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102 Valencia Shores Dr Winter Garden, FL 34787

3 Beds 2 Baths 1,910 sqft Built 1977

$374,000

List Price

$2,050

$1.8K - $2.3K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $195.81
  • 3 Days on Market
  • MLS # : O5923213
  • Updated Date : 02/12/2021 at 16:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,910 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Classic

Listing Agent's Description

Southern country ranch has all the comforts every home should have and more. Brick, modest columns and covered porch offer entry into 1910 sq.ft. layout. The 3 bedroom, 2 bath floor plan focuses on convenience and functionality. A homey touch has been added to the formal living room. Fireplaces are the heart of the home, the hub for connecting with your family and friends and a staple in traditional décor. Using a white subway tile for the back splash and a darker granite for the counters dimension has been added to the well-designed kitchen. Up market appliances, open shelving and raised panel cabinet doors complete the look. The living room, dining room and sitting room are tied together with beautiful wood flooring. Each space is separate but share the natural sunlight and country side views from the large windows. Casual serenity prevails in the Master suite and offers unexpected touches like the barn door entry to a fully renovated bath. The huge shower, dual sinks and elongated vanity are flanked by quality ceramic tile. It’s really quite stunning. All bedrooms are carpeted and the 2 guest bedrooms share a full bath. The Florida room is a fantastic amenity that adds year round living space and value to the already spacious rambler. It is bright, light, private and on the backside of the home. Go green and add your favorite plants to create a healthy atmosphere. Just beyond is even more space to entertain. Imagine sitting under a swirling fan and enjoying a cold drink. That’s what you can expect in your screened lanai. No better way to spend the day! Home has an eastern exposure on corner property with a side facing 2 car garage, fenced lot and detached workshop. Located in a well-established neighborhood in Winter Garden, this southern charmer will always feel like home. Enjoy the historical assets, weekly farmers market, eclectic restaurants and week-end live music in this quaint town that is nestled alongside scenic Lake Apopka.

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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: Valencia Shores

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k417k

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

Neighborhood: Valencia Shores

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10282320

* 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
Dillard Street Elementary School Primary Regular 742 48 4
Lakeview Middle School Middle Regular 1,032 62 3
West Orange High School High Regular 3,835 178 6

Dillard Street Elementary School

  • Education Level: Primary
  • # of students: 742
  • # of teachers: 48
4
GreatSchools Rating

Lakeview Middle School

  • Education Level: Middle
  • # of students: 1,032
  • # of teachers: 62
3
GreatSchools Rating

West Orange High School

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

$336,600$411,400$374,000

PURCHASE PRICE

$1,845$2,255$2,050

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,050
EXPENSES Loan Payment -$1,299
Property Tax -$412
Property Insurance -$150
HOA -$13
Property Management Fees -$129
CASH FLOW
$47

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.

$374,000

PROJECTED PRICE

$2,050

PROJECTED RENT

0.55%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$104,860

INVESTMENT

$104,860

Down Payment
$93,500
Rehab Estimate
$5,750
Closing Costs
$5,610

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,299

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,500
Loan Amount $280,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$23,250

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,050

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • COMP ESTIMATED VALUE
  • COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,050
$2,050
RENT COMPS ANALYSIS
  • 102 Valencia Shores Dr Winter Garden, FL
    • 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,910 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.07
    •  
PROPERTY LISTING DETAILS
Carl Head
1.407.832.4650
Keller Williams Classic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5923213
Last Updated: 02/12/2021
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