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12168 Philosophy Way Orlando, FL 32832

4 Beds 3 Baths 2,203 sqft Built 2019

$369,500

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $167.73
  • 4 Days on Market
  • MLS # : O5918197
  • Updated Date : 01/22/2021 at 11:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,203 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Advantage Iii

Listing Agent's Description

Step inside this beautiful 4 bedroom, 3 bathroom home and try not to fall in love! When you walk in you are greeted by beautiful ceramic tile that flows throughout the first floor. This home is the epitome of open concept, the kitchen opens up to the dining/living room space giving you the ultimate entertainment space. Downstairs you will also find a bedroom off the front of the house and full bathroom, perfect for when you have guests staying with you. Upstairs are the other 3 bedrooms, and 2 bathrooms. The master suite is equipped with a beautiful soaker tub, large shower stall and his and hers vanities. Outside you'll find the detached garage and large paver patio to enjoy the cool Florida nights. This beautiful home is also a fully smart home, use Alexa for lights, ring doorbell, garage door thermostat and more. The home is also energy efficient with solar panels. Storey Park is unlike any other in the Orlando area! The community has a resort pool, lap pool, 2 splash pads, a Jacuzzi spa, a state of the art fitness center, a food pavilion, tennis court, a big playing field for football or soccer games, walking trails, dog park, camp site and our own town center and so much more!! Not to mention all A-Rated schools! So, stop by and see why you will want to be part of the fastest growing, most sought after area in all of Orlando! Schedule your showing today! **FAN IN MASTER DOES NOT CONVEY**

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
 

$332,550$406,450$369,500

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,283
Property Tax -$466
Property Insurance -$168
HOA -$250
Property Management Fees -$129
CASH FLOW
-$56

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.

$369,500

PROJECTED PRICE

$2,240

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-$5.0k$0.0$5.0k$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$103,668

INVESTMENT

$103,668

Down Payment
$92,375
Rehab Estimate
$5,750
Closing Costs
$5,543

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,283

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,375
Loan Amount $277,125
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$14,262

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,209

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$2,2003$2,2004$2,2405$2,500
$2,500
RENT COMPS ANALYSIS
  • 12168 Philosophy Way Orlando, FL 4
    • 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,203 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $1.02
    •  
  • 11711 Citruswood Dr Orlando, FL 1
    • 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,092 Sqft ∙ Built 2006
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.91
    •  
  • 11638 Fiction Ave Orlando, FL 2
    • 3 beds 3 baths ∙ 2,239 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,239 Sqft ∙ Built 2017
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.98
    •  
  • 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
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.07
    •  
  • 11934 Fiction Ave Orlando, FL 5
    • 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,370 Sqft ∙ Built 2018
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.05
    •  
PROPERTY LISTING DETAILS
Desmond Pollock
1.407.334.8664
Keller Williams Advantage Iii
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918197
Last Updated: 01/22/2021
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