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8000 Pleasant Pine Cir Winter Park, FL 32792

5 Beds 3 Baths 2,546 sqft Built 2015

$449,000

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $176.36
  • 3 Days on Market
  • MLS # : O5904391
  • Updated Date : 11/07/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,546 sqft
  • Baths : 3 full
Listing Agent

Chamberlain Realty Llc

Listing Agent's Description

Welcome to this beautiful 5 bedroom 3 bath home located in desirable Enclave at Aloma. First floor has an open floor plan with 10 ft ceilings and 7 inch wide-plank hickory floors. First floor also includes a bedroom, full bathroom and a bonus room that can be used as an office/workout space or a separate dining area The fabulous kitchen has upgraded white cabinets, granite counter-tops, ss appliances(Frigidaire Professional Series) and an extra large center island with additional seating for entertainment. Upstairs you will find a large loft, master bedroom and three additional bedrooms with two other full baths. Porch/lanai is perfect for entertaining. The large yard is fully fenced and well maintained. Seminole county schools. Convenient to 417 and all major roads, shopping and dining. Welcome home!

SEE MORE

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

Zip Code: 32792

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k293k

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

Zip Code: 32792

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9742002

* 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
Eastbrook Elementary School Primary Regular 809 57 5
Tuskawilla Middle School Middle Regular 1,080 57 5
Lake Howell High School High Regular 2,229 117 6

Eastbrook Elementary School

  • Education Level: Primary
  • # of students: 809
  • # of teachers: 57
5
GreatSchools Rating

Tuskawilla Middle School

  • Education Level: Middle
  • # of students: 1,080
  • # of teachers: 57
5
GreatSchools Rating

Lake Howell High School

  • Education Level: High
  • # of students: 2,229
  • # of teachers: 117
6
GreatSchools Rating
 

$404,100$493,900$449,000

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,657
Property Tax -$450
Property Insurance -$188
HOA -$83
Property Management Fees -$221
CASH FLOW
-$149

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.

$449,000

PROJECTED PRICE

$2,450

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.0%
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$1.4M

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$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,657

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$11,292

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,400

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2503$2,3954$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 8000 Pleasant Pine Cir Winter Park, FL 4
    • 5 beds 3 baths ∙ 2,546 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,546 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.96
    •  
  • 8020 Pleasant Pine Cir Winter Park, FL 1
    • 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,252 Sqft ∙ Built 2013
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.89
    •  
  • 7903 Pleasant Pine Cir Winter Park, FL 2
    • 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,319 Sqft ∙ Built 2014
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.97
    •  
  • 7973 Pleasant Pine Cir Winter Park, FL 3
    • 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,479 Sqft ∙ Built 2014
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.97
    •  
  • 1418 Arbitus Cir Oviedo, FL 5
    • 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,661 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.94
    •  
PROPERTY LISTING DETAILS
April Chamberlain
1.407.542.3033
Chamberlain Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5904391
Last Updated: 11/07/2020
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