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8010 Chianti Dr Orlando, FL 32836

3 Beds 2 Baths 1,654 sqft Built 1980

$348,900

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1980
  • Price/Sqft : $210.94
  • 2 Days on Market
  • MLS # : O5903316
  • Updated Date : 11/03/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,654 sqft
  • Baths : 2 full
Listing Agent

Re/max Properties Sw

Listing Agent's Description

Just a remarkable 1654 sq. ft. 3/2 pool home in popular Dr. Phillips community, and all top schools in Orange County. House has new A/C (2012), new pool/spa heater, fenced back yard. Separate living room, dining room, family room and kitchen. 3 bedrooms at same side of house with 2 baths. Screened pool/spa, and plenty of backyard space. Newer updated kitchen and appliances, all new electric wiring (2012), all new windows, new water heater (2020). A well for irrigation. A nice big covered patio overlooks beautiful pool/spa.

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

Neighborhood: Bay Lakes at Granada

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $105k417k

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

Neighborhood: Bay Lakes at Granada

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292198

* 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
 

$314,010$383,790$348,900

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,287
Property Tax -$420
Property Insurance -$135
HOA -$18
Property Management Fees -$170
CASH FLOW
-$141

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.

$348,900

PROJECTED PRICE

$1,890

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.3%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,209

INVESTMENT

$98,209

Down Payment
$87,225
Rehab Estimate
$5,750
Closing Costs
$5,234

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,287

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,225
Loan Amount $261,675
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$8,700

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,894

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,8903$1,9504$1,9505$2,250
$2,250
RENT COMPS ANALYSIS
  • 8010 Chianti Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,654 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $1.14
    •  
  • 8183 Terraza Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,619 Sqft ∙ Built 1986
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.95
    •  
  • 8011 Chianti Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,672 Sqft ∙ Built 1980
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.17
    •  
  • 8189 Terraza Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1986
    property image
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.21
    •  
  • 8123 Marcella Dr Orlando, FL 5
    • 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,806 Sqft ∙ Built 1986
    property image
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.25
    •  
PROPERTY LISTING DETAILS
Paul Mcgarigal
1.407.352.5800
Re/max Properties Sw
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903316
Last Updated: 11/03/2020
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