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8208 Fort Thomas Way Orlando, FL 32822

4 Beds 2 Baths 1,672 sqft Built 1995

$291,000

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $174.04
  • 109 Days on Market
  • MLS # : O5886400
  • Updated Date : 12/05/2020 at 14:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,672 sqft
  • Baths : 2 full
Listing Agent

Re/max Innovation

Listing Agent's Description

Back on the market. Beautiful and cozy, this move-in ready, 4 bedrooms, 2 bath home, located in the sought after Stonebridge community, is waiting for a new owner. The well cared for home has a fabulous layout, tile throughout the house, and remodeled guest bath. The updated kitchen sports granite counter-top, recessed lighting fixtures, closet pantry, ample cabinet space, a breakfast nook, and a complete appliance package. The spacious master bedroom contains a large soaking tub and a walk-in closet. Sit on your screened back patio while having coffee in the morning enjoying the lake view while you watch the family-run and play on the expansive fenced backyard.*** The Stonebridge community is conveniently located close to shopping, restaurants, supermarkets, the Orlando Int’l Airport, Lake NonaValencia Community College, UCF and SR528, which provide easy access to the attraction area and Cocoa Beach. All information and measurements are deemed to be accurate, but buyers and their agents are responsible to independently verify.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Stonebridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $105k255k

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

Neighborhood: Stonebridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8941712

* 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
 

$261,900$320,100$291,000

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$1,074
Property Tax -$331
Property Insurance -$136
HOA -$20
Property Management Fees -$129
CASH FLOW
-$79

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.

$291,000

PROJECTED PRICE

$1,610

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.3%
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$82,865

INVESTMENT

$82,865

Down Payment
$72,750
Rehab Estimate
$5,750
Closing Costs
$4,365

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,074

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,750
Loan Amount $218,250
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$11,851

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,705

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6103$1,6504$1,7905$1,795
$1,795
RENT COMPS ANALYSIS
  • 8208 Fort Thomas Way Orlando, FL 2
    • 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.96
    •  
  • 8467 Fort Thomas Way Orlando, FL 1
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1993
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 8216 Sun Vista Way Orlando, FL 3
    • 4 beds 2 baths ∙ 1,515 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,515 Sqft ∙ Built 1995
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.09
    •  
  • 7617 Beatty Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,792 Sqft ∙ Built 2000
    LEASED 11/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.00
    •  
  • 5857 Lake Champlain Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 2002
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.02
    •  
PROPERTY LISTING DETAILS
Caridad Pool, Pa
1.407.383.5624
Re/max Innovation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886400
Last Updated: 12/05/2020
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