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12130 Towboat Ct #2 Orlando, FL 32828

4 Beds 3 Baths 1,726 sqft Built 1993

$319,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 06, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $185.34
  • 8 Days on Market
  • MLS # : O5908908
  • Updated Date : 12/07/2020 at 14:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,726 sqft
  • Baths : 2 full , 1 half
Listing Agent

Trust Equity Group Llc

Listing Agent's Description

Welcome to Bramble Bluff at Waterford Lakes, one of Orlando's most desirable communities! This beautiful cul-de-sac Lennar home is perfect and waiting for the energy conscious buyer. This home boasts a gorgeous kitchen with updated cabinetry and solid surface counter tops. New stainless-steel appliances throughout including a high-tech tablet refrigerator. Large eat in kitchen with an oversized pantry. The great room has vaulted ceilings with tons of natural light overlooking the enclosed lanai and fenced back yard. Perfect for the entertaining types. The first-floor owners retreat includes a bay window seating area for reading and relaxation. The owner’s bathroom has been completely remodeled. The second story features three (3) bedrooms, one that could easily be converted to a home office. Fresh interior and exterior paint, new energy efficient hot water heater, new hvac system and solar panels. This home has too many features to list and will not last long! This master planned community has lots of amenities. Be sure to also walk, bike, or drive through the scenic Waterford Lakes Community. This active community includes a resort style pool, walking trails, bike trails, dog park, tranquil lakes, wooded preserves, and sports & recreational parks. Conveniently close to A-rated local schools, Waterford Lakes Town Center, and everything Avalon Park. This home is only minutes (by car) from the airport, 417, shopping plazas, UCF, Lockheed Martin and much, much more!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Huckleberry Fields

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Huckleberry Fields

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9862089

* 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
Timber Creek High School High Regular 3,132 161 8

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

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,180
Property Tax -$364
Property Insurance -$139
HOA -$88
Property Management Fees -$129
CASH FLOW
-$200

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.

$319,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.1%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,180

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,039

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,7003$1,7004$1,7005$1,988
$1,988
RENT COMPS ANALYSIS
  • 12130 Towboat Ct #2 Orlando, FL 4
    • 4 beds 3 baths ∙ 1,726 Sqft ∙ Built 1993 4 beds 3 baths ∙ 1,726 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
  • 14 Pied Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1995
    property image
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
  • 406 Pepin Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,739 Sqft ∙ Built 2002
    property image
    LEASED 05/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
  • 12612 Maribou Cir Orlando, FL 3
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1995
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 631 Aggie Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,913 Sqft ∙ Built 1987
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,988
    • $1.04
    •  
PROPERTY LISTING DETAILS
Rhonda Fisher
1.407.463.9163
Trust Equity Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5908908
Last Updated: 12/07/2020
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