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12548 Wisconsin Woods Ln Orlando, FL 32824

4 Beds 4 Baths 2,126 sqft Built 1986

$291,900

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $137.30
  • 3 Days on Market
  • MLS # : O5926543
  • Updated Date : 02/27/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,126 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Welcome to this move-in-ready 4 bedroom, 3.5 bathroom, two-story home in the community of Greenwood Village in Meadow Woods. This home features a spacious living room with high ceilings, fresh interior paint, and laminate floors. The kitchen boasts formica countertops, appliances, and an eat-in kitchen nook. The first-floor primary room has a walk-in closet and a private bathroom with double vanity sinks and a stand-alone shower. The second floor features 3 additional bedrooms and 2 full bathrooms. Sliding glass doors from the living room leads to the large backyard. This home features a 2-car garage and is convenient to SR 417, Orlando International Airport, Medical City, shopping, and dining.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Greenwood Village at Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $92k253k

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

Neighborhood: Greenwood Village at Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8871712

* 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
Meadow Woods Elementary School Primary Regular 520 37 3
South Creek Middle School Middle Regular 949 54 4
Cypress Creek High School High Magnet 3,124 148 5

Meadow Woods Elementary School

  • Education Level: Primary
  • # of students: 520
  • # of teachers: 37
3
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
 

$262,710$321,090$291,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,014
Property Tax -$326
Property Insurance -$163
Property Management Fees -$129
CASH FLOW
$188

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.

$291,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.62%

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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,104

INVESTMENT

$83,104

Down Payment
$72,975
Rehab Estimate
$5,750
Closing Costs
$4,379

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,014

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,975
Loan Amount $218,925
See What Happens When You Reinvest Cash Flow

8.33

YEARS SAVED

$31,722

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,967

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,820
1$1,8202$1,8453$1,8504$1,9955$2,100
$2,100
RENT COMPS ANALYSIS
  • 12548 Wisconsin Woods Ln Orlando, FL 1
    • 4 beds 4 baths ∙ 2,126 Sqft ∙ Built 1986 4 beds 4 baths ∙ 2,126 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.86
    •  
  • 114 Kassik Cir Orlando, FL 2
    • 4 beds 2 baths ∙ 2,189 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,189 Sqft ∙ Built 1996
    property image
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.84
    •  
  • 12421 Greco Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 2,189 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,189 Sqft ∙ Built 1996
    property image
    LEASED 04/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.85
    •  
  • 12326 Holly Jane Ct Orlando, FL 4
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1998
    property image
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.03
    •  
  • 343 Kassik Cir Orlando, FL 5
    • 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 1996
    property image
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
PROPERTY LISTING DETAILS
Veronica Figueroa
1.407.329.9500
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5926543
Last Updated: 02/27/2021
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