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11530 Ashlin Park Blvd Windermere, FL 34786

3 Beds 3 Baths 2,326 sqft Built 2015

$450,000

List Price

$2,440

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $193.47
  • 4 Days on Market
  • MLS # : S5044436
  • Updated Date : 12/31/2020 at 14:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,326 sqft
  • Baths : 2 full , 1 half
Listing Agent

Bhhs Results Realty

Listing Agent's Description

Situated in the sought after town of Windermere is where you will find this BEAUTIFUL former “BUILDER’S MODEL HOME” which boasts TONS OF UPGRADES in EVERY room. This 2 story 3 BEDROOM 2 ½ BATHROOM Chambord model home is perfect for entertaining! As you walk through the front door you will be greeted by an elegant foyer that highlights a MODERN GRAND STAIRCASE and formal DINING ROOM showcasing mirrored walls with sconce lighting along with UPGRADED CHANDELIERS. Proceed through to the LARGE EAT IN KITCHEN that boasts 42” upper cabinets, decorative tile backsplash, STAINLESS STEEL APPLIANCES, eat in nook, BUTLER’S PANTRY in addition to the large WALK IN PANTRY with CUSTOM SHELVING. The counter high BREAKFAST BAR accented by PENDANT LIGHTING is open to the family room that offers built in SHELVING & FIREPLACE, upgraded ceiling fan & BUILT IN SPEAKERS. The owners retreat located on the 2nd floor is VERY SPACIOUS offering enough room for large furniture with the focus of attention on the custom BUILT IN WALL STORAGE UNIT & custom ceiling with built in speakers. The owners en-suite features a DOUBLE VANITY, LARGE SEPARATE WALK IN SHOWER and private water closet. The owners large walk-in closet offers CUSTOM SHELVING. The additional bedrooms, bathroom and laundry room with built in cabinets are also located on the 2nd floor. You will find a drop zone area as you exit the back of the house. The private back yard with PVC fencing offers an extended patio with pavers & built in summer kitchen/grill. There are so many upgrades that you will need to see this home for yourself. The seller is also offering a 1 YEAR HOME WARRANTY! You will find this home in the Gorgeous community of Ashlin Park which offers a community clubhouse & pool along with a community playground. It is convenient to dining, attractions & theme parks. Located off 535 with easy access to major highways. DO NOT HESITATE TO SCHEDULE YOUR PRIVATE TOUR!

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: 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
 

$405,000$495,000$450,000

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,440
EXPENSES Loan Payment -$1,660
Property Tax -$527
Property Insurance -$175
HOA -$75
Property Management Fees -$129
CASH FLOW
-$127

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.

$450,000

PROJECTED PRICE

$2,440

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.1%
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$15k

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$20,238

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
  • $1.05

    LIST RENT PER SQFT
  • $2,448

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,3503$2,3954$2,4405$2,500
$2,500
RENT COMPS ANALYSIS
  • 11530 Ashlin Park Blvd Windermere, FL 4
    • 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,326 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,440
    • $1.05
    •  
  • 7237 Rambling Water Way Windermere, FL 1
    • 3 beds 3 baths ∙ 2,218 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,218 Sqft ∙ Built 2016
    property image
    LEASED 07/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
  • 7231 Rambling Water Way Windermere, FL 2
    • 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 2016
    property image
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.07
    •  
  • 7252 Backwoods Trl Windermere, FL 3
    • 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2017
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $1.08
    •  
  • 7235 Sunny Meadow Aly Windermere, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Tammy Blanchard
1.407.873.9470
Bhhs Results Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5044436
Last Updated: 12/31/2020
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