Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9143 Galleon Ct Orlando, FL 32819

4 Beds 3 Baths 2,196 sqft Built 1986

$439,900

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1986
  • Price/Sqft : $200.32
  • 2 Days on Market
  • MLS # : O5903182
  • Updated Date : 11/03/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,196 sqft
  • Baths : 2 full , 1 half
Listing Agent

La Rosa Rty Winter Garden Llc

Listing Agent's Description

Location, location, location! Very close to the renown Bay Hill Golf and Country Club. Great, established neighborhood with mature oak trees and beautiful winding streets along Lake Blanche. Located in a quiet cul-de-sac, this immensely updated 4-BRS, 2 and 1/2 bath family home has a lot to offer. Open and airy split floor plan with vaulted ceilings, great for entertaining. Engineered hardwood floors throughout main living spaces and Master-BR. Slate tile in all wet areas. Remodeled kitchen, vented-out hood-range. Carrera marble counter tops, modern bevelled subway-tile, farm-house sink. Remodeled Bathrooms, marble counter tops, and more. Custom built-ins and fireplace surround with Marble tile step, lighting, and modern-gold hardware (2020). Exterior paint done in 2019, New water heater, 2020. Tiled-roof cleaned in 2020. Expansive front and backyard with mature palm trees and exotic pink Silk Floss tree with an almost half an acre lot in Orlando! Conveniently located to the stretch of Sandlake Restaurant Row, Trader Joe's and Family theme parks. Easy access to I-4 and major hwys.

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: North Bay

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $105k546k

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

Neighborhood: North Bay

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10292850

* 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
Palm Lake Elementary School Primary Regular 624 42 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Palm Lake Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 42
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
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,623
Property Tax -$494
Property Insurance -$167
HOA -$47
Property Management Fees -$212
CASH FLOW
-$184

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.

$439,900

PROJECTED PRICE

$2,360

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.1%
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$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,897

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,427

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3003$2,3504$2,3605$2,400
$2,400
RENT COMPS ANALYSIS
  • 9143 Galleon Ct Orlando, FL 4
    • 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,196 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $1.07
    •  
  • 5106 Sun Palm Dr Windermere, FL 1
    • 4 beds 3 baths ∙ 2,026 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,026 Sqft ∙ Built 1987
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.09
    •  
  • 9126 Galleon Ct Orlando, FL 2
    • 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,161 Sqft ∙ Built 1988
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.06
    •  
  • 5722 Bay Side Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 2,148 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,148 Sqft ∙ Built 1988
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.09
    •  
  • 9368 Woodbreeze Blvd Windermere, FL 5
    • 4 beds 3 baths ∙ 2,026 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,026 Sqft ∙ Built 1986
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.18
    •  
PROPERTY LISTING DETAILS
Janet Sangalang
1.407.625.5532
La Rosa Rty Winter Garden Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903182
Last Updated: 11/03/2020
BESbswy