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12520 Winfield Scott Blvd Orlando, FL 32837

4 Beds 3 Baths 2,301 sqft Built 2000

$335,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2000
  • Price/Sqft : $145.59
  • 2 Days on Market
  • MLS # : O5904639
  • Updated Date : 11/08/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,301 sqft
  • Baths : 3 full
Listing Agent

May Ho Realty

Listing Agent's Description

This beautiful 4 bedroom/3 bath/2 car garage is located at Heritage Place. It is a conservation lot with no rear neighbor. Interior paint was completed in 2019 and new roof in 2018. The AC coil was replaced in 2019. New vanity sink downstairs in 2019. Don't missed out this great opportunity to own a house while the interest rate is at historical low. House sold as-is.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Zip Code: 32837

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k292k

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

Zip Code: 32837

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10191924

* 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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,236
Property Tax -$375
Property Insurance -$174
HOA -$25
Property Management Fees -$176
CASH FLOW
-$26

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.

$335,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.2%
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-$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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,566

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,927

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8753$1,9004$1,9605$1,984
$1,984
RENT COMPS ANALYSIS
  • 12520 Winfield Scott Blvd Orlando, FL 4
    • 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,301 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.85
    •  
  • 2813 Rolling Broak Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1992
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 4542 Chalfont Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 1997
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.88
    •  
  • 12806 Sharp Shined St Orlando, FL 3
    • 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,359 Sqft ∙ Built 1992
    LEASED 01/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.81
    •  
  • 2519 Smithfield Dr #4 Orlando, FL 5
    • 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,212 Sqft ∙ Built 1992
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,984
    • $0.90
    •  
PROPERTY LISTING DETAILS
Jennie Ho
1.407.923.8903
May Ho Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5904639
Last Updated: 11/08/2020
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