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7834 Snowberry Cir Orlando, FL 32819

4 Beds 3 Baths 2,139 sqft Built 1987

$419,990

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $196.35
  • 2 Days on Market
  • MLS # : O5906073
  • Updated Date : 11/15/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,139 sqft
  • Baths : 2 full , 1 half
Listing Agent

G World Properties

Listing Agent's Description

Won't last long! This beautiful home has a gorgeous pool and is a great family-oriented household. Has many great features for family gatherings. Home is on 1/4 acre fenced lot. Vaulted ceiling, fireplace, stainless steel appliances, a new hybrid water heater and brand new triple panel windows and sliding door and custom motorized blinds. Lots of nice upgrades so schedule your tour today!

SEE MORE

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: Sandy Springs

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $105k407k

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

Neighborhood: Sandy Springs

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292302

* 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
Palm Lake Elementary School Primary Regular 624 42 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Palm Lake Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 42
8
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
 

$377,991$461,989$419,990

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,550
Property Tax -$469
Property Insurance -$164
HOA -$30
Property Management Fees -$198
CASH FLOW
-$210

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.

$419,990

PROJECTED PRICE

$2,200

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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-$5.0k$0.0$5.0k$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$117,047

INVESTMENT

$117,047

Down Payment
$104,998
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $104,998
Loan Amount $314,993
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$8,439

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,241

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2003$2,3004$2,3505$2,649
$2,649
RENT COMPS ANALYSIS
  • 7834 Snowberry Cir Orlando, FL 2
    • 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,139 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
  • 6724 Winder Oaks Blvd Orlando, FL 1
    • 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,059 Sqft ∙ Built 1999
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
  • 7813 Saranac Ct Orlando, FL 3
    • 4 beds 2 baths ∙ 2,296 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,296 Sqft ∙ Built 1980
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
  • 5443 Spring Run Ave #2 Orlando, FL 4
    • 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,148 Sqft ∙ Built 1983
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.09
    •  
  • 4900 Winwood Way Orlando, FL 5
    • 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,447 Sqft ∙ Built 1988
    LEASED 08/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,649
    • $1.08
    •  
PROPERTY LISTING DETAILS
Diego Vazquez
1.787.433.4646
G World Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5906073
Last Updated: 11/15/2020
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