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8407 Sunsprite Ct Orlando, FL 32818

3 Beds 2 Baths 2,077 sqft Built 1993

$305,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $147.28
  • 2 Days on Market
  • MLS # : O5907586
  • Updated Date : 11/22/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,077 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Wow! Check out this beautiful, completely renovated home! From the minute you pull up to this cul-de-sac property you will be impressed with the freshly-painted exterior, brand new garage door and new roof (2016), new AC (2018). Enter through the grand entry double doors to a large foyer, giving you lots of natural light. Check out the brand-new kitchen with shaker style cabinets, stainless steel appliances, gorgeous marble-like granite countertops, eat-in area and large island make this kitchen perfect for families and entertaining. Step into the large dining room which is open and bright featuring recessed lighting. Don't miss the amazing laundry room where you will be happy to do your laundry with it's built-in cabinetry, sink and whimsical backsplash tile. The great/family room is oversized and can easily hold a sectional. The master bedroom and bath are a true retreat with new carpeting, double master closets and a fully renovated master bathroom. Two bedrooms are on the other side of the house and the fully updated hall bathroom is the perfect size. The Florida room stretches across the back of the house and is air-conditioned with Mexican tile floors. The backyard is fully fenced and wow the pond view is something you will enjoy every night! Don't miss seeing this amazing home, schedule your showing today!

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: Rose Hill Groves

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $105k317k

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

Neighborhood: Rose Hill Groves

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10281712

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

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$275,310$336,490$305,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,129
Property Tax -$349
Property Insurance -$160
HOA -$25
Property Management Fees -$147
CASH FLOW
-$179

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.

$305,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 11.3%
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$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$86,814

INVESTMENT

$86,814

Down Payment
$76,475
Rehab Estimate
$5,750
Closing Costs
$4,589

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $76,475
Loan Amount $229,425
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,164

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,719

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6303$1,7704$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 8407 Sunsprite Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 2,077 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,077 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.78
    •  
  • 8534 Sunsprite Ct #no Orlando, FL 1
    • 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,835 Sqft ∙ Built 1997
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.82
    •  
  • 8555 White Rose Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,200 Sqft ∙ Built 1989
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.80
    •  
  • 9161 Pristine Cir Orlando, FL 4
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1987
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
  • 1127 Byerly Way Orlando, FL 5
    • 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,121 Sqft ∙ Built 1989
    LEASED 11/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.85
    •  
PROPERTY LISTING DETAILS
Christine Elias
1.321.231.5814
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907586
Last Updated: 11/22/2020
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