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10079 Beach Port Dr Winter Garden, FL 34787

4 Beds 3 Baths 2,117 sqft Built 2018

$465,000

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $219.65
  • 6 Days on Market
  • MLS # : O5925386
  • Updated Date : 02/24/2021 at 14:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,117 sqft
  • Baths : 3 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Why wait 6 to 9 nine months for new construction, when you can get this amazing 4br/3ba, Bellmore model home RIGHT NOW!!. On a premium lot, with a pond and fountain view and no expense spared. Luxury tile flooring with the wood look throughout, quartz countertops and upgraded stainless steel appliances in the kitchen. Upgraded baths with quartz countertops. Open Floor plan. A pavered patio and fenced back yard. In addition to all the great amenities that Waterleigh has, the HOA also includes lawn service. This is a must see, schedule your appointment today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando ranks 7th in U.S. for economic growth (Milken Instutute/ Orlando Sentinel, 2018)

PRICE & RENT TRENDS

Zip Code: 34787

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Zip Code: 34787

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292322

* 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
Keene's Crossing Elementary School Primary Regular 1,191 78 9
Bridgewater Middle School Middle Regular 1,373 72 6
West Orange High School High Regular 3,835 178 6

Keene's Crossing Elementary School

  • Education Level: Primary
  • # of students: 1,191
  • # of teachers: 78
9
GreatSchools Rating

Bridgewater Middle School

  • Education Level: Middle
  • # of students: 1,373
  • # of teachers: 72
6
GreatSchools Rating

West Orange High School

  • Education Level: High
  • # of students: 3,835
  • # of teachers: 178
6
GreatSchools Rating
 

$418,500$511,500$465,000

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,615
Property Tax -$545
Property Insurance -$163
HOA -$208
Property Management Fees -$129
CASH FLOW
-$479

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.

$465,000

PROJECTED PRICE

$2,180

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.4%
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$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,975

INVESTMENT

$128,975

Down Payment
$116,250
Rehab Estimate
$5,750
Closing Costs
$6,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,250
Loan Amount $348,750
See What Happens When You Reinvest Cash Flow

0.58

YEARS SAVED

$976

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,138

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,990
1$1,9902$2,1003$2,1254$2,1505$2,180
$2,180
RENT COMPS ANALYSIS
  • 10079 Beach Port Dr Winter Garden, FL 5
    • 4 beds 3 baths ∙ 2,117 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,117 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $1.03
    •  
  • 10160 Storey Grove Way Winter Garden, FL 1
    • 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2016
    property image
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.99
    •  
  • 10097 Beach Port Dr Winter Garden, FL 2
    • 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2018
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.03
    •  
  • 8679 Bayview Crossing Dr Winter Garden, FL 3
    • 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,070 Sqft ∙ Built 2015
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,125
    • $1.03
    •  
  • 16043 Pebble Bluff Loop Winter Garden, FL 4
    • 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,170 Sqft ∙ Built 2018
    property image
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.99
    •  
PROPERTY LISTING DETAILS
Lee Goldberg
1.407.223.6965
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5925386
Last Updated: 02/24/2021
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