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11462 Misty Oak Aly Windermere, FL 34786

4 Beds 3 Baths 2,532 sqft Built 2016

INVESTimate

$415,900

List Price

$2,440

$2,196 - $2,684

Rent Est.

$432,744  ( +4.05%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $164.26
  • 6 Days on Market
  • MLS # : T3260930
  • Updated Date : 08/24/2020 at 09:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,532 sqft
  • Baths : 2 full , 1 half
Listing Agent

Damron Realty

Listing Agent's Description

BEAUTIFUL WELL MAINTAINED 4 BED 2.5 BATH HOME COMES WITH LOTS OF BUILDER UPGRADES. KITCHEN INCLUDES MODERN OVER SIZED FLOOR TILE AND STONE COUNTER TOPS WITH BACK SPLASH ALSO AN ISLAND WITH DOUBLE SINKS CREATING A GREAT FAMILY GATHERING AREA. LARGE DOWNSTAIRS MASTER BEDROOM. VAULTED CEILINGS. COMMUNITY BOASTS A POOL, TENNIS AND BASKETBALL COURTS. HOME HAS WATER VIEWS JUST MINUTES FROM DISNEY, SHOPPING, GREAT SCHOOLS AND HEALTH CARE UPSTAIRS HAS 3 BEDROOMS AND A BONUS/LOFT GREAT FOR PLAY ROOM OR STUDY AREA. THIS HOME IS BUILT WITH THE FAMILY IN MIND. LOW HOA AND AGGRESSIVE PRICING MAKE THIS HOME A GREAT VALUE

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Zip Code: 34786

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Zip Code: 34786

ZipNIR 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$374,310$457,490$415,900

PURCHASE PRICE

$2,196$2,684$2,440

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,534
Property Tax -$504
Property Insurance -$187
HOA -$70
Property Management Fees -$220
CASH FLOW
-$76

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.

$415,900

PROJECTED PRICE

$2,440

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.05%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,964

INVESTMENT

$115,964

Down Payment
$103,975
Rehab Estimate
$5,750
Closing Costs
$6,239

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,534

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,975
Loan Amount $311,925
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$15,940

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,440

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,627

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4403$2,5004$2,8005$2,900
$2,900
RENT COMPS ANALYSIS
  • 11462 Misty Oak Aly Windermere, 2
    • 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $0.96
    •  
  • 7224 Rambling Water Way Windermere, 1
    • 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2015
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 7235 Sunny Meadow Aly Windermere, 3
    • 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 2016
    property image
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.07
    •  
  • 11797 Sprawling Oak Dr Windermere, 4
    • 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,544 Sqft ∙ Built 2017
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.10
    •  
  • 13006 Westside Village Loop Windermere, 5
    • 4 beds 4 baths ∙ 2,665 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,665 Sqft ∙ Built 2018
    property image
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,900
    • $1.09
    •  
PROPERTY LISTING DETAILS
Mike Damron
1.813.469.1898
Damron Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260930
Last Updated: 08/24/2020
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