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12648 Sawgrass Plantation Blvd Orlando, FL 32824

4 Beds 3 Baths 2,880 sqft Built 2007

$455,000

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $157.99
  • 3 Days on Market
  • MLS # : S5046482
  • Updated Date : 02/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,880 sqft
  • Baths : 2 full , 1 half
Listing Agent

Iris International

Listing Agent's Description

Nestled quietly between Lake Nona & Hunters Creek this custom built and former model home with $100k updates is centrally located to all that Orlando has to offer. Fresh bright paint highlights the beautiful and amazing Brazilian Cherry wood floors throughout its first floor. Just painted inside and out. The home has a huge open concept which enhances the kitchen, breakfast nook and family room.The kitchen offers ample space with a double oven and over-sized cherry cabinets throughout. The family room & porch have Bose surround sound built in. New appliances include dishwasher and family size fridge. On the second floor, there are four over-sized bedrooms to include an amazing Master Suite, with a sitting room and two walk-in closets along with a spacious master bath. Additional features include a water softener system and pest control for a year. Sawgrass Community offers an amazing recreation center which includes Pool, Clubhouse, Tennis and basketball Courts, Playing Grounds, Walking Trails and a Dog Park. Nearby Attractions include Sea World, Disney World, Universal Stuidios, Crayola Experience and Theme parks. Minutes from Medical City, VA hospital, Orlando International Airport & New Amazon Facility. Close to major shopping and dinning with various supermarkets and outlets and conveniently located between 417 and major highways.

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: Sawgrass Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k324k

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

Neighborhood: Sawgrass Plantation

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282037

* 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
Wetherbee Elementary School Primary Regular 853 54 6
South Creek Middle School Middle Regular 949 54 4
Cypress Creek High School High Magnet 3,124 148 5

Wetherbee Elementary School

  • Education Level: Primary
  • # of students: 853
  • # of teachers: 54
6
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
 

$409,500$500,500$455,000

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,580
Property Tax -$509
Property Insurance -$208
HOA -$98
Property Management Fees -$129
CASH FLOW
-$355

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.

$455,000

PROJECTED PRICE

$2,170

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.6%
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-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$126,325

INVESTMENT

$126,325

Down Payment
$113,750
Rehab Estimate
$5,750
Closing Costs
$6,825

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,580

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $113,750
Loan Amount $341,250
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,794

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,311

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$2,170
1$2,1702$2,2503$2,3004$2,3935$2,500
$2,500
RENT COMPS ANALYSIS
  • 12648 Sawgrass Plantation Blvd Orlando, FL 1
    • 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,880 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.75
    •  
  • 13001 Sawgrass Pine Cir Orlando, FL 2
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2013
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.80
    •  
  • 1707 Plantation Oak Dr Orlando, FL 3
    • 5 beds 3 baths ∙ 2,880 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,880 Sqft ∙ Built 2007
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.80
    •  
  • 12293 Sabal Palmetto Pl Orlando, FL 4
    • 4 beds 4 baths ∙ 2,953 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,953 Sqft ∙ Built 2016
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,393
    • $0.81
    •  
  • 12255 Stone Bark Trl Orlando, FL 5
    • 5 beds 4 baths ∙ 3,139 Sqft ∙ Built 2014 5 beds 4 baths ∙ 3,139 Sqft ∙ Built 2014
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.80
    •  
PROPERTY LISTING DETAILS
Mark Grant
1.407.451.8030
Iris International
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5046482
Last Updated: 02/13/2021
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