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12654 Maribou Cir Orlando, FL 32828

4 Beds 2 Baths 1,924 sqft Built 1995

$335,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
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

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: Waterford Lakes North

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $105k402k

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

Neighborhood: Waterford Lakes North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292107

* 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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

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
$1,700
1$1,7002$1,8103$1,8404$1,8505$1,979
$1,979
RENT COMPS ANALYSIS
  • 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
Dwayne Speller, Jr
1.407.748.8099
Preferred Real Estate Brokers
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5909843
Last Updated: 12/05/2020
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