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$449,000

For Sale - Active
8850 Pine Bay Ct, Orlando, FL 32825
3 Beds
3 Baths
1,559 Square Feet
0.25 Acres Lot
Built in 1983
For Sale - Active
Units n/a
Checked: 13 hours ago
Updated: Jul 19, 2025 at 03:43AM

Investment Summary


Monthly Cash Flow
-$730
Cap Rate
4.2%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.2%

Property Description


0.25 Acres Lot
Built in 1983
For Sale - Active
Units n/a

These homeowners after decades of raising a family and caring for this desirable three-bedroom, three-bathroom, pool home have decided to move on with the next chapter in their lives. Right away, you'll notice the entire front yard has new sod and along with that a brand-new drain field was recently installed and roof shingles were replaced just last year. And in late 2023 the house was re-piped with new pex plumbing providing another big saver. As you enter, you'll appreciate the spacious living room leading to the formal dining room which is adjacent to a very nice kitchen with granite counters, solid oak cabinetry and views of the spacious back yard with a sparkling swimming pool. A cozy family room/den is right next to the kitchen and has French doors leading to large screened-in porch with sun shades. And around the corner from the kitchen is the 3rd bedroom with adjoining full bathroom. The Primary bedroom, 2nd bedroom and two other bathrooms are upstairs. Much of the interior walls and the exterior doors have been freshly painted recently. The owner is a retired engineer that has made some very detailed improvements that you'll appreciate like the (20ft X 10ft) workshop/shed located in the back yard that has lots of storage and an exterior that compliments the exterior of the main home. On the back side of the workshop/shed are several rain barrels that collect rain off the roof. Garage ceiling with pull down steps. Lots of storage space for light storage over the garage. Floored attic space covers over half of the garage and is well lighted. The back yard has elaborated, landscaped walkways and rock landscape around the pool! It's hot... it's summer. As you look at the pool, you may regret not having your bathing suit! Come on in for a viewing today!

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Location


Property Details


Parking

  • Description: Garage
  • Details: Driveway, Garage Door Opener, Guest, Other, Attached
  • Garage Spaces: 2
  • Spaces Total: 0

Bedroom Information

  • # of Bedrooms: 3

Bathroom Information

  • # of Baths (Full): 3
  • # of Baths (Total): 3.0

Interior Features

  • # of Rooms: 7
  • # of Stories: 2

Exterior Features

  • Exterior Walls Materials: Siding (Alum/Vinyl)
  • Foundation: Slab
  • Roof Type: Gable or Hip
  • Roof Material: Shingle
  • Pool: Yes

HOA

  • Has HOA: Yes
  • Association: Christopher Anderson
  • HOA Fee: $280/annually

Land Information

  • Land Use: Residential
  • Land Use Subtype: Single Family Residential

Lot Information

  • Parcel ID: 302231054101230
  • Lot Size: 10891 sqft

Property Information

  • Property Type: Single Family Residence
  • Style: Cape Cod
  • Year Built: 1983

Tax Information

  • Annual Tax: $1,585

Utilities

  • Water & Sewer: None
  • Heating: Central, Electric
  • Cooling: Central Air

Location

  • County: Orange

Listing Details


Listed by:
Jeffrey Lain
CHARLES RUTENBERG REALTY ORLANDO
(407) 923-5661

Source:
Stellar MLS
MLS#: O6321371
Stellar MLS

Investment Summary


Monthly Cash Flow
-$730
Cap Rate
4.2%
Cash-on-Cash Return
-8.5%
Debt Coverage Ratio
0.68
Internal Rate of Return (5 years)
-4.2%

Purchase Details

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Purchase price:
$449,000
Amount financed:
-$359,200
Down payment:
$89,800
Closing costs:
$13,470
Rehab costs:
$0
Initial cash invested:
$103,270
Square feet:
1,559
Cost per square foot:
$288
Monthly rent per square foot:
$1.60

Financing Details

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Loan amount:
$359,200
Loan to value ratio:
80.0%
Loan type:
Amortizing
Term:
30 years
Interest rate:
6.625%
Principal & interest:
$2,300
Property tax:
$132
Insurance:
$175
Private mortgage insurance (PMI):
$0
Monthly payment:
$2,607

Operating Income

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% Rent Monthly Yearly
Gross rent:
$2,500 $30,000
Vacancy loss: (6%)
6% -$150 -$1,800
Operating income:
$2,350 $28,200

Operating Expenses


% Rent Monthly Yearly
Property taxes: (5%)
5%-$132-$1,585
Insurance: (7%)
7%-$175-$2,100
Property management: (8%)
8%-$200-$2,400
Repairs & maintenance: (5%)
5%-$125-$1,500
Capital expenditures: (5%)
5%-$125-$1,500
HOA fees: (1%)
1%-$23-$276
Total operating expenses: (31%)
31%-$780-$9,361

Cash Flow


Monthly Yearly
Net operating income:
$1,570 $18,840
Mortgage payments:
-$2,300 -$27,600
Cash flow:
$730 $8,760