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8200 Scarborough Ct Orlando, FL 32829

3 Beds 2 Baths 1,350 sqft Built 1989

$327,500

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $242.59
  • 1 Days on Market
  • MLS # : O5958206
  • Updated Date : 07/13/2021 at 11:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,350 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

This stunning 3 bedroom split floor plan ranch home was fully renovated in 2021 and offers over 1300 square feet of luxurious living space. Designed to perfection this home offers the ideal floor plan. The chefs kitchen complete with white shaker cabinets, exotic granite, and stainless steel appliances counters opens to the spacious family room and dining area perfect for entertaining on any scale. The spacious living room features a large stone fireplace. The large master suite features a spa like bathroom with dual vanity. Completing the home is an oversized 2 car garage and large fully fenced backyard. Other upgrades include brand new roof, HVAC system, and water heater. House was also just completely re-plumbed.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chatham Place

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Chatham Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8601712

* 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
Pinar Elementary School Primary Regular 463 32 5
Liberty Middle School Middle Regular 1,025 61 2
Colonial High School High Magnet 3,339 160 4

Pinar Elementary School

  • Education Level: Primary
  • # of students: 463
  • # of teachers: 32
5
GreatSchools Rating

Liberty Middle School

  • Education Level: Middle
  • # of students: 1,025
  • # of teachers: 61
2
GreatSchools Rating

Colonial High School

  • Education Level: High
  • # of students: 3,339
  • # of teachers: 160
4
GreatSchools Rating
 

$294,750$360,250$327,500

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$1,138
Property Tax -$372
Property Insurance -$117
Property Management Fees -$129
CASH FLOW
-$326

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.

$327,500

PROJECTED PRICE

$1,430

PROJECTED RENT

0.44%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 7.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$92,538

INVESTMENT

$92,538

Down Payment
$81,875
Rehab Estimate
$5,750
Closing Costs
$4,913

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,138

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,875
Loan Amount $245,625
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$862

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,006

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,0003$1,0504$1,1955$1,430
$1,430
RENT COMPS ANALYSIS
  • 8200 Scarborough Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,350 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $1.06
    •  
  • 3822 Janie Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,490 Sqft ∙ Built 1981
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.64
    •  
  • 7982 Sagebrush Pl Orlando, FL 2
    • 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 1996
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $0.85
    •  
  • 2802 Autumn Run Pl Orlando, FL 3
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1991
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.78
    •  
  • 8910 Havasu Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,685 Sqft ∙ Built 1978
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.71
    •  
PROPERTY LISTING DETAILS
Justin Poritzky
1.407.616.5837
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5958206
Last Updated: 07/13/2021
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