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8572 Shady Glen Dr Orlando, FL 32819

4 Beds 2 Baths 1,908 sqft Built 1983

$409,000

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $214.36
  • 3 Days on Market
  • MLS # : O5914188
  • Updated Date : 01/02/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,908 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Orlando

Listing Agent's Description

Happy New Year!! This completely updated pool home is ready for the New Year for you!! Open concept 4 bedroom with split bedrooms floorplan with NO HOA. Walk in and feel the wide open feeling with views of the Enclosed Pool and the back yard. Kitchen opens up to Living Room/Dining Room areas and features a Cooking Island. All new wood cabinets with Quartz Countertops in the kitchen and granite in the bathrooms. Master features a dual sink vanity bathroom with shower, walk in closet and barn doors on one side of the home. Walk down the hall to 3 other bedrooms and bathroom on opposite side of the home. 2nd bath also features dual sink vanity with shower/tub and a skylight for natural lighting. New Wood Plank tile flooring in the entire home except for 2 bedrooms. All new electrical fixtures/lighting/outlets/switches. Lighting elements include led lighting and fixtures featuring vintage style edison lightbulbs. All new shower, tub, toilets, plumbing features, faucets. New garage door with opener. New Central AC system. All new Kitchen Appliances. Save energy with all the updated appliances, AC and lighting. This home is great for entertaining family and friends. The home wraps around a covered patio with screened in pool in a fenced in back yard. Kitchen sink features a window in front to serve your guest and family drinks and food as pass through. Enjoy cooking on the island range open the living areas. All the cabinets feauture soft close drawers and doors. New interior doors with black hardware. This house has the Designers look with all the feelings of a place to call Home!

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sand Lake Hills

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k384k

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

Neighborhood: Sand Lake Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292363

* 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
Dr. Phillips Elementary School Primary Regular 641 43 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Dr. Phillips Elementary School

  • Education Level: Primary
  • # of students: 641
  • # of teachers: 43
9
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
 

$368,100$449,900$409,000

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,509
Property Tax -$456
Property Insurance -$150
Property Management Fees -$129
CASH FLOW
-$245

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.

$409,000

PROJECTED PRICE

$2,000

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$10,266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,956

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8503$2,0004$2,1005$2,120
$2,120
RENT COMPS ANALYSIS
  • 8572 Shady Glen Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,908 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.05
    •  
  • 8901 Turnberry Ct Orlando, FL 1
    • 3 beds 3 baths ∙ 1,995 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,995 Sqft ∙ Built 1979
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.90
    •  
  • 8614 Edge O Woods Ct Orlando, FL 2
    • 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1980
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 6324 Orange Cove Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1983
    LEASED 09/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.14
    •  
  • 8507 Sunny Hollow Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,992 Sqft ∙ Built 1980
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.06
    •  
PROPERTY LISTING DETAILS
Pasha Rahmani
1.321.443.6483
Charles Rutenberg Realty Orlando
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5914188
Last Updated: 01/02/2021
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