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12662 Castlemain Trl Orlando, FL 32828

3 Beds 3 Baths 1,812 sqft Built 1999

$285,000

List Price

$1,560

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $157.28
  • 4 Days on Market
  • MLS # : O5914425
  • Updated Date : 01/09/2021 at 11:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,812 sqft
  • Baths : 2 full , 1 half
Listing Agent

La Rosa Realty Premier Llc

Listing Agent's Description

SEE MORE IN THIS VIDEO TOUR: https://tinyurl.com/12662castlemain Move-in Ready 2-story home in the highly sought after community of Waterford Lakes! 3 beds, 2.5 baths with 1812 square feet of space. NEWER ROOF 2017. NEW EXTERIOR PAINT 2020. NEWER FRIDGE (2017) and DISHWASHER (2019). NO CARPET, Tile and laminate flooring throughout. The first floor features a huge living area with 2-story high ceilings and large windows that bring in lots of natural light. The owners added an extended ceiling fan in the living room. This home has been updated with technology throughout, including a nest Thermostat, smart light switches that can connect to Google Home and Alexa, and the front door unlocks when you simply walk up to it! It features the new Kevo Keyless Home Door Lock System. Kitchen features GAS STOVE and cabinets have BRAND NEW HARDWARE. All bathrooms have NEW FAUCETS. INDOOR LAUNDRY that INCLUDES WASHER/DRYER for the next owners. The Owner’s Bedroom is located downstairs with a double door entry with WALK-IN CLOSET. There’s so much you can do with the UPSTAIRS LOFT. COVERED BACK PATIO, Spacious BACKYARD WITH FIRE PIT. COMMUNITY FEATURES: basketball and volleyball courts, racquetball, a huge Community Pool with a separate fenced kid’s pool, large playground, 6 full tennis courts, outdoor gym and running paths throughout the community. There’s also soccer fields, a fenced dog park, picnic tables, baseball fields, and even a local private daycare right next to the recreation center. Window curtains and rods do not convey, but the blinds will stay. Scheduling your 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

Neighborhood: Huckleberry Fields

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Huckleberry Fields

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9862089

* 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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,404$1,716$1,560

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,560
EXPENSES Loan Payment -$990
Property Tax -$324
Property Insurance -$144
HOA -$90
Property Management Fees -$129
CASH FLOW
-$117

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.

$285,000

PROJECTED PRICE

$1,560

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.1%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$990

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$7,594

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,560

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,572

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,5603$1,6954$1,7995$1,895
$1,895
RENT COMPS ANALYSIS
  • 12662 Castlemain Trl Orlando, FL 2
    • 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1999 3 beds 3 baths ∙ 1,812 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,560
    • $0.86
    •  
  • 13026 Quail Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1995
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.79
    •  
  • 12807 Waterhaven Cir Orlando, FL 3
    • 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 1993
    property image
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.83
    •  
  • 12747 Waterhaven Cir Orlando, FL 4
    • 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1993 3 beds 2 baths ∙ 2,011 Sqft ∙ Built 1993
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.89
    •  
  • 315 Prairie Dune Way Orlando, FL 5
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 1996
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.96
    •  
PROPERTY LISTING DETAILS
Cece Wong
1.407.809.1440
La Rosa Realty Premier Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5914425
Last Updated: 01/09/2021
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