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12648 Enclave Dr Orlando, FL 32837

4 Beds 3 Baths 2,253 sqft Built 1997

$355,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $157.57
  • 6 Days on Market
  • MLS # : O5914909
  • Updated Date : 01/09/2021 at 19:25
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,253 sqft
  • Baths : 2 full , 1 half
Listing Agent

Lokation

Listing Agent's Description

Welcome Home! To this Beautiful & specious 2 story home 2,253 sqf located in a quiet and desirable community Near Hunters Creek. No rear neighbors, high & vaulted ceilings, in the corner of a culd-de-sac, new tiles throughout 1st floor, new large fireplace, new quartz kitchen countertops, new kitchen back splash, new stainless steel range hood, new kitchen sink and faucet, specious master bedroom with walk in closet, 2 car garage, very large driveway, new roof in 2017, new light fixtures throughout, ceramic tile in all wet areas on 2nd floor, carpet on all bedrooms, all appliances & washer & dryer included, laundry room has a sink, good size back yard and much much more! Located within minutes from shopping, restaurants, international drive, Disney World, SeaWorld, Universal Studios and mayor roadways. Book a showing today!

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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,233
Property Tax -$397
Property Insurance -$171
HOA -$48
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.

$355,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.53%

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$11,351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,921

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8904$1,8955$2,088
$2,088
RENT COMPS ANALYSIS
  • 12648 Enclave Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,253 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.84
    •  
  • 12660 Enclave Dr Orlando, FL 1
    • 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1996 3 beds 3 baths ∙ 2,314 Sqft ∙ Built 1996
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.76
    •  
  • 11959 Frieth Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,066 Sqft ∙ Built 1991
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.87
    •  
  • 1222 Bradwell Dr Orlando, FL 4
    • 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,062 Sqft ∙ Built 1991
    LEASED 09/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.92
    •  
  • 1218 Bradwell Dr Orlando, FL 5
    • 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2000
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,088
    • $0.86
    •  
PROPERTY LISTING DETAILS
Jonathan Paulino
1.407.765.9378
Lokation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5914909
Last Updated: 01/09/2021
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