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1232 Sawgrass Pointe Dr Orlando, FL 32824

5 Beds 3 Baths 2,969 sqft Built 2013

$430,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $144.83
  • 101 Days on Market
  • MLS # : O5905818
  • Updated Date : 02/15/2021 at 09:05
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,969 sqft
  • Baths : 3 full
Listing Agent

Empire Network Realty

Listing Agent's Description

Welcome home! this charming 5 bedroom home is located in the well-established neighborhood minutes from medical city and Orlando International Airport. Fully fenced back yard with lake view and a Gazebo perfect for entertaining guests and a beautiful backyard with matured fruit trees. Interior and Exterior of the house recently painted. SOLAR PANELS WERE JUST INSTALLED BUYER TO TRANSFER BALANCE WHICH IS NOT INCLUDED ON THE SELLING PRICE

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Sawgrass Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k324k

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

Neighborhood: Sawgrass Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282037

* 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
Wetherbee Elementary School Primary Regular 853 54 6
South Creek Middle School Middle Regular 949 54 4
Cypress Creek High School High Magnet 3,124 148 5

Wetherbee Elementary School

  • Education Level: Primary
  • # of students: 853
  • # of teachers: 54
6
GreatSchools Rating

South Creek Middle School

  • Education Level: Middle
  • # of students: 949
  • # of teachers: 54
4
GreatSchools Rating

Cypress Creek High School

  • Education Level: High
  • # of students: 3,124
  • # of teachers: 148
5
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,494
Property Tax -$481
Property Insurance -$214
HOA -$98
Property Management Fees -$129
CASH FLOW
-$276

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.

$430,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.6%
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$1.2M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,569

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $2,308

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$2,140
1$2,1402$2,2003$2,2504$2,3005$2,393
$2,393
RENT COMPS ANALYSIS
  • 1232 Sawgrass Pointe Dr Orlando, FL 1
    • 5 beds 3 baths ∙ 2,969 Sqft ∙ Built 2013 5 beds 3 baths ∙ 2,969 Sqft ∙ Built 2013
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.72
    •  
  • 12532 Sawgrass Oak St Orlando, FL 2
    • 5 beds 4 baths ∙ 3,148 Sqft ∙ Built 2012 5 beds 4 baths ∙ 3,148 Sqft ∙ Built 2012
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.70
    •  
  • 13001 Sawgrass Pine Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2013
    property image
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
  • 1707 Plantation Oak Dr Orlando, FL 4
    • 5 beds 3 baths ∙ 2,880 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,880 Sqft ∙ Built 2007
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
  • 12293 Sabal Palmetto Pl Orlando, FL 5
    • 4 beds 4 baths ∙ 2,953 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,953 Sqft ∙ Built 2016
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,393
    • $0.81
    •  
PROPERTY LISTING DETAILS
Alex Evangelista
1.407.591.9929
Empire Network Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905818
Last Updated: 02/15/2021
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