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1120 Brandy Lake View Cir Winter Garden, FL 34787

4 Beds 3 Baths 1,945 sqft Built 1999

$347,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1999
  • Price/Sqft : $178.41
  • 3 Days on Market
  • MLS # : G5035616
  • Updated Date : 11/07/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,945 sqft
  • Baths : 3 full
Listing Agent

Kw Elite Partners Iii Realty

Listing Agent's Description

An amazing opportunity awaits in the Historic Winter Garden area! Located in a small gated community, this 4 bed, 3 bath, single-story home, offers a unique split floor plan with 2 Master Suites! Just look at the curb appeal of this gorgeous tree-shaded property! Enter to an ample open concept floor plan with a centrally located living area and dining room. The kitchen is beautifully equipped with stainless appliances, thick granite countertops, and elegant 42" wood cabinets with plenty of storage. Need more space? Additional pantry and adjoining indoor laundry room are right off the kitchen. There is even a breakfast nook which could double as a coffee or bar area. Master #1 has a spacious En-suite Bathroom with dual sinks, custom vanity, a stylishly tiled soaking tub, walk-in shower with rainfall showerhead and a spacious master closet. Master #2 has a built-in closet organizer and the attached bath features a tub & shower combo. The other bedrooms are located in the front of the home, and get gorgeous natural light throughout the day. To the back of the home, the triple panel sliding glass door leads you to the enclosed patio area where you can relax and unwind while enjoying your fully fenced backyard. The 2 car garage has upgraded epoxy flooring. All this plus a dream location with so many nearby amenities such as: West Orange Bike Trail, Winter Garden Village, Plant Street Market and more. Close to 429, 408 and the Florida Turnpike for easy commutes to anywhere in Central Florida.

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: Brandy Creek

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $69k361k

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

Neighborhood: Brandy Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000210022002300Rent in $8952320

* 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
Tildenville Elementary School Primary Magnet 540 37 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Tildenville Elementary School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 37
8
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
 

$312,300$381,700$347,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,280
Property Tax -$387
Property Insurance -$152
HOA -$75
Property Management Fees -$165
CASH FLOW
-$229

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.

$347,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$97,705

INVESTMENT

$97,705

Down Payment
$86,750
Rehab Estimate
$5,750
Closing Costs
$5,205

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,750
Loan Amount $260,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,459

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,5954$1,7505$1,830
$1,830
RENT COMPS ANALYSIS
  • 1120 Brandy Lake View Cir Winter Garden, FL 5
    • 4 beds 3 baths ∙ 1,945 Sqft ∙ Built 1999 4 beds 3 baths ∙ 1,945 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.94
    •  
  • 868 Bending Oak Trl Winter Garden, FL 1
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2009
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.70
    •  
  • 612 Egret Place Dr Winter Garden, FL 2
    • 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,917 Sqft ∙ Built 2007
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.73
    •  
  • 638 Autumn Oaks Loop Winter Garden, FL 3
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.78
    •  
  • 531 Clancy St Winter Garden, FL 4
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005
    property image
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
PROPERTY LISTING DETAILS
Crystal Bracero
1.407.405.8075
Kw Elite Partners Iii Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: G5035616
Last Updated: 11/07/2020
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