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1048 Lundy Ct Winter Park, FL 32792

4 Beds 3 Baths 2,762 sqft Built 1984

$400,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $144.82
  • 5 Days on Market
  • MLS # : T3294882
  • Updated Date : 03/11/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,762 sqft
  • Baths : 3 full
Listing Agent

Flat Fee Mls Realty

Listing Agent's Description

Perfect Family Home or Investment Opportunity Location, Convenience and Lifestyle Is Captured in this Treasure Trove 4-bedroom, 3-bathroom Home with 2,762 sqft of Living Space and Which Rests on a Lot of 0.26 acres in a Peaceful And Tranquil Setting. This Large Family Home Includes Spacious Living Areas, Two Master Suites, and A Large Entertainment/Games/Family Room. The Kitchen is Complete with Granite Counters and A Spacious Breakfast Bar. This Home is a Spacious Entertainer In Quiet And Convenient Location With A Backyard and Deck Perfect for Family Gatherings and Parties. This Tri-Level Home Also Has Wonderful Features Like a Cozy Fireplace, Insulated Windows, Granite Counter Tops, Freshly Painted, Central A/C, Off Street Parking and Two Master Suites. You’ll Appreciate the Short Drive to Various Destinations Such as Downtown Orlando, Theme Parks, State Parks, Preserves and Easy Access to I-4 and SR-417. No HOA Payable. Come and Take a Look at This Beauty - Don't Miss Out. Call Annie Now to See This Unique Home in Person.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Howell Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k293k

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

Neighborhood: Howell Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8262002

* 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
Eastbrook Elementary School Primary Regular 809 57 5
Tuskawilla Middle School Middle Regular 1,080 57 5
Lake Howell High School High Regular 2,229 117 6

Eastbrook Elementary School

  • Education Level: Primary
  • # of students: 809
  • # of teachers: 57
5
GreatSchools Rating

Tuskawilla Middle School

  • Education Level: Middle
  • # of students: 1,080
  • # of teachers: 57
5
GreatSchools Rating

Lake Howell High School

  • Education Level: High
  • # of students: 2,229
  • # of teachers: 117
6
GreatSchools Rating
 

$360,000$440,000$400,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,389
Property Tax -$399
Property Insurance -$201
Property Management Fees -$129
CASH FLOW
$181

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.

$400,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.0%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

7.42

YEARS SAVED

$37,097

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $2,396

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1753$2,2504$2,3005$2,350
$2,350
RENT COMPS ANALYSIS
  • 1048 Lundy Ct Winter Park, FL 4
    • 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,762 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.83
    •  
  • 4100 Aldergate Pl Winter Springs, FL 1
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2000
    property image
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 613 Field Club Cir Casselberry, FL 2
    • 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1997
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.88
    •  
  • 1791 Laurel Brook Loop Casselberry, FL 3
    • 4 beds 4 baths ∙ 2,501 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,501 Sqft ∙ Built 2003
    property image
    LEASED 11/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 637 Field Club Cir Casselberry, FL 5
    • 4 beds 3 baths ∙ 2,855 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,855 Sqft ∙ Built 1997
    property image
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.82
    •  
PROPERTY LISTING DETAILS
Stephen Hachey
1.813.699.9616
Flat Fee Mls Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3294882
Last Updated: 03/11/2021
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