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7692 Saint Stephens Ct Orlando, FL 32835

4 Beds 3 Baths 2,866 sqft Built 2002

$450,000

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $157.01
  • 6 Days on Market
  • MLS # : O5902452
  • Updated Date : 11/02/2020 at 12:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,866 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful 4 bedroom, 3 bathroom home with 2860 sq. ft. of living space, a tile roof, paver driveway, screened-lanai, pool, and a 3-car garage nestled amongst breezy palm trees on a well-manicured lot, within the Gated Community of Palma Vista. The front of the home features a living room and dining room with tray ceilings that seamlessly flows into a family room and breakfast nook area. The kitchen features 42" cabinetry, tile backsplash, and a center island making the kitchen an excellent place for dining and entertaining. The immaculate single-family home with ideal split floor plan, features four bedrooms on the main floor with a bonus room on the second level. The owners suite is spacious and offers a walk-in shower & garden tub. The Palma Vista community in MetroWest is a beautiful neighborhood surrounded by an array of shopping, retail, and dining opportunities, while being conveniently located, just minutes to downtown Orlando, Universal Orlando and the Walt Disney World Resort. Residents enjoy convenient access to major roads and highways, providing convenient access to experience all Orlando has to offer. 360 Tour: https://www.vr-360-tour.com/e/kGYBdWzlMUU/e?hide_e3play=true&hide_logo=true&hide_nadir=true&hidelive=false

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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: Metro West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $87k253k

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

Neighborhood: Metro West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10282458

* 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
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,660
Property Tax -$689
Property Insurance -$207
HOA -$180
Property Management Fees -$245
CASH FLOW
-$261

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.

$450,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.3%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$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$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$3,299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,522

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,5004$2,6005$2,720
$2,720
RENT COMPS ANALYSIS
  • 7692 Saint Stephens Ct Orlando, FL 5
    • 4 beds 3 baths ∙ 2,866 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,866 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.95
    •  
  • 8016 Courtleigh Dr Orlando, FL 1
    • 4 beds 4 baths ∙ 2,723 Sqft ∙ Built 1991 4 beds 4 baths ∙ 2,723 Sqft ∙ Built 1991
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 7288 Hawksnest Blvd Orlando, FL 2
    • 3 beds 3 baths ∙ 2,741 Sqft ∙ Built 1994 3 beds 3 baths ∙ 2,741 Sqft ∙ Built 1994
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 7670 Debeaubien Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,855 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,855 Sqft ∙ Built 1998
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.88
    •  
  • 2209 Stillington St Orlando, FL 4
    • 4 beds 3 baths ∙ 2,965 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,965 Sqft ∙ Built 2001
    property image
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.88
    •  
PROPERTY LISTING DETAILS
Jeffrey Funk, Pa
1.407.285.9672
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5902452
Last Updated: 11/02/2020
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