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9820 Pecky Cypress Way Orlando, FL 32836

4 Beds 2 Baths 2,134 sqft Built 2003

$388,880

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $182.23
  • 3 Days on Market
  • MLS # : O5928141
  • Updated Date : 03/06/2021 at 11:48
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,134 sqft
  • Baths : 2 full
Listing Agent

Re/max Prime Properties

Listing Agent's Description

Seller is asking for HIGHEST AND BEST OFFER by Sunday March 7 at 12:30 p.m. Act fast so you don't miss this one! Spectacular, spotless, MOVE IN READY and BEAUTIFUL 4 bedroom/2 bath home on a LARGE CORNER LOT in the beautiful, GATED community of Cypress Chase in Southwest Orlando. NEW AC APRIL 2020 Enjoy an amazing, open floor plan with SOARING VAULTED CEILINGS, a formal living room and dining room. The exceptional gourmet kitchen features an eat-in area, lots of custom cabinet space, GRANITE countertops, STAINLESS STEEL appliances, a BREAKFAST BAR, walk-in pantry, plus a built-in desk and more. You'll absolutely love the beautiful flooring and the open floor plan that is accented by the vaulted ceilings and lots of elegant windows that let the natural light pour in! The spacious family room also opens to a fully SCREENED-IN PORCH, a brick paver patio and a large, private, and very relaxing FENCED YARD that is ideal for play or entertaining. Find peace in the beautiful master bedroom suite and the master bath offers dual sinks, shower and a separate garden tub. Even the very welcoming front entry features exceptional windows and natural light. Cypress Chase is a small, gated community that's ideally situated near Windermere and Lake Buena Vista. Located off CR 535 and minutes to I-4 and SR 429. Just outside the gates of Disney with lots of nearby dining, shopping, golf and entertainment options. Buyer and realtor to verify school info, measurements and taxes. Welcome home and have the convenience of everything in your backyard including shopping and restaurants. Hurry to schedule your private showing before this one is gone!

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: Cypress Chase

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k383k

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

Neighborhood: Cypress Chase

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292234

* 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
Castleview Elementary Primary Unknown NA
Bridgewater Middle School Middle Regular 1,373 72 6
Windermere High School High Unknown NA

Castleview Elementary

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Bridgewater Middle School

  • Education Level: Middle
  • # of students: 1,373
  • # of teachers: 72
6
GreatSchools Rating

Windermere High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$349,992$427,768$388,880

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 -$1,351
Property Tax -$436
Property Insurance -$164
HOA -$60
Property Management Fees -$129
CASH FLOW
-$170

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.

$388,880

PROJECTED PRICE

$1,970

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 2.8%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$108,803

INVESTMENT

$108,803

Down Payment
$97,220
Rehab Estimate
$5,750
Closing Costs
$5,833

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,351

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $97,220
Loan Amount $291,660
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$10,135

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
  • $0.92

    LIST RENT PER SQFT
  • $1,979

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,9703$2,0004$2,1755$2,200
$2,200
RENT COMPS ANALYSIS
  • 9820 Pecky Cypress Way Orlando, FL 2
    • 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,134 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.92
    •  
  • 10621 Golden Cypress Ct #2 Orlando, FL 1
    • 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2004
    LEASED 10/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 9300 Edenshire Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2006
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
  • 9427 Edenshire Cir Orlando, FL 4
    • 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,123 Sqft ∙ Built 2005
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $1.02
    •  
  • 9048 Edenshire Cir Orlando, FL 5
    • 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,317 Sqft ∙ Built 2006
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.95
    •  
PROPERTY LISTING DETAILS
Lori Lucente-nelson
1.407.401.1400
Re/max Prime Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5928141
Last Updated: 03/06/2021
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