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PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $174.12
- 3 Days on Market
- MLS # : O5909843
- Updated Date : 12/05/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,924 sqft
- Baths : 2 full
Listing Agent
Preferred Real Estate Brokers
Listing Agent's Description
LOCATION!! LOCATION!! LOCATION!! This 4BD/2BA pool home is nestled inside the highly sought after neighborhood of WATERFORD LAKES with HIGHLY RATED SCHOOLS and a plethora of COMMUNITY AMENITIES. Walk in and find a bright and OPEN FLOOR PLAN featuring HIGH CEILINGS and large windows that provide an abundance of NATURAL LIGHT. The open floor plan provides the perfect setting for entertaining and is open to the well-equipped kitchen featuring an island, ample STORAGE SPACE, and a closet pantry. A generous MASTER SUITE is the perfect place to relax at the end of a long day and private MASTER BATH with DUAL SINKS, GARDEN TUB and SEPARATE SHOWER. This home also offers three additional bedrooms providing space for everyone. The best part of all is the amazing community of Waterford Lakes with very desirable school zones, along with wonderful amenities including community pool, covered playground, waterfront exercise walking trails, outside covered gym, dog park, and a sports complex including tennis courts, basketball courts, racquetball courts, baseball fields, sand volleyball court, and soccer field. Soak up the sun outside by pool with spa, perfect for Florida summers or a chilly night! Additional updates to this home include a new roof in 2013, Pytec replumbing in 2013, fence installed 2019, replaced pool heater and pool re-piping, pool re-screened in 2020 and new air handler and condenser installed in 2018. This friendly, well-established community offers many amenities – basketball & tennis courts, community pool, playground & more! Only minutes from the WATERFORD LAKES TOWN CENTER and Downtown Avalon Park. Enjoy easy access to SR 408 & 417, and close proximity to UCF, Research Parkway & Downtown Orlando. Don't miss your chance to live in this sought-after community conveniently located near all that East Orlando has to offer!
SEE MORE
- 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: Waterford Lakes North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Waterford Lakes North
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,236 |
| Property Tax | -$382 | |
| Property Insurance | -$151 | |
| HOA | -$21 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$109
|
||
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.
$335,000
PROJECTED PRICE
$1,810
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 5.8% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,525
LOAN DETAILS
$1,236
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
4
YEARS SAVED
$14,503
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$1,804
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
12654 Maribou Cir Orlando, FL 2
- 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1995
![property image]()
- Rent
- Rent Per SQFT
- $1,810
- $0.94
-
12612 Maribou Cir Orlando, FL 1
- 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1995
![property image]()
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
![property image]()
LEASED 05/25/20- Rent
- Rent Per SQFT
- $1,840
- $0.95
-
13409 Fordwell Dr Orlando, FL 4
- 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 1993
![property image]()
LEASED 03/25/20- Rent
- Rent Per SQFT
- $1,850
- $0.90
-
12870 Maribou Cir Orlando, FL 5
- 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,933 Sqft ∙ Built 1995
![property image]()
LEASED 05/19/20- Rent
- Rent Per SQFT
- $1,979
- $1.02
PROPERTY LISTING DETAILS
1.407.748.8099
Preferred Real Estate Brokers
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5909843
Last Updated: 12/05/2020
