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12055 Sumter Dr Orlando, FL 32824

3 Beds 3 Baths 2,177 sqft Built 2015

$400,000

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $183.74
  • 7 Days on Market
  • MLS # : O5930835
  • Updated Date : 03/26/2021 at 11:20
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,177 sqft
  • Baths : 2 full , 1 half
Listing Agent

Innovation Group

Listing Agent's Description

Don't miss out on the opportunity of owning this stunning two-story turn key home! Beautiful curb appeal and a spacious long driveway, allowing ample room for multiple vehicles. Upon entering you will see tile throughout the entire first floor and modern finishes. The kitchen is open to the living room with large windows to allow plenty of natural lighting. Kitchen features a large island and all granite countertops. All stainless steel appliances are included!!! Upstairs you will find a loft large enough to turn into a play or movie room! All bedrooms are a great size, making it extremely comfortable for a large family. The master bathroom features a double vanity, soak in tub, and a stand up shower. You will find tons of storage and closet space in this home as well as your very own laundry room!! This home has so much to offer!! You wont want to miss out. Schedule a private showing today.

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: Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k281k

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

Neighborhood: Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282094

* 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
Wetherbee Elementary School Primary Regular 853 54 6
South Creek Middle School Middle Regular 949 54 4
Cypress Creek High School High Magnet 3,124 148 5

Wetherbee Elementary School

  • Education Level: Primary
  • # of students: 853
  • # of teachers: 54
6
GreatSchools Rating

South Creek Middle School

  • Education Level: Middle
  • # of students: 949
  • # of teachers: 54
4
GreatSchools Rating

Cypress Creek High School

  • Education Level: High
  • # of students: 3,124
  • # of teachers: 148
5
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,389
Property Tax -$447
Property Insurance -$166
HOA -$68
Property Management Fees -$129
CASH FLOW
-$340

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.

$400,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,037

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,068

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,860
1$1,8602$1,8853$1,9004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 12055 Sumter Dr Orlando, FL 1
    • 3 beds 3 baths ∙ 2,177 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,177 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.85
    •  
  • 12067 Sumter Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2016
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,885
    • $0.95
    •  
  • 12112 Carson Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 2015
    LEASED 03/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 4136 Cypress Glades Ln Orlando, FL 4
    • 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,236 Sqft ∙ Built 2018
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 1755 Plantation Oak Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,261 Sqft ∙ Built 2007
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
PROPERTY LISTING DETAILS
Madeline Rivera
1.407.757.8544
Innovation Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5930835
Last Updated: 03/26/2021
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