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9899 Pecan Hickory Way Orlando, FL 32832

3 Beds 3 Baths 1,998 sqft Built 2016

$340,000

List Price

$1,990

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 16, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $170.17
  • 2 Days on Market
  • MLS # : S5045220
  • Updated Date : 01/17/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,998 sqft
  • Baths : 2 full , 1 half
Listing Agent

Banersy Real Estate, Llc

Listing Agent's Description

Motivated Seller!!Location, Location, Location!! This beautiful home is located in one of the fastest growing areas in Orlando, It has a direct connect to 528 through the Innovation Way. This beautiful home was constructed in 2016 by Lennar Homes. With amazing schools(A+), Lake Nona High (High School), Innovation Middle (Middle School), Moss Park Elementary (Elementary School)

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

Zip Code: 32832

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k385k

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

Zip Code: 32832

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292276

* 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
 

$306,000$374,000$340,000

PURCHASE PRICE

$1,791$2,189$1,990

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,990
EXPENSES Loan Payment -$1,181
Property Tax -$380
Property Insurance -$155
HOA -$138
Property Management Fees -$129
CASH FLOW
$6

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.

$340,000

PROJECTED PRICE

$1,990

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.5%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $255,000
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$18,938

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,990

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,998

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$1,9903$1,9954$1,9995$2,145
$2,145
RENT COMPS ANALYSIS
  • 9899 Pecan Hickory Way Orlando, FL 2
    • 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.00
    •  
  • 10013 Lovegrass Ln Orlando, FL 1
    • 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2017
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $1.00
    •  
  • 11107 Sycamore Woods Dr Orlando, FL 3
    • 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2017
    LEASED 04/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.00
    •  
  • 11119 Sycamore Woods Dr Orlando, FL 4
    • 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,998 Sqft ∙ Built 2017
    LEASED 05/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $1.00
    •  
  • 12055 Maidenhair Way Orlando, FL 5
    • 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 2018
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $1.00
    •  
PROPERTY LISTING DETAILS
Lina Torres
1.219.730.8364
Banersy Real Estate, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5045220
Last Updated: 01/17/2021
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