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8000 Scagel St Orlando, FL 32832

4 Beds 3 Baths 2,293 sqft Built 2017

$399,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $174.01
  • 3 Days on Market
  • MLS # : O5918448
  • Updated Date : 01/22/2021 at 15:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,293 sqft
  • Baths : 2 full , 1 half
Listing Agent

Pristine International Realty Llc

Listing Agent's Description

LOVELY 4 bedrooms, 2/1 bathrooms single family home in Lake Nona. Newbury model (floor plan attached). Premium corner lot. Front porch and balcony with permanent view to a conservation area. A lot of upgrades. Upgraded ceramic tile, celling fans installed, office room, kitchen with quartz counters and upgraded cabintes, custom pendant lighting, eating area with access to the covered lanai, stair rail guard, bathtub. A spacious loft with access to upstairs balcony. Driveway for 4+ cars. Randal Park incorporates 8 neighborhood parks and features a community center, resort pool, splash park, open-air pavilion, playgrounds, workout facility and miles of biking/hiking trails and boardwalks. Conveniently close to the 417 and 528 as well as Orlando International Airport, Medical City, USTA and Lake Nona Town Center. Walking distance to Sun Blaze elementary.

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: Randall Park

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k429k

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

Neighborhood: Randall Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10292508

* 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
 

$359,100$438,900$399,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,386
Property Tax -$685
Property Insurance -$173
HOA -$6
Property Management Fees -$129
CASH FLOW
-$139

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.

$399,000

PROJECTED PRICE

$2,240

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.5%
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$1.2M

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$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$10,956

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,299

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,240
1$2,2402$2,3003$2,3754$2,4005$2,450
$2,450
RENT COMPS ANALYSIS
  • 8000 Scagel St Orlando, FL 1
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.98
    •  
  • 10676 Langefield St Orlando, FL 2
    • 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,132 Sqft ∙ Built 2014
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.08
    •  
  • 8230 Corkfield Ave Orlando, FL 3
    • 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,444 Sqft ∙ Built 2017
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.97
    •  
  • 8795 Ribault Ave Orlando, FL 4
    • 3 beds 3 baths ∙ 2,452 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,452 Sqft ∙ Built 2013
    LEASED 11/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
  • 8883 Randal Park Blvd Orlando, FL 5
    • 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,492 Sqft ∙ Built 2012
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.98
    •  
PROPERTY LISTING DETAILS
Leonardo Souza
1.321.946.5826
Pristine International Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918448
Last Updated: 01/22/2021
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