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12769 Newfield Dr Orlando, FL 32837

4 Beds 2 Baths 2,613 sqft Built 1990

$339,900

List Price

$2,000

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $130.08
  • 2 Days on Market
  • MLS # : O5901346
  • Updated Date : 11/14/2020 at 00:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,613 sqft
  • Baths : 2 full
Listing Agent

Re/max Innovation

Listing Agent's Description

Welcome to this GORGEOUS, IMMACULATE, and NEWLY UPDATED 2,613 sqft FOUR bedroom/2 bath home with VAULTED CEILINGS! It has a LARGE OFFICE in the front and an expansive FLORIDA room under A/C in the back! The BEAUTIFUL MODERN KITCHEN has brand new starlight-white QUARTZ counters and a BRAND NEW STOVE, MICROWAVE, and DISHWASHER! A breakfast nook and a built-in desk complete this large kitchen. The kitchen opens to the HUGE FAMILY room! Waterproof VINYL FLOORING was JUST installed! The house has just been painted inside and out! You will be amazed by the size of the MAMOUTH MASTER RETREAT hidden away from the rest of the house! It boasts HIS & HERS WALK-IN CLOSETS and a spacious master bathroom with dual sinks, soaking tub and roomy shower, and even a door that leads to the Florida room! On the other side of the house, you will find 3 guest rooms, a coat closet, linen closet, and a dual sink guest bathroom that also has a door to the Florida room! New blinds throughout the house! Roof replaced 2018! A/C 2013. This peaceful, well established Deerfield neighborhood is tucked away in one of Orlando's most convenient areas! Extremely close to 417, shopping and dining at THE LOOP, Hunter's Creek Golf Club, the International Airport, ALL Theme Parks, the public library, and Deputy Brandon Coates Community Park! The A-rated John Young Elementary is less than a mile away and located inside the community! Top-Rated Freedom Middle and High schools are less than 4 miles away! Hunter's Creek is an excellent location for everyone!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

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

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,800$2,200$2,000

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,000
EXPENSES Loan Payment -$1,254
Property Tax -$380
Property Insurance -$192
HOA -$26
Property Management Fees -$180
CASH FLOW
-$33

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.

$339,900

PROJECTED PRICE

$2,000

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$13,091

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,000

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,208

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,0003$2,1004$2,4005$2,449
$2,449
RENT COMPS ANALYSIS
  • 12769 Newfield Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 2,613 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,613 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.77
    •  
  • 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 3
    • 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1991 4 beds 3 baths ∙ 2,550 Sqft ∙ Built 1991
    LEASED 11/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.82
    •  
  • 12701 Rolling Broak Ct Orlando, FL 4
    • 5 beds 3 baths ∙ 2,798 Sqft ∙ Built 1993 5 beds 3 baths ∙ 2,798 Sqft ∙ Built 1993
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 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
Kristina Burns
1.407.529.8191
Re/max Innovation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5901346
Last Updated: 11/14/2020
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