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12162 Philosophy Way Orlando, FL 32832

3 Beds 3 Baths 1,996 sqft Built 2019

$355,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $177.86
  • 2 Days on Market
  • MLS # : S5045466
  • Updated Date : 01/23/2021 at 12:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,996 sqft
  • Baths : 2 full , 1 half
Listing Agent

Trimarchi Realty Corp

Listing Agent's Description

AMAZING UNIT featuring 3 bedrooms, 2.5 baths, 2 CAR GARAGE in the community of Lake Nona. Located in the Subdivision of Storey Park. The home is also energy efficient with solar panels. This home is spread over two stories, This house has it all! Separate living room, dining room, and a family room. One of the best sellers floor plans in the Community. The Open Kitchen leads to the Dining Room, Family room, and Inside Utility, finished off with Ceramic Plank Tile throughout the first floor. QUARTZ Countertops, and 42" Upper Cabinets. Also. 2 rear car garage, plus a large driveway to park up to 4 cars. HOA includes 24 hours security guard, cable, and high-speed internet. Great Schools, Sun Blaze Elementary, Innovation Middle School and Lake Nona High. Storey Park community offers good amenities, resort pool, lap pool, spa, fitness center, tennis courts, football/soccer field, dog park, playground, walking pads, and much more. Community is located near to Hwy 417, SR 528, Orlando International airport, Medical City, Nemours Hospital, VA Hospital, UCF College of Medicine, United States Tennis Association, shopping, and top-rated schools. Schedule your private show today!

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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,233
Property Tax -$485
Property Insurance -$155
HOA -$263
Property Management Fees -$129
CASH FLOW
-$95

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.

$355,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.61%

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) 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$12k

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$10,516

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.09

    LIST RENT PER SQFT
  • $2,176

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$2,170
1$2,1702$2,1983$2,2004$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 12162 Philosophy Way Orlando, FL 1
    • 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,996 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.09
    •  
  • 11710 Philosophy Way Orlando, FL 2
    • 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,992 Sqft ∙ Built 2017
    property image
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,198
    • $1.10
    •  
  • 11444 Great Commission Way Orlando, FL 3
    • 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,052 Sqft ∙ Built 2006
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.07
    •  
  • 11618 Mystery Ln Orlando, FL 4
    • 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 2016 3 beds 2 baths ∙ 2,146 Sqft ∙ Built 2016
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
  • 11868 Fiction Ave Orlando, FL 5
    • 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2018
    property image
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.16
    •  
PROPERTY LISTING DETAILS
Jose Ferreira
1.407.617.4482
Trimarchi Realty Corp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5045466
Last Updated: 01/23/2021
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