Hi Ryan! I have family in Casselberry and know a little about it. But my question is, especially for your first investment(s), why not invest close to home?
hi Ryan I live in Oviedo Florida about 15 to 20 minutes from Casselberry it is an older community 1978 both golf courses and the areas are known average class the University are about 25 minutes from there so it's not really a rental for college kids they usually stay right around the college and there are many rentals near by the colleges but those homes are running around a 200,000 if you need, I can send you some comps later on tonight actually tomorrow just let me know square-foot year and bedroom sizes don't need the address
@Ryan Nicolai I am an agent and investor in the area. Lived in the Casselberry area for over 10 years. Give me a call I can tell you about the area.
Just so you know the answers to most of those questions are going to specific to the subdivision that the property is located. Orlando isn't very uniform in its makeup there tends to be significant price/rent differences between neighbourhoods.
Hi @Ryan Nicolai, I actually live in Casselberry right now and am a Realtor. @John Kent is absolutely correct. We would need to know which subdivision you are talking about.
To answer your general questions, there are two decent golf courses in Casselberry. Deer Run has a wide range of homes from small condos to starter homes, to some really nice homes in the mid $200k range. Several neighborhoods surround the golf course and none of them would be considered bad neighborhoods.
Colleges and universities are far enough away that it cannot be considered a college town, but there are a lot of students either still living with parents or commuting to UCF, Seminole State, or even Valencia.
The other golf course is surrounded by nicer homes, but then some less desirable neighborhoods around that. Not bad, actually I can't think of a neighborhood with a casselberry address that I would consider bad until you get to the north side where the trailer parks are.
@Nicole W. We are looking to break ground in real estate, my business partner is located overseas and we have a plan to invest locally doing rehabs and buy and holds, but until that time comes we want to get our feet wet with a few things. A-actually buying property and B- owning a buy and hold and working with property management.
As far as why Florida? I know the owner and he let slip that his wife and him are sick of owning the property, they have been renting it out for about 10 years and just want to focus on their other properties.
@Miguel Rosarios. Thanks for the offer! It is 1795 sqft. 4 bed 2 bath with a 2 car garage and covered/walled sunroom
@John Kent and @ Bobby Musser The home is located right off the Deer Run course, it is a corner lot and well maintained. There is an HOA at 200$ a year.
Also, would you mind sharing a couple property management companies in the area that you might recommend? They have been managing the property from Oregon which has added to the desire to get rid of the property.
All the previous reply posts have given you some good information. From my perspective of not being a realtor but someone living in this area for 10 years, Casselberry is a convenient area to live in for Central Florida. Close to shopping/Winter Park. 20 minutes from downtown Orlando.
Some parts of Casselberry are bit older with homes built in the 1980s. I would estimate a 3/2 house in Casselberry goes for around 185k on average. Its more of a working class community. Some towns in Central Florida that are more desirable and growing faster are Oviedo and Winter Springs. Home prices in these areas are a bit higher and have more gated communities.
Hope that helps. Feel free to reach out if you have any specific questions.