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2437 Stone Cross Cir Orlando, FL 32828

3 Beds 2 Baths 1,887 sqft Built 1998

INVESTimate

$325,000

List Price

$1,760

$1,584 - $1,936

Rent Est.

$343,525  ( +5.70%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 1998
  • Price/Sqft : $172.23
  • 13 Days on Market
  • MLS # : O5885160
  • Updated Date : 08/25/2020 at 08:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,887 sqft
  • Baths : 2 full
Listing Agent

A2z Realty Group

Listing Agent's Description

Freshly painted newer tile installed, inside of Stoney Brook East. A lots of activities no need to look for things to do outside of the community. When the HOA offers lots of activities for the whole family like movie night, sports teams and etc. Full gym and golf course great neighborhood. House is a split floor plan with a open kitchen layout.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Stoneybrook

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k432k

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

Neighborhood: Stoneybrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292297

* 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
Stone Lakes Elementary School Primary Regular 870 58 9
Avalon Middle School Middle Regular 1,809 96 8
Timber Creek High School High Regular 3,132 161 8

Stone Lakes Elementary School

  • Education Level: Primary
  • # of students: 870
  • # of teachers: 58
9
GreatSchools Rating

Avalon Middle School

  • Education Level: Middle
  • # of students: 1,809
  • # of teachers: 96
8
GreatSchools Rating

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,199
Property Tax -$372
Property Insurance -$149
HOA -$154
Property Management Fees -$158
CASH FLOW
-$273

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.

$325,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.70%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,240

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,491

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4003$1,6954$1,7605$1,799
$1,799
RENT COMPS ANALYSIS
  • 2437 Stone Cross Cir Orlando, 4
    • 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,887 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.93
    •  
  • 14106 Leicester Ln Orlando, 1
    • 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,951 Sqft ∙ Built 1998
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.69
    •  
  • 13630 Dornoch Dr Orlando, 2
    • 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,877 Sqft ∙ Built 1992
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.75
    •  
  • 12807 Waterhaven Cir Orlando, 3
    • 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 1993
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 12747 Waterhaven Cir Orlando, 5
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1993
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.89
    •  
PROPERTY LISTING DETAILS
Jamie Richard
1.407.692.4075
A2z Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5885160
Last Updated: 08/25/2020
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