Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

675 Thomas Jefferson Way Orlando, FL 32809

3 Beds 2 Baths 1,623 sqft Built 1972

$265,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $163.28
  • 2 Days on Market
  • MLS # : O5922116
  • Updated Date : 02/07/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,623 sqft
  • Baths : 2 full
Listing Agent

Banersy Real Estate, Llc

Listing Agent's Description

Freshly painted and very spacious with a pool. AC is only 3 years old.

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: American Heritage Estates

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: American Heritage Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8281712

* 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
Winegard Elementary School Primary Regular 753 47 4
Walker Middle School Middle Regular 1,013 57 2
Oak Ridge High School High Magnet 2,633 127 3

Winegard Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 47
4
GreatSchools Rating

Walker Middle School

  • Education Level: Middle
  • # of students: 1,013
  • # of teachers: 57
2
GreatSchools Rating

Oak Ridge High School

  • Education Level: High
  • # of students: 2,633
  • # of teachers: 127
3
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$920
Property Tax -$301
Property Insurance -$133
Property Management Fees -$129
CASH FLOW
$226

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.

$265,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 11.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

9.33

YEARS SAVED

$33,799

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,745

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,6993$1,7104$1,9505$2,000
$2,000
RENT COMPS ANALYSIS
  • 675 Thomas Jefferson Way Orlando, FL 3
    • 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,623 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.05
    •  
  • 6725 Kelland Ave Orlando, FL 1
    • 4 beds 2 baths ∙ 1,375 Sqft ∙ Built 1970 4 beds 2 baths ∙ 1,375 Sqft ∙ Built 1970
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 213 W Buchanon Ave Orlando, FL 2
    • 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,718 Sqft ∙ Built 1958
    LEASED 01/22/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.99
    •  
  • 5805 Luzon Pl Orlando, FL 4
    • 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 1960 4 beds 2 baths ∙ 1,756 Sqft ∙ Built 1960
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.11
    •  
  • 6919 Von Bampus Dr #7 Orlando, FL 5
    • 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 1968 4 beds 2 baths ∙ 1,688 Sqft ∙ Built 1968
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.18
    •  
PROPERTY LISTING DETAILS
Francisco Seijas
1.407.962.6201
Banersy Real Estate, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5922116
Last Updated: 02/07/2021
BESbswy