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12630 Sophiamarie Loop Orlando, FL 32828

4 Beds 3 Baths 1,877 sqft Built 2004

$314,999

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $167.82
  • 2 Days on Market
  • MLS # : O5909788
  • Updated Date : 12/05/2020 at 00:10
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,877 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Advantage Iii

Listing Agent's Description

Located in the desirable Vizcaya at Waterford Subdivision. This Two Story, Move In Ready, 4 Bedroom, 2/1 Bathroom home is a true treasure! The kitchen features 42" cabinets, a large pantry, Granite Countertop, stainless steel appliances. The spacious great room has sliding glass doors out to the large, private back yard. Upstairs you'll find four good size bedrooms and the washer/dryer. The community location allows for quick access to major highways, downtown, international airport, Research Park, Waterford Lakes shopping/dining/entertainment, University of Central Fl., NASA, Space Coast & Beaches.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Vizcaya at Waterford

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $102k264k

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

Neighborhood: Vizcaya at Waterford

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9391773

* 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
Timber Creek High School High Regular 3,132 161 8

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

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$283,499$346,499$314,999

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,162
Property Tax -$358
Property Insurance -$148
HOA -$30
Property Management Fees -$129
CASH FLOW
-$38

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.

$314,999

PROJECTED PRICE

$1,790

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.1%
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$14k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,249
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$16,368

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,788

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7903$1,8404$1,8505$1,979
$1,979
RENT COMPS ANALYSIS
  • 12630 Sophiamarie Loop Orlando, FL 2
    • 4 beds 3 baths ∙ 1,877 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,877 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.95
    •  
  • 12612 Maribou Cir Orlando, FL 1
    • 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1995
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.88
    •  
  • 13557 Fordwell Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1993 4 beds 2 baths ∙ 1,945 Sqft ∙ Built 1993
    LEASED 05/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.95
    •  
  • 926 Jade Forest Ave Orlando, FL 4
    • 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1998
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.96
    •  
  • 12870 Maribou Cir Orlando, FL 5
    • 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 1995
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,979
    • $1.02
    •  
PROPERTY LISTING DETAILS
Schnaider Servius
1.407.782.5640
Keller Williams Advantage Iii
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5909788
Last Updated: 12/05/2020
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