Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1053 Lascala Dr Windermere, FL 34786

3 Beds 2 Baths 2,106 sqft Built 2003

$429,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $203.70
  • 2 Days on Market
  • MLS # : A4485157
  • Updated Date : 12/05/2020 at 15:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,106 sqft
  • Baths : 2 full
Listing Agent

Savvy Avenue, Llc

Listing Agent's Description

AS IS. Wonderful Mediterranean home in a gated community. This is in great condition with quality upgrades. Single Family Home in Belmere Village. 3 Bedrooms/2 Baths. Granite counter top in Kitchen. Newer Stainless appliances, Range/microwave/Refrigerator/Dishwasher. Front Loader. LG Washer and Dryer system. Renovated master bathroom with Corian counter tops and build in cabinets. New tiled shower with glass enclosure. 2nd bathroom replaced sink/toilet/new cabinet. Newer Central Vacuum Installed & Replaced AC UNIT - Kinetico Water Softener System.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Belmere Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Neighborhood: Belmere Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10293062

* 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
Lake Whitney Elementary School Primary Regular 598 40 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Lake Whitney Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 40
9
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
 

$386,100$471,900$429,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,583
Property Tax -$481
Property Insurance -$162
HOA -$115
Property Management Fees -$129
CASH FLOW
-$319

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.

$429,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.4%
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

PROJECTED ANNUAL CASH FLOW

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

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$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

2

YEARS SAVED

$6,521

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $2,174

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,150
1$2,1502$2,2003$2,2504$2,2505$2,315
$2,315
RENT COMPS ANALYSIS
  • 1053 Lascala Dr Windermere, FL 1
    • 3 beds 2 baths ∙ 2,106 Sqft ∙ Built 2003 3 beds 2 baths ∙ 2,106 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.02
    •  
  • 11246 Rapallo Ln Windermere, FL 2
    • 3 beds 2 baths ∙ 2,188 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,188 Sqft ∙ Built 2004
    property image
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 11235 Rapallo Ln Windermere, FL 3
    • 3 beds 3 baths ∙ 2,211 Sqft ∙ Built 2002 3 beds 3 baths ∙ 2,211 Sqft ∙ Built 2002
    property image
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.02
    •  
  • 912 Algare Loop Windermere, FL 4
    • 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,131 Sqft ∙ Built 2002
    property image
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.06
    •  
  • 11506 Vicolo Loop Windermere, FL 5
    • 4 beds 2 baths ∙ 2,221 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,221 Sqft ∙ Built 2003
    property image
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,315
    • $1.04
    •  
PROPERTY LISTING DETAILS
Moe Mossa
1.612.490.1268
Savvy Avenue, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4485157
Last Updated: 12/05/2020
BESbswy