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7733 Range Dr Orlando, FL 32810

4 Beds 2 Baths 1,750 sqft Built 1982

$275,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $157.14
  • 4 Days on Market
  • MLS # : O5921422
  • Updated Date : 02/05/2021 at 08:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,750 sqft
  • Baths : 2 full
Listing Agent

Florida Usa Realty

Listing Agent's Description

SPACIOUS and BEAUTIFUL!! and COMPLETELY REMODELED!! Neary1,800 sq ft., 4 bedroom, 2 bath property located on an OVERSIZED LOT!! Enjoy your DREAM KITCHEN that features POLISHED and MODERN CHARCOAL GREY HORIZONTAL & WALL CABINETS!! GLASSTOP STOVE under a STAINLESS STEEL cooking MODERN FAN HOOD, GLASS and BRICK STONETILE BACKSPLASH, GRANITE COUNTERTOPS, and ALL OTHER STAINLESS STEEL APPLIANCES!!. Bathrooms feature a contemporary vanity, lighting & shower with beautiful SNOWWHITE CERAMIC WALL TILES. ALL ROOMS ARE LARGE and you will find CERAMIC WOOD-LOOK FLOORS throughout!! NEW PAINT & NEW 5 INCH BASEBOARDS!! Master bedroom features a HUGE WALK-IN CLOSET!! Home also includes an INSIDE UTILITY ROOM with washer & dryer hookup. Ceiling fans are available through out. Have a great gathering or barbeque in the back porch or enjoy a beautiful afternoon in the over sized private FENCED-IN BACKYARD.SOLAR PANELS PAID FOR and INCLUDED!!, for LOW, LOW, LOW ELECTRIC BILLS!!! Home is located in a great community close to main roads and minutes from downtown Orlando, Disney and shopping district. Pictures show vacant house, but it is not vacant.

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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: Summerfield Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $49k253k

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

Neighborhood: Summerfield Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8251712

* 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
Lakeville Elementary School Primary Regular 894 59 4
Piedmont Lakes Middle School Middle Regular 1,142 68 4
Wekiva High School High Regular 2,349 113 4

Lakeville Elementary School

  • Education Level: Primary
  • # of students: 894
  • # of teachers: 59
4
GreatSchools Rating

Piedmont Lakes Middle School

  • Education Level: Middle
  • # of students: 1,142
  • # of teachers: 68
4
GreatSchools Rating

Wekiva High School

  • Education Level: High
  • # of students: 2,349
  • # of teachers: 113
4
GreatSchools Rating
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$955
Property Tax -$313
Property Insurance -$141
Property Management Fees -$129
CASH FLOW
-$28

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.

$275,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 10.6%
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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$11,465

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,536

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,389
1$1,3892$1,5003$1,5104$1,5455$1,625
$1,625
RENT COMPS ANALYSIS
  • 7733 Range Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,750 Sqft ∙ Built 1982
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.86
    •  
  • 7594 Groveoak Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1995
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,389
    • $0.91
    •  
  • 6751 Gadwall Ln Orlando, FL 2
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 1989
    property image
    LEASED 07/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.84
    •  
  • 6357 Sleepy Hollow Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,721 Sqft ∙ Built 1988
    property image
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.90
    •  
  • 6706 Lorain St #3 Orlando, FL 5
    • 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,889 Sqft ∙ Built 2000
    property image
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.86
    •  
PROPERTY LISTING DETAILS
Cameron Hasan
1.407.493.1438
Florida Usa Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921422
Last Updated: 02/05/2021
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