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11012 Silver Surfer Aly Winter Garden, FL 34787

4 Beds 4 Baths 2,502 sqft Built 2018

$379,900

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $151.84
  • 2 Days on Market
  • MLS # : O5928268
  • Updated Date : 03/07/2021 at 00:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,502 sqft
  • Baths : 3 full , 1 half
Listing Agent

Dream Finders Realty Group Corp

Listing Agent's Description

*ATTENTION NEW UNIQUE OPPORTUNITY* Enjoy quality time with your family and friends as you oversee park views from the comfort of your home in this beautiful two-story, 4 bed, 3.5 Baths home with 2 Master Bedrooms and full of upgrades. 42' cabinets with crown molding, quartz countertops, wood-plank tile flooring in all common areas, energy-efficient appliances, and much more. The first floor boasts an open-plan concept with a kitchen, family room, and dining room. It also has an oversized 2-car detached garage on an alley behind the main house. Storey Grove is a wonderful, family-oriented community with amenities that include: resort-style pool, fitness center, playground, dog park, fitness trail, and more. This conveniently-located community offers easy access to SR-429, Florida Turnpike, Walt Disney World, Hamlin, the new Disney Spring development, and top-notch schools. Come and make this house your home!

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

Zip Code: 34787

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Zip Code: 34787

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292322

* 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
Keene's Crossing Elementary School Primary Regular 1,191 78 9
Bridgewater Middle School Middle Regular 1,373 72 6
West Orange High School High Regular 3,835 178 6

Keene's Crossing Elementary School

  • Education Level: Primary
  • # of students: 1,191
  • # of teachers: 78
9
GreatSchools Rating

Bridgewater Middle School

  • Education Level: Middle
  • # of students: 1,373
  • # of teachers: 72
6
GreatSchools Rating

West Orange High School

  • Education Level: High
  • # of students: 3,835
  • # of teachers: 178
6
GreatSchools Rating
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,320
Property Tax -$445
Property Insurance -$186
HOA -$62
Property Management Fees -$129
CASH FLOW
-$131

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.

$379,900

PROJECTED PRICE

$2,010

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.4%
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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,320

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$11,527

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,246

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,010
1$2,0102$2,1503$2,2454$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 11012 Silver Surfer Aly Winter Garden, FL 1
    • 4 beds 4 baths ∙ 2,502 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,502 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $0.80
    •  
  • 15127 Book Club Rd Winter Garden, FL 2
    • 4 beds 4 baths ∙ 2,486 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,486 Sqft ∙ Built 2019
    LEASED 11/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.86
    •  
  • 11073 Folklore St Winter Garden, FL 3
    • 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,475 Sqft ∙ Built 2017
    LEASED 01/23/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.91
    •  
  • 11054 Silver Surfer Aly Winter Garden, FL 4
    • 4 beds 4 baths ∙ 2,502 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,502 Sqft ∙ Built 2018
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.90
    •  
  • 11061 Vignette Aly Winter Garden, FL 5
    • 4 beds 4 baths ∙ 2,502 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,502 Sqft ∙ Built 2018
    LEASED 02/02/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
PROPERTY LISTING DETAILS
Angela Rodriguez
1.407.873.8379
Dream Finders Realty Group Corp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5928268
Last Updated: 03/07/2021
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