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961 Red Dandy Dr Orlando, FL 32818

3 Beds 2 Baths 1,849 sqft Built 1987

$262,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

$75,180

Investment Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $141.70
  • 3 Days on Market
  • MLS # : O5911077
  • Updated Date : 12/12/2020 at 15:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,849 sqft
  • Baths : 2 full
Listing Agent

Realty One Group Inspiration

Listing Agent's Description

One or more photo(s) has been virtually staged. In sought after Rose Hill Phase II. Split plan, 3 BDR, 2 BTH on a large lot. Master bedroom contains a large walk-in closet on one side and sliding door access to the patio on the other. The master bath has dual sinks, a large, marble, garden view tub and separate shower. Living room overlooks the front yard and could make a perfect work-at-home office space. Kitchen features a breakfast bar and an eat-in area and opens to the large family room with a working fireplace and slider door access to the patio. The formal dining room is right off of the open kitchen area. Relax and entertain on your 20ft enclosed patio that overlooks the private rear yard with a storage shed. New roof in 2017. New HVAC in 2018.

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MARKET HIGHLIGHTS

Orlando Market Report
  • 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
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
 

FINANCIALS

Learn how to read this

$235,800$288,200$262,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$967
Property Tax -$340
Property Insurance -$147
HOA -$19
Property Management Fees -$129
CASH FLOW
$149

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.

$262,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.67%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,180

INVESTMENT

$75,180

Down Payment		 $65,500
Rehab Estimate		 $5,750
Closing Costs		 $3,930

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$967

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,500
Loan Amount $196,500
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$30,482

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT

  • $0.95

    LIST RENT PER SQFT

  • $1,618

    COMP ESTIMATED VALUE

  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6753$1,7504$1,7705$1,795
$1,795
RENT COMPS ANALYSIS
  • 961 Red Dandy Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.95
    •  
  • 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
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.82
    •  
  • 1064 Petal Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,867 Sqft ∙ Built 1985
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.90
    •  
  • 925 Red Dandy Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1987
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.94
    •  
  • 9161 Pristine Cir Orlando, FL 5
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 1987
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.84
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Richard Vaughn
1.321.356.1319
Realty One Group Inspiration
BUYER AGENT
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
SOURCE
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911077
Last Updated: 12/12/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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