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12543 Appomatox Dr Orlando, FL 32837

4 Beds 2 Baths 1,955 sqft Built 2003

INVESTimate

$354,900

List Price

$1,880

$1,692 - $2,068

Rent Est.

$380,346  ( +7.17%)   1 YR EST. FORECAST

PROPERTY INFO

August 23, 2020 RECENTLY ADDED
FACTS
  • Built In 2003
  • Price/Sqft : $181.53
  • 4 Days on Market
  • MLS # : O5887155
  • Updated Date : 08/24/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,955 sqft
  • Baths : 2 full
Listing Agent

Property Outlet International

Listing Agent's Description

Amazing 4 Bedrooms 2 Bathrooms home in the most desirable area of Hunters creek and with a large improved private backyard offering enough space for entertainment and family gatherings. The home boasts plenty of upgrades reflecting the pride of ownership and a touch of class as well as crafty attention to details. Brand New Roof installed in 2019 with transferrable warranty. Location Location Location, this home in minutes to Orlando International Airport, Walt Disney World and all the major employers as well as the major hubs and entertainment hot spots. The convenience of having all the necessities at your walking distance makes this a true Gem to buy and to hold. Expect to be wowed.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Villas at Heritage Place

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Villas at Heritage Place

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10182089

* 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
 

$319,410$390,390$354,900

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,309
Property Tax -$397
Property Insurance -$153
HOA -$33
Property Management Fees -$169
CASH FLOW
-$182

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.

$354,900

PROJECTED PRICE

$1,880

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.17%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$99,799

INVESTMENT

$99,799

Down Payment
$88,725
Rehab Estimate
$5,750
Closing Costs
$5,324

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,309

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $88,725
Loan Amount $266,175
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,615

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,857

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7503$1,8504$1,8805$1,985
$1,985
RENT COMPS ANALYSIS
  • 12543 Appomatox Dr Orlando, 4
    • 4 beds 2 baths ∙ 1,955 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,955 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $0.96
    •  
  • 12618 Winfield Scott Blvd Orlando, 1
    • 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,789 Sqft ∙ Built 2000
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.92
    •  
  • 12414 Appomatox Dr Orlando, 2
    • 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,822 Sqft ∙ Built 2002
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.96
    •  
  • 13203 Chattanooga Ln Orlando, 3
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 2001
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.95
    •  
  • 12611 Lynchburg Ct Orlando, 5
    • 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,045 Sqft ∙ Built 1997
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.97
    •  
PROPERTY LISTING DETAILS
Adam Rachid
1.407.802.3221
Property Outlet International
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5887155
Last Updated: 08/24/2020
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