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8103 Castinango St Orlando, FL 32817

3 Beds 2 Baths 1,084 sqft Built 1960

$239,900

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $221.31
  • 6 Days on Market
  • MLS # : O5928792
  • Updated Date : 03/11/2021 at 00:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,084 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

One or more photo(s) has been virtually staged. This beautiful 3 bedroom, 2 bathroom renovated home is ready to move in….These amazing renovations include new porcelain tile flooring, a new kitchen with soft close cabinets, stunning granite counters, stainless appliances and cooking island with breakfast bar. Both bathrooms are updated featuring new vanities, shower surrounds, fixtures, toilets and lighting. The entire house has been freshly painted, inside and out. Open floor plan from living room to kitchen, split bedrooms, new lighting and fresh landscaping. This home sits on a large corner lot that features a huge backyard, covered patio and fenced for your privacy. You are zoned for Winter Park High and Glenridge Middle School, both high-rated schools! No HOA. Conveniently located minutes to Full Sale University, UCF main campus, Valencia Community College, the 417 and Hwy 50. If you enjoy the outdoors, Blanchard Park, Little Econ Trail, Cady Way Trail, and Lake Irma are all nearby. Additional updates include: HVAC(2017), Roof (2014), Electric (2012) & Plumbing (2021). This gorgeous home awaits you and your family!

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: Sun Haven

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $53k253k

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

Neighborhood: Sun Haven

NeighborhoodNIR Market*CityMarket2010Year20002019 Q250060070080090010001100120013001400150016001700Rent in $4991712

* 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
Cheney Elementary School Primary Regular 509 33 8
Glenridge Middle School Middle Regular 1,415 77 6
Winter Park High School High Magnet 3,069 164 7

Cheney Elementary School

  • Education Level: Primary
  • # of students: 509
  • # of teachers: 33
8
GreatSchools Rating

Glenridge Middle School

  • Education Level: Middle
  • # of students: 1,415
  • # of teachers: 77
6
GreatSchools Rating

Winter Park High School

  • Education Level: High
  • # of students: 3,069
  • # of teachers: 164
7
GreatSchools Rating
 

$215,910$263,890$239,900

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$833
Property Tax -$273
Property Insurance -$101
Property Management Fees -$129
CASH FLOW
-$236

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.

$239,900

PROJECTED PRICE

$1,100

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.3%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,324

INVESTMENT

$69,324

Down Payment
$59,975
Rehab Estimate
$5,750
Closing Costs
$3,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$833

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $59,975
Loan Amount $179,925
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$925

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,160

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,3753$1,4254$1,538
$1,538
RENT COMPS ANALYSIS
  • 8103 Castinango St Orlando, FL 1
    • 3 beds 2 baths ∙ 1,084 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,084 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.01
    •  
  • 8101 Alveron Ave Orlando, FL 2
    • 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,372 Sqft ∙ Built 1971
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.00
    •  
  • 7512 Liz Anne Ct #4 Orlando, FL 3
    • 4 beds 3 baths ∙ 1,275 Sqft ∙ Built 1971 4 beds 3 baths ∙ 1,275 Sqft ∙ Built 1971
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $1.12
    •  
  • 8027 Port Said St Orlando, FL 4
    • 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,416 Sqft ∙ Built 1977
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,538
    • $1.09
    •  
PROPERTY LISTING DETAILS
Angela Worachek
1.503.381.1575
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5928792
Last Updated: 03/11/2021
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