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4152 Thomassa Ct Orlando, FL 32812

3 Beds 2 Baths 1,592 sqft Built 1979

$349,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $219.79
  • 4 Days on Market
  • MLS # : O5915116
  • Updated Date : 01/14/2021 at 10:39
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,592 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Advantage 2 Realty

Listing Agent's Description

Welcome HOME to your beautiful new **POOL** home. The house is perfect, tucked into a quiet neighborhood, near schools, fantastic locations and move in ready. As you walk into the kitchen you will notice **TONS OF NATURAL LIGHT from the newer PICTURE WINDOW** A chef’s dream with the open kitchen, double oven, GORGEOUS GRANITE COUNTER TOPS, backsplash, and solid wood cabinets designed soft close and pull out drawers. The **HUGE CENTER ISLAND** provides LOTS OF COUNTER SPACE for your prep work. This home has a formal living and dining room in addition to the family area that can be used as an office, den, or multiple family rooms. Your new modern master suite has a **WALK IN CLOSET** to keep you organized. The master bath has a newer walk-in shower. You also have TWO **LARGE BEDROOMS** and full bath in a split floor plan. The kitchen island overlooks the pool for a beautiful view for relaxing after a hard day at work. **NO HOA**Close to Downtown Orlando, 408 & 528, shopping, restaurants and Orlando Airports. View the 360 Matterport tour for floor plan. Call today! Do not miss out!!

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: Conway

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k274k

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

Neighborhood: Conway

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100010501100115012001250130013501400145015001550160016501700Rent in $9811712

* 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
Boone High School High Magnet 2,763 141 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

Boone High School

  • Education Level: High
  • # of students: 2,763
  • # of teachers: 141
7
GreatSchools Rating
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,215
Property Tax -$435
Property Insurance -$131
Property Management Fees -$129
CASH FLOW
-$140

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.

$349,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.4%
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$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$8,488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,795

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7003$1,7704$1,8755$2,000
$2,000
RENT COMPS ANALYSIS
  • 4152 Thomassa Ct Orlando, FL 3
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $1.11
    •  
  • 3023 Hidalgo Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,521 Sqft ∙ Built 1959
    LEASED 04/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.08
    •  
  • 3843 Brandy St Orlando, FL 2
    • 3 beds 3 baths ∙ 1,477 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,477 Sqft ∙ Built 1990
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.15
    •  
  • 2633 Waymeyer Dr Orlando, FL 4
    • 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1987
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.10
    •  
  • 3240 Bridgehampton Ln Orlando, FL 5
    • 4 beds 2 baths ∙ 1,694 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,694 Sqft ∙ Built 1983
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.18
    •  
PROPERTY LISTING DETAILS
Christina Rampersad
1.407.694.1495
Keller Williams Advantage 2 Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915116
Last Updated: 01/14/2021
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