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1130 Lascala Dr Windermere, FL 34786

4 Beds 2 Baths 2,545 sqft Built 2003

$435,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $170.92
  • 3 Days on Market
  • MLS # : O5915563
  • Updated Date : 01/09/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,545 sqft
  • Baths : 2 full
Listing Agent

4 Acre Realty Llc

Listing Agent's Description

Gorgeous home in the sought after gated community of Belmere Village in Windermere! This move in ready home sits on a corner lot, surrounded by lush landscaping. This 4 bedroom 2 bath home has a very desirable 3 way split plan and a dedicated office space, a 2 car garage with built in storage closets. The master bedroom has a private entrance to the screened lanai, large master bathroom with garden tub, walk-in closets, dual vanities and separate shower. The open kitchen to family room is perfect for entertaining family and friends. The 4th bedroom on the second level could also be used as a game room or media room. This home is move in ready! Call today to schedule your showing

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: Belmere Village

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Neighborhood: Belmere Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10293062

* 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
Lake Whitney Elementary School Primary Regular 598 40 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Lake Whitney Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 40
9
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
 

$391,500$478,500$435,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,511
Property Tax -$487
Property Insurance -$188
HOA -$115
Property Management Fees -$129
CASH FLOW
-$200

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.

$435,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.4%
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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$121,025

INVESTMENT

$121,025

Down Payment
$108,750
Rehab Estimate
$5,750
Closing Costs
$6,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,511

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $108,750
Loan Amount $326,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$10,131

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,259

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$2,230
1$2,2302$2,2503$2,3504$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 1130 Lascala Dr Windermere, FL 1
    • 4 beds 2 baths ∙ 2,545 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,545 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.88
    •  
  • 1035 Lascala Dr Windermere, FL 2
    • 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,663 Sqft ∙ Built 2002
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.84
    •  
  • 1077 Lascala Dr Windermere, FL 3
    • 4 beds 2 baths ∙ 2,514 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,514 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.93
    •  
  • 1119 Lascala Dr Windermere, FL 4
    • 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 2003 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 2003
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.86
    •  
  • 11825 Via Lucerna Cir Windermere, FL 5
    • 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,728 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.92
    •  
PROPERTY LISTING DETAILS
Amy Fouraker
1.407.963.7850
4 Acre Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915563
Last Updated: 01/09/2021
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