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11078 Folklore St Winter Garden, FL 34787

3 Beds 3 Baths 1,770 sqft Built 2017

$334,900

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

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
Windermere High School High Regular NA

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

Windermere High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

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

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,163

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

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
$1,790
1$1,7902$2,1003$2,1004$2,100
$2,100
RENT COMPS ANALYSIS
  • 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
Rick Mennie
1.407.267.3716
Z House Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5923208
Last Updated: 02/12/2021
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