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12633 Darby Ave Orlando, FL 32837

4 Beds 2 Baths 1,932 sqft Built 1992

$329,999

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $170.81
  • 2 Days on Market
  • MLS # : O5923408
  • Updated Date : 02/13/2021 at 16:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,932 sqft
  • Baths : 2 full
Listing Agent

Olympus Executive Realty Inc

Listing Agent's Description

THIS IS A BEAUTIFUL FAMILY HOME WHICH HAS 4 BEDROOMS AND 2 BATHROOMS. CENTRALLY LOCATED TO ALL THE BEST THAT ORLANDO/HUNTERS CREEK HAS TO OFFER. SCHOOLS ARE CLOSE TO THIS HOME. UPON ARRIVING TO THE HOME OUTSIDE HAS CURB APPEAL WITH CUTE FLOWER BED IN FRONT OF THE HOUSE. YOU WALK IN TO A SPACIOUS LIVING ROOM 2 CAR GARAGE TO THE RIGHT FLOWING INTO THE KITCHEN AND A SECOND LIVING ROOM AREA MASTER IS LOCATED TO THE RIGHT ON THE KITCHEN HAS DUAL ACCESS ALSO FROM THE OTHER THREE BEDROOMS YOU CAN ACCESS THE MASTER.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Deerfield

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k294k

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

Neighborhood: Deerfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10031934

* 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
John Young Elementary School Primary Regular 713 51 6
Freedom Middle School Middle Regular 1,040 58 3
Freedom High School High Regular 3,281 149 6

John Young Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 51
6
GreatSchools Rating

Freedom Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 58
3
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 3,281
  • # of teachers: 149
6
GreatSchools Rating
 

$296,999$362,999$329,999

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,146
Property Tax -$369
Property Insurance -$152
HOA -$26
Property Management Fees -$129
CASH FLOW
$88

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.

$329,999

PROJECTED PRICE

$1,910

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.0%
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-$2.0k$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,499
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$24,083

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,903

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,725
1$1,7252$1,7503$1,8954$1,9105$2,000
$2,000
RENT COMPS ANALYSIS
  • 12633 Darby Ave Orlando, FL 4
    • 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,932 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.99
    •  
  • 12607 Winfield Scott Blvd W Orlando, FL 1
    • 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 2000
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.97
    •  
  • 12414 Appomatox Dr Orlando, FL 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
    •  
  • 2883 Burwood Ave Orlando, FL 3
    • 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,918 Sqft ∙ Built 1991
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
  • 12543 Appomatox Dr Orlando, FL 5
    • 4 beds 2 baths ∙ 1,955 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,955 Sqft ∙ Built 2003
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
PROPERTY LISTING DETAILS
Nathaniel Waldrop
1.941.822.4406
Olympus Executive Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5923408
Last Updated: 02/13/2021
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