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9119 Pristine Cir Orlando, FL 32818

3 Beds 2 Baths 1,988 sqft Built 1988

$299,000

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $150.40
  • 7 Days on Market
  • MLS # : O5915533
  • Updated Date : 01/28/2021 at 17:27
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,988 sqft
  • Baths : 2 full
Listing Agent

Century 21 Carioti

Listing Agent's Description

DEBUT! Lovely 3 Bedroom 2 Bathroom house is ready for YOU to call it HOME! This home is located in the well-established and maintained community of ROSE HILL... conveniently located by SR 408, SR 429, and the Turnpike for any easy commute to work or to enjoy all that ORLANDO has to offer! The home features a grand foyer entry, a split floorplan, a formal dining room, a BONUS/ OFFICE/ FLEX room, a lovely kitchen with a dinette area, a large family room with a FIREPLACE, an inside utility room, vaulted ceilings, and so much more! The kitchen has an open concept and features a breakfast bar, the dinette area, and a closet pantry. The primary bedroom SUITE is oversized and boasts a walk in closet, double sinks, a step-in shower, and an large soaking tub. The OVERSIZED family room with a FIREPLACE is a focal point of the home and leads to the fenced back yard, beautiful mature trees, and the covered patio... just perfect for entertaining and family gatherings! ACT FAST and call for more information! *A VIRTUAL TOUR* showing is also available so you can also view the home from the comfort of your sofa! Virtual Showing: http://9119pristine.site/Video-MLS

SEE MORE

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: Rose Hill

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k321k

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

Neighborhood: Rose Hill

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
Ocoee Elementary School Primary Regular 804 54 4
Ocoee Middle School Middle Regular 1,375 73 3
Ocoee High School High Regular 2,243 106 4

Ocoee Elementary School

  • Education Level: Primary
  • # of students: 804
  • # of teachers: 54
4
GreatSchools Rating

Ocoee Middle School

  • Education Level: Middle
  • # of students: 1,375
  • # of teachers: 73
3
GreatSchools Rating

Ocoee High School

  • Education Level: High
  • # of students: 2,243
  • # of teachers: 106
4
GreatSchools Rating
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$1,039
Property Tax -$341
Property Insurance -$155
HOA -$17
Property Management Fees -$129
CASH FLOW
-$80

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.

$299,000

PROJECTED PRICE

$1,600

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 9.3%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$9,450

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,605

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,5003$1,5754$1,6005$1,795
$1,795
RENT COMPS ANALYSIS
  • 9119 Pristine Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,988 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.80
    •  
  • 1508 Vidalia Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1985
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.79
    •  
  • 8534 Sunsprite Ct #no Orlando, FL 2
    • 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
    •  
  • 8948 Hillsdale Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 1984 3 beds 2 baths ∙ 2,020 Sqft ∙ Built 1984
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.78
    •  
  • 9161 Pristine Cir Orlando, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Nicole Van Treese
1.407.462.9050
Century 21 Carioti
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915533
Last Updated: 01/28/2021
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