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8035 Bushmaster Ave Orlando, FL 32832

3 Beds 3 Baths 2,170 sqft Built 2018

$425,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $195.85
  • 2 Days on Market
  • MLS # : S5046440
  • Updated Date : 02/13/2021 at 12:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,170 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

YOUR NEW HOME AWAITS! Stunning 3 bedroom, 2.5 bath 2 car garage, and so much more!!! Welcome to the home of the future. State of the art solar panel and appliances, Solar power are eco-friendly and even friendlier on the wallet keeping monthly bills low! The chef of the house will be over-joyed with the spacious and open kitchen showcasing beautiful, wood cabinets, and stainless steel appliances to incldude Induction range and convection microwave. Water filtration system valued at $11,000. Level 5 granite throughout, 42 Inch cabinet, ceramic title throughout living areas. This home boasts an exquisite Master Suite that is sure to impress including a Supersized shower in master bath and huge master closet. Fitness facility, pool and club house in community. Like New Home, why pay for a new construction? Transferrable termite bond, HVAC under 4 yr maintenance plan, transferrable. Plenty of local shopping and dining nearby along with parks and lakes offering options for outdoor recreational activities. Close proximity to major highways for access to all of the incredible attractions and entertainment Central Florida has to offer. You do not want to miss out on this opportunity!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Sun Blaze Elementary School Primary Unknown 752 47 NA
Innovation Middle School Middle Unknown NA
Lake Nona High School High Regular 2,266 108 6

Sun Blaze Elementary School

  • Education Level: Primary
  • # of students: 752
  • # of teachers: 47
NA
GreatSchools Rating

Innovation Middle School

  • Education Level: Middle
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Lake Nona High School

  • Education Level: High
  • # of students: 2,266
  • # of teachers: 108
6
GreatSchools Rating
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,476
Property Tax -$622
Property Insurance -$166
HOA -$6
Property Management Fees -$129
CASH FLOW
-$280

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.

$425,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.50%

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$5,690

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,208

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,120
1$2,1202$2,3003$2,3254$2,3755$2,400
$2,400
RENT COMPS ANALYSIS
  • 8035 Bushmaster Ave Orlando, FL 1
    • 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $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
    •  
  • 8245 Lott Ave Orlando, FL 3
    • 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,486 Sqft ∙ Built 2017
    LEASED 10/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.94
    •  
  • 8230 Corkfield Ave Orlando, FL 4
    • 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
    •  
  • 10574 Langefield St Orlando, FL 5
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2013
    LEASED 08/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.08
    •  
PROPERTY LISTING DETAILS
Cesar Estrada
1.321.209.4782
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5046440
Last Updated: 02/13/2021
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