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8324 Dominguin St Orlando, FL 32817

3 Beds 1 Baths 944 sqft Built 1961

$189,900

List Price

$1,080

$972 - $1.2K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 1961
  • Price/Sqft : $201.17
  • 5 Days on Market
  • MLS # : V4916193
  • Updated Date : 10/30/2020 at 10:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 944 sqft
  • Baths : 1 full
Listing Agent

Charles Rutenberg Realty Orlan

Listing Agent's Description

Fantastic Location This 3 bed/1 Bath home in located in a quiet community, near Shopping, Restaurants, and major Highways. The home has a fenced in yard and the carport has been screened to enjoy the Florida weather. The back yard is large and offers a fire pit, trampoline and swing set, Also has a poured concrete slab that will hold a workshop or utility shed. This home is ready for it's new owner. Don't Miss this Great Opportunity to Own.

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: 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
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cheney Elementary School

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

$170,910$208,890$189,900

PURCHASE PRICE

$972$1,188$1,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,080
EXPENSES Loan Payment -$701
Property Tax -$216
Property Insurance -$92
Property Management Fees -$97
CASH FLOW
-$26

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.

$189,900

PROJECTED PRICE

$1,080

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$701

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$6,674

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,080

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $897

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,0003$1,080
$1,080
RENT COMPS ANALYSIS
  • 8324 Dominguin St Orlando, FL 3
    • 3 beds 1 baths ∙ 944 Sqft ∙ Built 1961 3 beds 1 baths ∙ 944 Sqft ∙ Built 1961
    • Rent
    • Rent Per SQFT
    •  
    • $1,080
    • $1.14
    •  
  • 7737 Lady Frances Way Orlando, FL 1
    • 3 beds 1 baths ∙ 1,071 Sqft ∙ Built 1971 3 beds 1 baths ∙ 1,071 Sqft ∙ Built 1971
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.89
    •  
  • 2888 Kinnon Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 994 Sqft ∙ Built 1975 3 beds 2 baths ∙ 994 Sqft ∙ Built 1975
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,000
    • $1.01
    •  
PROPERTY LISTING DETAILS
Barbara Cochrane
1.386.500.1192
Charles Rutenberg Realty Orlan
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: V4916193
Last Updated: 10/30/2020
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