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2069 Tiptree Cir Orlando, FL 32837

4 Beds 3 Baths 2,303 sqft Built 1993

$349,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $151.54
  • 3 Days on Market
  • MLS # : O5921831
  • Updated Date : 02/06/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,303 sqft
  • Baths : 3 full
Listing Agent

Premium Properties R.e Service

Listing Agent's Description

Location, Location, Location! This beautiful pool home in the sought after Southchase community offers over 2,300 square feet of living space including 4 bedrooms, 3 full baths, and a spacious 2 car garage. The house has an open split floor plan featuring a large master bedroom with a walk-in closet, En Suite with dual sinks, a garden bathtub and separate shower area. The functional kitchen offers plenty of cabinet space, includes a nook for an eat in area and features stainless steel appliances, and a breakfast bar. The back yard boasts a covered entertainment area with a screened enclosure and an amazing LOW MAINTENANCE SALTWATER pool that offers both a solar and an electrical heat pump for enjoying this gorgeous pool and spa year-round. This home is energy efficient and comes with WHOLE HOUSE SOLAR, an 80-gallon solar hot water heater, R30 insulation and an attic fan which keeps your ENERGY COST TO A MINIMUM depending on usage and sun coverage. This home is conveniently located close to all major highways including 417, 528 and the Turnpike. South Orlando offers plenty of shopping including Crosslands, The Loop & The Florida Mall along with an abundance of multicultural dining options. Call me today to find out how you can OWN this HOME!

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

Zip Code: 32837

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k292k

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

Zip Code: 32837

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10191924

* 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
Southwood Elementary School Primary Regular 578 39 6
South Creek Middle School Middle Regular 949 54 4
Cypress Creek High School High Magnet 3,124 148 5

Southwood Elementary School

  • Education Level: Primary
  • # of students: 578
  • # of teachers: 39
6
GreatSchools Rating

South Creek Middle School

  • Education Level: Middle
  • # of students: 949
  • # of teachers: 54
4
GreatSchools Rating

Cypress Creek High School

  • Education Level: High
  • # of students: 3,124
  • # of teachers: 148
5
GreatSchools Rating
 

$314,100$383,900$349,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,212
Property Tax -$405
Property Insurance -$174
HOA -$33
Property Management Fees -$129
CASH FLOW
$166

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.

$349,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.2%
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

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$31,853

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,142

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0883$2,1004$2,1205$2,300
$2,300
RENT COMPS ANALYSIS
  • 2069 Tiptree Cir Orlando, FL 4
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.92
    •  
  • 338 Lytton Cir Orlando, FL 1
    • 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,166 Sqft ∙ Built 1992
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.90
    •  
  • 1218 Bradwell Dr Orlando, FL 2
    • 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,420 Sqft ∙ Built 2000
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,088
    • $0.86
    •  
  • 343 Kassik Cir Orlando, FL 3
    • 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,140 Sqft ∙ Built 1996
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.98
    •  
  • 11621 Blackmoor Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,353 Sqft ∙ Built 1995
    LEASED 09/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
PROPERTY LISTING DETAILS
Red Johnston
1.407.757.4300
Premium Properties R.e Service
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921831
Last Updated: 02/06/2021
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