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12021 Ampersand Dr Orlando, FL 32832

5 Beds 3 Baths 2,638 sqft Built 2019

$395,900

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $150.08
  • 2 Days on Market
  • MLS # : O5906110
  • Updated Date : 11/15/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,638 sqft
  • Baths : 3 full
Listing Agent

Beycome Of Florida Llc

Listing Agent's Description

Why wait to build? Make this lovely home yours today! Built in 2019, this is the newest home of this floor plan for sale in the Storey Park community. With 5 bedrooms, a loft, an office, an oversized lot including an extra long driveway and a large fully fenced backyard, you’ll have all the space you need for your family. This home also includes solar panels, hybrid water heater and a smart home system (Ring video doorbell, smart thermostat, smart lights, smart front door lock - controlled by phone or Alexa). You don’t want to miss this opportunity. Floor plan: - Upstairs: Master Suite with master bath + 3 other bedrooms + 1 full bath + spacious loft. - Downstairs: 1 bedroom + office + 1 full bathroom + family room + dining room + spacious kitchen with cabinets and gray quartz countertops + breakfast nook + laundry room. - Exterior: fenced backyard, covered patio, extra long driveway, two car rear load garage, covered front porch. - Upgrades: floor (gray porcelain wood look tile), fully fenced backyard, gutters. Smart & Energy efficient home: Solar panels ($79 monthly lease), hybrid water heater and smart home system (Ring video doorbell, smart thermostat, smart lights, smart front door lock - all can be controlled by phone or Alexa). Location: A+ rated schools: Innovation Middle School (2 blocks away), Sunblaze Elementary (6 min), Lake Nona High School (10 min) Shopping and Restaurants (6 min), Lake Nona Town Center (11 Min), Orlando International Airport (15 min), United States Tennis Association (USTA) National Campus (13 min), Lake Nona Medical City (12 min), Downtown Orlando (20 min). Storey Park community resort: resort style pool, jacuzzi, dog park, walking/bike trails, 24-hour fitness center and tennis court. HOA fee ($125) includes cable TV, high speed-internet and phone package.

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

Neighborhood: Storey Park

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k385k

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

Neighborhood: Storey Park

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
 

$356,310$435,490$395,900

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,461
Property Tax -$499
Property Insurance -$194
HOA -$125
Property Management Fees -$232
CASH FLOW
$69

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$395,900

PROJECTED PRICE

$2,580

PROJECTED RENT

0.65%

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) 3.00%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$106,914

INVESTMENT

$106,914

Down Payment
$98,975
Rehab Estimate
$2,000
Closing Costs
$5,939

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,461

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $98,975
Loan Amount $296,925
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$26,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,585

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,5004$2,5805$2,600
$2,600
RENT COMPS ANALYSIS
  • 12021 Ampersand Dr Orlando, FL 4
    • 5 beds 3 baths ∙ 2,638 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,638 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.98
    •  
  • 11860 Story Time Dr Orlando, FL 1
    • 6 beds 3 baths ∙ 2,727 Sqft ∙ Built 2017 6 beds 3 baths ∙ 2,727 Sqft ∙ Built 2017
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 11902 Philosophy Way Orlando, FL 2
    • 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2018
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
  • 11924 Story Time Dr Orlando, FL 3
    • 5 beds 3 baths ∙ 2,461 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,461 Sqft ∙ Built 2018
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.02
    •  
  • 11932 Story Time Dr Orlando, FL 5
    • 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 2019
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.04
    •  
PROPERTY LISTING DETAILS
Herve Barbera
1.844.239.2663
Beycome Of Florida Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5906110
Last Updated: 11/15/2020
BESbswy