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256 Tom Sawyer Ct Orlando, FL 32828

3 Beds 3 Baths 1,513 sqft Built 1987

$311,590

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $205.94
  • 2 Days on Market
  • MLS # : O5928007
  • Updated Date : 03/06/2021 at 16:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,513 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty By Design

Listing Agent's Description

WOW!!! A 3 BEDROOM, 2.5 BATH SINGLE FAMILY HOME ON A CUL DE SAC WITH SPECTACULAR WATER VIEW IN WATERFORD LAKES FOR UNDER $320K!!! You’ll love this Charming Two Story in a Great Neighborhood, and Featuring a NEW ROOF and FLOORS, FRESHLY PAINTED, TILED BATHS, and UPDATED APPLIANCES! A Fenced Backyard and a Beautiful Pond View are all added Bonuses! No Carpet Anywhere! The Waterford Lakes area Boasts Great Schools, Nearby Shopping and Restaurants, and the Location is Close to Major Highways as well as UCF! The HOA includes an Outdoor Fitness Station, Beautiful Community Pool, Tennis Courts, Soccer/Football Fields, Basketball, Racquetball and Sand Volleyball Courts, Newly Updated Dog Park, and Front Yard Mowing is Included! DON’T MISS THIS ONE!!!

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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: 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
Waterford Elementary School Primary Regular 699 50 7
Discovery Middle School Middle Regular 907 56 5
Timber Creek High School High Regular 3,132 161 8

Waterford Elementary School

  • Education Level: Primary
  • # of students: 699
  • # of teachers: 50
7
GreatSchools Rating

Discovery Middle School

  • Education Level: Middle
  • # of students: 907
  • # of teachers: 56
5
GreatSchools Rating

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$280,431$342,749$311,590

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$1,082
Property Tax -$354
Property Insurance -$126
HOA -$106
Property Management Fees -$129
CASH FLOW
-$258

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.

$311,590

PROJECTED PRICE

$1,540

PROJECTED RENT

0.49%

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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,321

INVESTMENT

$88,321

Down Payment
$77,898
Rehab Estimate
$5,750
Closing Costs
$4,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,082

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,898
Loan Amount $233,693
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$2,360

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,536

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,5403$1,6254$1,6505$1,650
$1,650
RENT COMPS ANALYSIS
  • 256 Tom Sawyer Ct Orlando, FL 2
    • 3 beds 3 baths ∙ 1,513 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,513 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $1.02
    •  
  • 12709 Sophiamarie Loop Orlando, FL 1
    • 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,230 Sqft ∙ Built 2003
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.02
    •  
  • 14 Pied Ct Orlando, FL 3
    • 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,661 Sqft ∙ Built 1995
    LEASED 02/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.98
    •  
  • 13005 Cog Hill Way Orlando, FL 4
    • 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,597 Sqft ∙ Built 1993
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 13216 Wild Duck Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1995
    LEASED 02/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
PROPERTY LISTING DETAILS
Danny Stirtz
1.407.579.5869
Realty By Design
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5928007
Last Updated: 03/06/2021
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