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12177 Beach Fern Rd Orlando, FL 32824

4 Beds 2 Baths 1,838 sqft Built 2016

$360,000

List Price

$1,800

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $195.87
  • 6 Days on Market
  • MLS # : O5906155
  • Updated Date : 11/20/2020 at 14:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,838 sqft
  • Baths : 2 full
Listing Agent

Transcontinental Realty Group,

Listing Agent's Description

This stunning single family home has 4 bedrooms and 2 bathrooms, with an attached two car garage. THIS HOUSE ALSO COMES WITH SOLAR PANELS THAT ARE PAID FOR COMPLETELY. Not only is this a wonderful, modern detail, but you will also be saving electricity without having to pay any bills at all to the solar panel company! Way to go green! .LOW HOA. When you enter this beautiful home through the newly decorated glass detail door, you catch a glimpse of the spacious and inviting hallway that contains three, comfortable bedrooms. Now, continue the path of the hallway and you will find you've made your way to an open concept living room; just perfect for entertaining or simply relaxing. To your right, you will find the gorgeous kitchen with gorgeous granite countertops and stainless steel appliances. The kitchen features an island, which is perfect for breakfast and lunch. To your left of this island, you will see beautiful sliding doors that lead to a simply breathtaking landscape and patio. It is the perfect place for gathering with friends and family. In a a perfect and private area of the house, towards the left of the living room, you will see the serene and peaceful master bedroom. Located near amazing schools, Lake Nona, an airport, Orlando's theme parks, and shopping areas, this is the place to be!

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

Zip Code: 32824

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k278k

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

Zip Code: 32824

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9581801

* 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
 

$324,000$396,000$360,000

PURCHASE PRICE

$1,620$1,980$1,800

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,800
EXPENSES Loan Payment -$1,328
Property Tax -$403
Property Insurance -$146
HOA -$49
Property Management Fees -$162
CASH FLOW
-$288

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.

$360,000

PROJECTED PRICE

$1,800

PROJECTED RENT

0.50%

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$101,150

INVESTMENT

$101,150

Down Payment
$90,000
Rehab Estimate
$5,750
Closing Costs
$5,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $90,000
Loan Amount $270,000
See What Happens When You Reinvest Cash Flow

0.83

YEARS SAVED

$1,593

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,800

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,787

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8003$1,9004$1,9255$2,000
$2,000
RENT COMPS ANALYSIS
  • 12177 Beach Fern Rd Orlando, FL 2
    • 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2016 4 beds 2 baths ∙ 1,838 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 11914 Bentry St Orlando, FL 1
    • 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2003
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 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
    •  
  • 11557 Bentry St Orlando, FL 4
    • 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2004
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.03
    •  
  • 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
Felicita Veiga
1.407.334.0901
Transcontinental Realty Group,
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5906155
Last Updated: 11/20/2020
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