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12045 Blairemont Way Orlando, FL 32825

4 Beds 3 Baths 2,621 sqft Built 2003

$354,900

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $135.41
  • 2 Days on Market
  • MLS # : O5906746
  • Updated Date : 11/21/2020 at 13:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,621 sqft
  • Baths : 3 full
Listing Agent

List Right Realty

Listing Agent's Description

Fabulous community and plenty of room to grow! The home is ready for it's next owner's to enjoy........ The down stairs includes vaulted ceilings, combination kitchen/ dinette area/living room. Additionally, a shared dining area with bonus room at the front of the house. Awesome entertaining space inside, leading to the outside. Backyard would accommodate a private pool if so desired, or just a great space to hangout with family and friends. Huge master suite with two walk-in closets and generously proportioned En Suite!!!! Comfort, relaxation, and the perfect home getaway. Cypress Springs offers a beautifully kept community with multiple pools, playgrounds, and sidewalks for miles to engage in personal wellness activities.

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: Cypress Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k434k

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

Neighborhood: Cypress Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400Rent in $10292587

* 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
Cypress Springs Elementary School Primary Regular 758 53 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cypress Springs Elementary School

  • Education Level: Primary
  • # of students: 758
  • # of teachers: 53
9
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
 

$319,410$390,390$354,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,309
Property Tax -$423
Property Insurance -$193
HOA -$35
Property Management Fees -$185
CASH FLOW
-$85

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.

$354,900

PROJECTED PRICE

$2,060

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.5%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$99,799

INVESTMENT

$99,799

Down Payment
$88,725
Rehab Estimate
$5,750
Closing Costs
$5,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,309

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,725
Loan Amount $266,175
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,947

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $2,077

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,0603$2,1004$2,1005$2,299
$2,299
RENT COMPS ANALYSIS
  • 12045 Blairemont Way Orlando, FL 2
    • 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,621 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.79
    •  
  • 12120 Diedra Ct Orlando, FL 1
    • 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,774 Sqft ∙ Built 2003
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.68
    •  
  • 1327 Balsam Willow Trl Orlando, FL 3
    • 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,733 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 1477 Balsam Willow Trl #3 Orlando, FL 4
    • 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,536 Sqft ∙ Built 2015
    LEASED 12/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
  • 4041 Andover Cay Blvd Orlando, FL 5
    • 5 beds 3 baths ∙ 2,595 Sqft ∙ Built 2000 5 beds 3 baths ∙ 2,595 Sqft ∙ Built 2000
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,299
    • $0.89
    •  
PROPERTY LISTING DETAILS
Julie Sweet Perez
1.407.719.3313
List Right Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5906746
Last Updated: 11/21/2020
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