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

8208 Fort Thomas Way Orlando, FL 32822

4 Beds 2 Baths 1,672 sqft Built 1995

$295,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $176.44
  • 3 Days on Market
  • MLS # : O5923534
  • Updated Date : 02/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,672 sqft
  • Baths : 2 full
Listing Agent

Tbro Realty Llc

Listing Agent's Description

Welcome home to this beautiful and well maintained 4 bedroom / 2 bath house located in the Stonebridge Community. The house features updated kitchen and bathrooms with granite countertops as well as tile flooring throughout, recessed lights, beautiful dining room chandelier, well sized master bedroom and bathroom as well as a completely fenced in backyard. You'll also enjoy beautiful sunrises on your oversized screened back porch while taking in the beautiful lake views. This property is well located near the airport, major shopping malls, and highways. Come make this your home today!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Three Points Elementary School Primary Regular 721 48 3
Odyssey Middle School Middle Regular 912 49 3
Colonial High School High Magnet 3,339 160 4

Three Points Elementary School

  • Education Level: Primary
  • # of students: 721
  • # of teachers: 48
3
GreatSchools Rating

Odyssey Middle School

  • Education Level: Middle
  • # of students: 912
  • # of teachers: 49
3
GreatSchools Rating

Colonial High School

  • Education Level: High
  • # of students: 3,339
  • # of teachers: 160
4
GreatSchools Rating
 

$265,500$324,500$295,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,025
Property Tax -$336
Property Insurance -$136
HOA -$20
Property Management Fees -$129
CASH FLOW
$35

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.

$295,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.57%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$83,925

INVESTMENT

$83,925

Down Payment
$73,750
Rehab Estimate
$5,750
Closing Costs
$4,425

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,025

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,750
Loan Amount $221,250
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$17,794

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,705

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6503$1,6804$1,7905$1,795
$1,795
RENT COMPS ANALYSIS
  • 8208 Fort Thomas Way Orlando, FL 3
    • 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,672 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.00
    •  
  • 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 2
    • 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
Yanet Rodriguez
1.407.403.4322
Tbro Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5923534
Last Updated: 02/13/2021
BESbswy