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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!!!
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Oaks at Brandy Lake
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$96,380
LOAN DETAILS
$1,188
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $85,500 |
| Loan Amount | $256,500 |
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
-
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
1.407.920.2016
Showcase Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5909131
Last Updated: 01/04/2021
