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520 Beasley Ct Orlando, FL 32807

4 Beds 2 Baths 1,821 sqft Built 1998

$280,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $153.76
  • 1 Days on Market
  • MLS # : O5905234
  • Updated Date : 11/15/2020 at 00:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,821 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Residential Re

Listing Agent's Description

LOOKING FOR A MOVE IN READY SPACIOUS HOME with an OPEN FLOORPLAN UNDER $300K?? YOU MUST SEE this POPULAR 4 BEDROOM 2 BATH HOME with 1821 SQ FEET of LIVING SPACE. VAULTED CEILINGS & OPEN FLOOR PLAN make it feel EVEN LARGER. PLUS there is a 39 X 11 SCREENED PORCH to RELAX & ENJOY with FAMILY & FRIENDS. THE FENCED YARD ADDS PRIVACY & YOU MAY WANT to pick SOME BANANAS, MANGOS & ORANGES from your FRUIT TREES. YOU will NOTICE a WELL MAINTAINED EXTERIOR with NICE CURB APPEAL & TILED WALK WAY to the FRONT DOOR. FROM the FOYER YOU CAN SEE all the WAY TO the SCREEN PATIO OFFERING a GREAT HOME for ENTERTAINING. TILE FLOORING THROUGHOUT with NEW CARPET IN BEDROOMS. INTERIOR was RECENTLY PAINTED a POPULAR SOFT GRAY. KITCHEN has GRANITE COUNTERS, BREAKFAST NOOK, ALL APPLIANCES CONVEY, CLOSET PANTRY & BREAKFAST BAR open to FAMILY RM & LIVING RM. THE MASTER BEDROOM SUITE is SPACIOUS (APPROX 18 X 12) with GOOD WALL SPACE for FURNITURE PLACEMENT, WALK N CLOSET & has a MASTER BATH with SOAKING TUB, SEPARATE SHOWER, VANITY with SITTING AREA & DOOR TO PATIO. THERE is a 3 WAY BEDROOM SPLIT with 2 BEDROOMS in FRONT with GUEST BATH & 4TH BEDROOM is OFF the FAMILY ROOM with BUILT N COMPUTER DESK. ALL BEDROOMS HAVE CEILING FANS. ROOF WAS REPLACED IN 2018. CONVENIENT LOCATION TO 408, AIRPORT & ADVENT HEALTH EAST.

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MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Ebans Preserve

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Ebans Preserve

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8311712

* 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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,033
Property Tax -$324
Property Insurance -$145
HOA -$13
Property Management Fees -$160
CASH FLOW
$104

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.

$280,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 12.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$21,410

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,630

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4953$1,7004$1,7005$1,780
$1,780
RENT COMPS ANALYSIS
  • 520 Beasley Ct Orlando, FL 5
    • 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,821 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.98
    •  
  • 569 Hibiscus Cove Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 2007
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.75
    •  
  • 7825 Bear Claw Run Orlando, FL 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2005
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.88
    •  
  • 573 Short Pine Cir Orlando, FL 3
    • 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,764 Sqft ∙ Built 1992
    LEASED 11/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
  • 563 Hibiscus Cove Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,723 Sqft ∙ Built 2007
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.99
    •  
PROPERTY LISTING DETAILS
Beverley Kistler
1.407.466.4102
Coldwell Banker Residential Re
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905234
Last Updated: 11/15/2020
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