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12073 Sumter Dr Orlando, FL 32824

4 Beds 2 Baths 1,983 sqft Built 2018

$350,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $176.50
  • 5 Days on Market
  • MLS # : O5905134
  • Updated Date : 11/14/2020 at 21:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,983 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Better than new! This beautiful one story 4-bedroom 2 bath home features an open floor plan with many upgrades. You will surely be impressed with the many upgrades in this lovely home. Enter through the beautiful stained-glass front door into the entry way that leads to an open and spacious great room, 9 ft ceilings throughout, vinyl plank flooring, upgraded light fixtures, LED lights and custom 2-inch blinds throughout. The large kitchen offers plenty of storage with a closet pantry and upgraded shaker cabinets, and soft close heavy-duty wire draw inserts for your pots and pans. The beautiful large granite kitchen island with pendant lighting and seating overlooks the great room. The master bedroom features a huge walk in closet. The large master bath offers a garden tub and separate shower. All bathrooms feature upgraded cabinets and granite countertops. The sliding glass doors in the great room lead to the screened in lanai, where you can enjoy your large private back yard that features a 6 ft. vinyl fence with two locking gates and a storage shed. The home is beautifully landscaped and has pavers around the side and back. This home comes with hurricane shutters that have easy-install frames that blend with the exterior and allow the natural light to come through. The community of Sawgrass is centrally located close to schools, Lake Nona, airport, shopping, and theme parks.

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: 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,291
Property Tax -$391
Property Insurance -$155
HOA -$72
Property Management Fees -$174
CASH FLOW
-$153

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.

$350,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

2.08

YEARS SAVED

$6,067

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,928

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9003$1,9304$1,9955$2,000
$2,000
RENT COMPS ANALYSIS
  • 12073 Sumter Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2018 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.97
    •  
  • 12735 Boggy Pointe Dr Orlando, FL 1
    • 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,956 Sqft ∙ Built 2007
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.92
    •  
  • 12112 Carson Dr Orlando, FL 2
    • 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
    •  
  • 12067 Sumter Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,983 Sqft ∙ Built 2016
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.01
    •  
  • 3929 Pine Gate Trl Orlando, FL 5
    • 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,965 Sqft ∙ Built 2014
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
PROPERTY LISTING DETAILS
Linda Mieczkowski
1.321.695.5284
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905134
Last Updated: 11/14/2020
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