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1030 Bending Oak Trl Winter Garden, FL 34787

5 Beds 3 Baths 2,212 sqft Built 2009

$342,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $154.61
  • 40 Days on Market
  • MLS # : O5909131
  • Updated Date : 01/04/2021 at 09:30
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,212 sqft
  • Baths : 2 full , 1 half
Listing Agent

Showcase Realty

Listing Agent's Description

A rare find….newer construction near DOWNTOWN WINTER GARDEN located in Oaks at Brandy Lake with lots of UPDATES… Plenty of space in this 5 BEDROOM + LOFT home. A beautifully laid out floor plan with one large bedroom downstairs w/ a walk in closet and ½ bath (space to add a shower), kitchen and family room. Upstairs includes the master suite, laundry room, LOFT and 3 additional bedrooms ~ all nicely sized! Recent UPDATES include: 2020 ~ Interior Paint, Whirlpool Washer and Dryer, Range, Dishwasher, Microwave, Garbage Disposal, Kitchen Faucet, Carpet in downstairs bedroom and stairs, Vinyl flooring in kitchen and ½ bath, updated landscaping, Carrier DUAL ZONED AC with 2 new dampers & new thermostats. 2019 ~ Refrigerator. Large driveway, covered porch and lots of room to expand your outdoor living. All the heavy lifting has been done ~ so come enjoy this premium location minutes away from West Orange Trail, WG Farmer’s Market, Shopping, Dining and all the charm that downtown Winter Garden has to offer. NATURAL GAS COMMUNITY!!!

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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: Oaks at Brandy Lake

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $69k400k

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

Neighborhood: Oaks at Brandy Lake

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000210022002300Rent in $8952320

* 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
Tildenville Elementary School Primary Magnet 540 37 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Tildenville Elementary School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 37
8
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
 

$307,800$376,200$342,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,188
Property Tax -$391
Property Insurance -$168
HOA -$78
Property Management Fees -$129
CASH FLOW
-$264

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.

$342,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 4.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$96,380

INVESTMENT

$96,380

Down Payment
$85,500
Rehab Estimate
$5,750
Closing Costs
$5,130

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,188

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,500
Loan Amount $256,500
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,637

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4953$1,6904$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 1030 Bending Oak Trl Winter Garden, FL 3
    • 5 beds 3 baths ∙ 2,212 Sqft ∙ Built 2009 5 beds 3 baths ∙ 2,212 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.76
    •  
  • 868 Bending Oak Trl Winter Garden, FL 1
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2009
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.70
    •  
  • 817 Brandy Oaks Loop Winter Garden, FL 2
    • 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2010 4 beds 2 baths ∙ 2,383 Sqft ∙ Built 2010
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.63
    •  
  • 531 Clancy St Winter Garden, FL 4
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 343 Grand Royal Cir Winter Garden, FL 5
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2001
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
PROPERTY LISTING DETAILS
Beth Yannoulis
1.407.920.2016
Showcase Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5909131
Last Updated: 01/04/2021
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