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9513 Painte Creek Ct Orlando, FL 32832

4 Beds 3 Baths 2,316 sqft Built 2003

$369,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $159.33
  • 3 Days on Market
  • MLS # : O5907474
  • Updated Date : 11/21/2020 at 09:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,316 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

You've found what you've been looking for with this open and inviting home in the heart of Lake Nona. Located at the end of a cul de sac in the gated community of Myrtle Bay this home welcomes you into a fantastic entertaining space with a spacious formal living and dining area. You'll love spending time in your kitchen that is practically BRAND NEW with NEW GRANITE countertops just installed, BRAND NEW never been used STAINLESS STEEL appliances and the OPEN FLOOR PLAN with views of the conservation out back. Pull a seat up at the working island or have a cozy breakfast at your eat in dinette. Your OWNERS SUITE will be your welcoming oasis at the end of the day and is located on the FIRST FLOOR, has french doors to your back patio, double WALK IN CLOSETS, soaking tub, DUAL VANITIES and walk in shower. Upstairs is your LOFT area and 3 generous sized bedrooms and guest bath. This home is outfitted with custom shutters which keep the home nice and cool in those summer months. MOVE RIGHT IN, the home has been freshly painted and is ready for its new owner. Low maintenance yard and landscaping so you can spend more time enjoying everything that the neighborhood and Lake Nona have to offer. Minutes to Laureate Park, Lake Nona Country Club, USTA National Tennis campus, Medical City and the Orlando Airport. **MAKE SURE TO WATCH THE VIDEO WALKTHROUGH

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: North Shore at Lake Hart

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k434k

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

Neighborhood: North Shore at Lake Hart

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292305

* 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
Moss Park Elementary School Primary Regular 1,318 96 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Moss Park Elementary School

  • Education Level: Primary
  • # of students: 1,318
  • # of teachers: 96
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
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,773$2,167$1,970

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,970
EXPENSES Loan Payment -$1,361
Property Tax -$413
Property Insurance -$175
HOA -$105
Property Management Fees -$177
CASH FLOW
-$261

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.

$369,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$3,020

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,970

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,027

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9703$1,9994$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 9513 Painte Creek Ct Orlando, FL 2
    • 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,316 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.85
    •  
  • 10181 Marsh Pine Cir Orlando, FL 1
    • 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 2003
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 10060 Stratford Pointe Ave Orlando, FL 3
    • 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,249 Sqft ∙ Built 2007
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.89
    •  
  • 9920 Mountain Lake Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 2,458 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,458 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 10164 Hart Branch Cir Orlando, FL 5
    • 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,414 Sqft ∙ Built 2002
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.91
    •  
PROPERTY LISTING DETAILS
Tanin Teston
1.407.929.1544
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907474
Last Updated: 11/21/2020
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