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12678 Newfield Dr Orlando, FL 32837

4 Beds 3 Baths 2,560 sqft Built 1990

$329,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $128.52
  • 2 Days on Market
  • MLS # : O5920437
  • Updated Date : 01/31/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,560 sqft
  • Baths : 2 full , 1 half
Listing Agent

True Vine Realty Llc

Listing Agent's Description

Beautiful 2 story home in Deerfield Community which has 4 bedrooms and 2.5 bath with a delighted, quiet pond view. Clean and ready to move in. Great entertaining spaces, formal living room, big family room and large additional room for excise or games. Casual Florida living in the Open Concept, bright and airy, lots of nature lights. This Deerfield Community home is conveniently located to Hunter’s Creek Shopping & dinning district, restaurants, mall and movie theatre. Close to Florida Mall, the Loop Entertainment Complex, close to Orlando Theme Parks, Lake Nona Medical city and Orlando International Airport, and to beaches. Quick access to the 417, 528 Beachline, I-4, Florida Turnpike. Come and see!

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: Deerfield

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k294k

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

Neighborhood: Deerfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10031934

* 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
John Young Elementary School Primary Regular 713 51 6
Freedom Middle School Middle Regular 1,040 58 3
Freedom High School High Regular 3,281 149 6

John Young Elementary School

  • Education Level: Primary
  • # of students: 713
  • # of teachers: 51
6
GreatSchools Rating

Freedom Middle School

  • Education Level: Middle
  • # of students: 1,040
  • # of teachers: 58
3
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 3,281
  • # of teachers: 149
6
GreatSchools Rating
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,143
Property Tax -$368
Property Insurance -$189
HOA -$26
Property Management Fees -$129
CASH FLOW
$245

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.

$329,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.0%
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$0.0$5.0k$10k$15k$20k

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$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,143

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$38,708

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,182

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,1003$2,1004$2,3005$2,449
$2,449
RENT COMPS ANALYSIS
  • 12678 Newfield Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,560 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 2813 Rolling Broak Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,421 Sqft ∙ Built 1992
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.76
    •  
  • 12823 Sharp Shined St Orlando, FL 2
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1991
    LEASED 01/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 12685 Enclave Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,598 Sqft ∙ Built 1996
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 12614 Newfield Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,604 Sqft ∙ Built 1990
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,449
    • $0.94
    •  
PROPERTY LISTING DETAILS
Tung-mei Hsu
1.407.325.6828
True Vine Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5920437
Last Updated: 01/31/2021
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