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12019 Uracus St Orlando, FL 32837

4 Beds 3 Baths 2,263 sqft Built 1986

$315,000

List Price

$1,970

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $139.20
  • 4 Days on Market
  • MLS # : O5932234
  • Updated Date : 03/25/2021 at 13:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,263 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Residential Re

Listing Agent's Description

This meticulously maintained move-in-ready property features 4 Bedroom, 3 Bathroom, 2 car garage, and is located in the Pepper Mill neighborhood of South Orlando. Featuring a roof that was installed in 2018, laminate flooring in the common areas and master bedroom, carpet in the other bedrooms and bonus room, and ceramic tile in the bathrooms. Upon entering you are greeted by the open living room, with the kitchen just off to the side that features an updated kitchen with a stainless steel fridge and range, breakfast bar, and lots of shaker cabinets for storage perfect for any chef. Entering the large master bedroom you will notice an en-suite bathroom with a stand-up shower, a separate vanity space, and a walk-in closet. With the other 3 larger-sized bedrooms, a large bonus room, and 1 of the other 2 bathrooms featuring a shower tub this home is perfect for a growing family. Going back to the living room entering the office space that leads to the large Florida room perfect for entertaining! Walking out from the Florida room into the fenced-in back yard that features a shed great for storage (open the gate from the backyard and gain access to the dog park). Conventionally located near lots of restaurants, shopping, major highways, the Orlando International Airport (OIA), University of Central Florida (UCF), and area attractions. Schedule your showing today to call this house your home!

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: Pepper Mill

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k259k

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

Neighborhood: Pepper Mill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951723

* 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
John Young Elementary School Primary Regular 713 51 6
Freedom Middle School Middle Regular 1,040 58 3
Freedom High School High Regular 3,281 149 6

John Young Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 51
6
GreatSchools Rating

Freedom Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 58
3
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 3,281
  • # of teachers: 149
6
GreatSchools Rating
 

$283,500$346,500$315,000

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 -$1,094
Property Tax -$357
Property Insurance -$171
HOA -$3
Property Management Fees -$129
CASH FLOW
$216

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.

$315,000

PROJECTED PRICE

$1,970

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 9.2%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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$0.0$5.0k$10k$15k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$34,554

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
  • $0.87

    LIST RENT PER SQFT
  • $1,986

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,9003$1,9704$1,9845$2,050
$2,050
RENT COMPS ANALYSIS
  • 12019 Uracus St Orlando, FL 3
    • 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,263 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,970
    • $0.87
    •  
  • 2018 Norfield Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1987 3 beds 2 baths ∙ 2,093 Sqft ∙ Built 1987
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.81
    •  
  • 2386 Whispering Maple Dr Orlando, FL 2
    • 4 beds 3 baths ∙ 2,043 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,043 Sqft ∙ Built 1987
    LEASED 03/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 2519 Smithfield Dr #4 Orlando, FL 4
    • 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 1992
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,984
    • $0.90
    •  
  • 2957 Smithfield Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1995
    LEASED 03/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.87
    •  
PROPERTY LISTING DETAILS
Forrest Mead
1.407.719.0684
Coldwell Banker Residential Re
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5932234
Last Updated: 03/25/2021
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