agent

First Option Realty Inc

Listing Agent's Description

The property will be sold as is.

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: Robinswood Heights

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $64k253k

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

Neighborhood: Robinswood Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8611712

* 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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,323$1,617$1,470

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$782
Property Tax -$256
Property Insurance -$140
Property Management Fees -$129
CASH FLOW
$164

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.

$225,000

PROJECTED PRICE

$1,470

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 10.9%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

8.5

YEARS SAVED

$25,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,470

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,404

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,3953$1,4504$1,4705$1,595
$1,595
RENT COMPS ANALYSIS
  • 2230 Dunsford Dr Orlando, FL 4
    • 4 beds 4 baths ∙ 1,733 Sqft ∙ Built 1965 4 beds 4 baths ∙ 1,733 Sqft ∙ Built 1965
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $0.85
    •  
  • 1713 Lake Lorine Dr Orlando, FL 1
    • 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 1958 4 beds 2 baths ∙ 1,733 Sqft ∙ Built 1958
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.79
    •  
  • 1716 Lake Lorine Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1969
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.84
    •  
  • 2204 Owasso Ct Orlando, FL 3
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1958
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.83
    •  
  • 6503 Merriewood Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1971 3 beds 2 baths ∙ 2,034 Sqft ∙ Built 1971
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.78
    •  
PROPERTY LISTING DETAILS
Stinel Tilus
1.203.223.1816
First Option Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913286
Last Updated: 01/07/2021
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