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9838 Osprey Landing Dr Orlando, FL 32832

4 Beds 3 Baths 2,939 sqft Built 2005

$485,000

List Price

$2,410

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $165.02
  • 2 Days on Market
  • MLS # : O5922069
  • Updated Date : 02/07/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,939 sqft
  • Baths : 3 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Soak in sensational views of water, golf course and conservation from this rare find in North Shore at Lake Hart... a single story, 4 bedroom, 3 bath with office, 3 car garage and huge screened outdoor living space. This one definitely checks all the boxes! Spacious kitchen full of upgrades, living room custom built-in, huge master suite with separate sitting area, split floorplan, loads of natural light, newer a/c, newer water heater, top of the line LG appliance package, high capacity Samsung washer/dryer... just too many "likes" to list! (additional photos coming soon) This home has been thoughtfully maintained, is move-in ready and will not last.

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 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
Innovation Middle School Middle Regular NA
Lake Nona High School High Regular 2,266 108 6

Moss Park Elementary School

  • Education Level: Primary
  • # of students: 1,318
  • # of teachers: 96
8
GreatSchools Rating

Innovation Middle School

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

Lake Nona High School

  • Education Level: High
  • # of students: 2,266
  • # of teachers: 108
6
GreatSchools Rating
 

$436,500$533,500$485,000

PURCHASE PRICE

$2,169$2,651$2,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,410
EXPENSES Loan Payment -$1,685
Property Tax -$542
Property Insurance -$212
HOA -$125
Property Management Fees -$129
CASH FLOW
-$283

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.

$485,000

PROJECTED PRICE

$2,410

PROJECTED RENT

0.50%

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$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$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,685

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$8,147

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,410

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,403

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2003$2,3504$2,3805$2,410
$2,410
RENT COMPS ANALYSIS
  • 9838 Osprey Landing Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,939 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,939 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,410
    • $0.82
    •  
  • 10634 Sparrow Landing Way Orlando, FL 1
    • 4 beds 3 baths ∙ 2,794 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,794 Sqft ∙ Built 2006
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.79
    •  
  • 11723 Malverns Loop Orlando, FL 2
    • 3 beds 3 baths ∙ 2,690 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,690 Sqft ∙ Built 2006
    LEASED 08/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 10108 Marsh Pine Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,731 Sqft ∙ Built 2002
    LEASED 12/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.86
    •  
  • 9850 Heron Pointe Dr Orlando, FL 4
    • 5 beds 3 baths ∙ 2,957 Sqft ∙ Built 2004 5 beds 3 baths ∙ 2,957 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,380
    • $0.80
    •  
PROPERTY LISTING DETAILS
Jason Crawford
1.407.619.6325
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5922069
Last Updated: 02/07/2021
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