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10652 Windsor Ct Orlando, FL 32821

3 Beds 2 Baths 1,400 sqft Built 1980

$247,500

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $176.79
  • 3 Days on Market
  • MLS # : O5913325
  • Updated Date : 12/25/2020 at 23:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,400 sqft
  • Baths : 2 full
Listing Agent

Robert Slack Llc

Listing Agent's Description

It is all about location!! Check out this beautiful, updated home in one of the most sought after communities in Orlando. This home is 1 mile from Sea world & I-Drive and only 15 minutes from OIA & Disney. Features include (but not limited to); a ceramic tile roof less than 2 years old, a 1 year old A/C and a nest thermostat, updated kitchen with granite counter tops, brand new laminated water proof floors, fresh interior paint, roomy rear deck surrounded by an stunning back yard, etc.,! This is a home you wouldn't want to miss!

SEE MORE

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: Windmill Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $104k253k

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

Neighborhood: Windmill Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9211712

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$222,750$272,250$247,500

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$913
Property Tax -$277
Property Insurance -$120
HOA -$75
Property Management Fees -$129
CASH FLOW
$56

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.

$247,500

PROJECTED PRICE

$1,570

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,338

INVESTMENT

$71,338

Down Payment
$61,875
Rehab Estimate
$5,750
Closing Costs
$3,713

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$913

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $61,875
Loan Amount $185,625
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$20,185

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,565

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,5704$1,6955$1,870
$1,870
RENT COMPS ANALYSIS
  • 10652 Windsor Ct Orlando, FL 3
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $1.12
    •  
  • 4902 Gardengate Ln Orlando, FL 1
    • 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,576 Sqft ∙ Built 1981
    property image
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 5007 Lady Bug Pl Orlando, FL 2
    • 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,414 Sqft ∙ Built 1982
    property image
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.10
    •  
  • 5643 Norman H Cutson Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1995
    property image
    LEASED 09/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.22
    •  
  • 5225 Wildflower Rd Orlando, FL 5
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 1979
    property image
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $1.20
    •  
PROPERTY LISTING DETAILS
Mario Restrepo, Sr
1.980.621.5960
Robert Slack Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913325
Last Updated: 12/25/2020
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