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8209 Spring Breeze Ct Orlando, FL 32829

3 Beds 2 Baths 1,302 sqft Built 1995

$218,950

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $168.16
  • 6 Days on Market
  • MLS # : U8113726
  • Updated Date : 02/24/2021 at 09:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,302 sqft
  • Baths : 2 full
Listing Agent

The Shop Real Estate Co.

Listing Agent's Description

One or more photo(s) has been virtually staged. Charming 3 bedroom, 2 bathroom fixer upper home located in beautiful, sun-drenched Orlando, Florida. Everything you could ever need is sitting right at your fingertips. University of Central Florida is less than 20 minutes north, The Orlando International Airport is less than 20 minutes to the south, and for those who are still kids at heart, the magical Walt Disney World is just a short 30 minute drive away. This delightful home is tucked away in the quiet streets of Spring village close to schools and grocery stores. From the moment you turn onto Spring Breeze Drive, you get an idea of the family friendly area this neighborhood provides. Upon stepping into this home, you are immediately greeted by high ceilings, an abundance of natural light and an open floor plan that is sure to impress for years to come. The eat in kitchen presents plenty of space to show off your hidden chef skills, and create new family recipes for all to enjoy. The breakfast bar provides ample space to serve up breakfast and meals for large crowds. Just beyond your kitchen, you find the two car garage with washer and dryer hookups. This open concept home features 3 bedrooms and two bathrooms. The master bedroom includes a walk-in closet as well as an attached en suite master bathroom with oversized shower, and separate soaking tub. This home won't last long. Bring your creative touch, and make this one yours! Property is sold AS-IS without any guarantee or warranty by the seller. Claims made in this listing are deemed correct by seller, but buyer understands it is their responsibility to confirm all info.

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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: Spring Village

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Spring Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8461712

* 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
 

$197,055$240,845$218,950

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$761
Property Tax -$267
Property Insurance -$114
Property Management Fees -$129
CASH FLOW
$130

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.

$218,950

PROJECTED PRICE

$1,400

PROJECTED RENT

0.64%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$63,772

INVESTMENT

$63,772

Down Payment
$54,738
Rehab Estimate
$5,750
Closing Costs
$3,284

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$761

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $54,738
Loan Amount $164,213
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$21,728

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $1.08

    LIST RENT PER SQFT
  • $996

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,0003$1,0504$1,2505$1,400
$1,400
RENT COMPS ANALYSIS
  • 8209 Spring Breeze Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,302 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.08
    •  
  • 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
    •  
  • 8619 Catbriar Ln Orlando, FL 4
    • 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,588 Sqft ∙ Built 1983
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.79
    •  
PROPERTY LISTING DETAILS
Terry Connors, Ii
1.727.452.6054
The Shop Real Estate Co.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8113726
Last Updated: 02/24/2021
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