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7702 Diamondstar Ct Orlando, FL 32822

3 Beds 3 Baths 1,474 sqft Built 1986

$264,900

List Price

$1,470

$1.3K - $1.6K

Rent Est.

$75,949

Investment Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $179.72
  • 7 Days on Market
  • MLS # : S5043924
  • Updated Date : 12/18/2020 at 14:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,474 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Advantage Iii

Listing Agent's Description

OPTIMAL LOCATION AT A GREAT PRICE!!!!! Pack your bags and move right in! SELLER IS VERY MOTIVATED !! This 3 bedroom, 3 bathroom house has very spacious living areas with split floor plan. Decorative tile throughout the first floor and laminate in the second floor. The large fenced-in back yard is a great place to entertain family and friends. Kitchen has stainless steel appliances plus home comes with a 2 year old roof and 2 year central Air Conditioning Unit. Property is located close to Shopping, Schools, Airport and just around the corner from Rio Pinar Golf Course. At this price this property will not last in today’s market, schedule your showing today and don’t miss this opportunity!!

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MARKET HIGHLIGHTS

Orlando Market Report
  • 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: Rio Pinar Lakes

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Rio Pinar Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8821712

* 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
 

FINANCIALS

Learn how to read this

$238,410$291,390$264,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING
Learn how to read this

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,470
EXPENSES Loan Payment -$977
Property Tax -$301
Property Insurance -$124
Property Management Fees -$129
CASH FLOW
-$62

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.

$264,900

PROJECTED PRICE

$1,470

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 11.0%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$75,949

INVESTMENT

$75,949

Down Payment		 $66,225
Rehab Estimate		 $5,750
Closing Costs		 $3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$11,324

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

  • $1

    LIST RENT PER SQFT

  • $1,474

    COMP ESTIMATED VALUE

  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4703$1,5954$1,6005$1,699
$1,699
RENT COMPS ANALYSIS
  • 7702 Diamondstar Ct Orlando, FL 2
    • 3 beds 3 baths ∙ 1,474 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,474 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,470
    • $1.00
    •  
  • 8259 Imber St Orlando, FL 1
    • 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,533 Sqft ∙ Built 1979
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.91
    •  
  • 2724 Curry Woods Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,523 Sqft ∙ Built 1986
    property image
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.05
    •  
  • 6257 Gardenview Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,564 Sqft ∙ Built 1984
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 2263 Opal Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1986
    property image
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.02
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Alexander Serna Rojas
1.954.275.7155
Keller Williams Advantage Iii
BUYER AGENT
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
SOURCE
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5043924
Last Updated: 12/18/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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