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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2017
- Price/Sqft : $189.21
- 4 Days on Market
- MLS # : O5923208
- Updated Date : 02/12/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,770 sqft
- Baths : 2 full , 1 half
Listing Agent
Z House Realty Group
Listing Agent's Description
Capture this opportunity to purchase a Better Than New energy efficient 2-Story home with Upgrades including Stone counters, Upgraded cabinets, Hybrid Water Heater, 15 Seer A/C, Pottery Barn lighting, Walk-in Closets & More! Highly rated schools including Water spring Elem, Bridgewater Middle & Windermere High. You will love the extra fenced in space in the courtyard providing extra living space separating the main house from the two-car garage. Large windows allow sunshine to showcase high ceilings and room for large furniture. The kitchen offers stone counters, beautiful cabinets, extra-large center island, closet pantry & a great view of the family room. Upstairs the Master stands out with an extra-large bath featuring double sinks, stone counters & walk-in shower and a huge walk in closet. Bedrooms 2 & 3 are spacious and share a Jack & Jill style bathroom. The laundry room is located on the main level with extra storage. Storey Grove offers a Community Pool with splash pad, Community room, basketball court, outdoor exercise area & tot lot. Nearby Winter Garden Village, Downtown Winter Garden as well as easy access to Walt Disney World, Downtown Orlando & The Orlando international Airport are accessible via the 408, 429 & Turnpike.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Zip Code: 34787
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34787
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,790 |
| EXPENSES | Loan Payment | -$1,163 |
| Property Tax | -$392 | |
| Property Insurance | -$142 | |
| HOA | -$60 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$96
|
||
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.
$334,900
PROJECTED PRICE
$1,790
PROJECTED RENT
0.53%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,499
LOAN DETAILS
$1,163
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,725 |
| Loan Amount | $251,175 |
3.83
YEARS SAVED
$11,770
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,790
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,823
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
-
11078 Folklore St Winter Garden, FL 1
- 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,770 Sqft ∙ Built 2017
- Rent
- Rent Per SQFT
- $1,790
- $1.01
-
10097 Beach Port Dr Winter Garden, FL 2
- 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,040 Sqft ∙ Built 2018
LEASED 09/17/20- Rent
- Rent Per SQFT
- $2,100
- $1.03
-
15133 Book Club Rd Winter Garden, FL 3
- 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2019
LEASED 10/23/20- Rent
- Rent Per SQFT
- $2,100
- $1.03
-
10217 Love Story St Winter Garden, FL 4
- 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,042 Sqft ∙ Built 2018
LEASED 12/01/20- Rent
- Rent Per SQFT
- $2,100
- $1.03
PROPERTY LISTING DETAILS
1.407.267.3716
Z House Realty Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5923208
Last Updated: 02/12/2021
