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125 Killington Way Orlando, FL 32835

3 Beds 2 Baths 1,734 sqft Built 1992

$278,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $160.84
  • 3 Days on Market
  • MLS # : O5905988
  • Updated Date : 11/14/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,734 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Charming 3 bedroom, 2 bathroom, single-family home located in the community of Winter Hill in Orlando. Upon entering, one will immediately notice the wood floors, crown molding accents, high ceilings, and archways. The home features a formal dining room with chair rail and a spacious living room. The kitchen boasts granite countertops, appliances, lots of cabinet space, and an eat-in kitchen nook. Split bedroom floor plan with a large primary room with a private bathroom including double vanity sinks, garden bathtub, separate tile shower, and a walk-in closet. There are 2 additional bedrooms and a full bathroom with updated vanity. Sliding glass doors from the living room opens to the screened lanai and backyard. This home also features a 2-car garage, low HOA, and has easy access to SR 408, Florida Turnpike, MetroWest golf course, shopping, and dining.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Winter Hill

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $69k343k

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

Neighborhood: Winter Hill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600170018001900Rent in $8951981

* 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
 

$251,010$306,790$278,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,029
Property Tax -$318
Property Insurance -$140
HOA -$17
Property Management Fees -$142
CASH FLOW
-$66

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.

$278,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 5.6%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,659

INVESTMENT

$79,659

Down Payment
$69,725
Rehab Estimate
$5,750
Closing Costs
$4,184

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,029

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,725
Loan Amount $209,175
See What Happens When You Reinvest Cash Flow

2.83

YEARS SAVED

$7,629

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,595

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,5803$1,6004$1,6505$1,895
$1,895
RENT COMPS ANALYSIS
  • 125 Killington Way Orlando, FL 2
    • 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,734 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.91
    •  
  • 8123 Wellsmere Cir Orlando, FL 1
    • 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,855 Sqft ∙ Built 1988
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.82
    •  
  • 8160 Saint Albans Dr Orlando, FL 3
    • 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,922 Sqft ∙ Built 1989
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 7900 Sweetgum Loop Orlando, FL 4
    • 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,673 Sqft ∙ Built 1986
    LEASED 10/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.99
    •  
  • 960 Summer Lakes Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,818 Sqft ∙ Built 1988
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.04
    •  
PROPERTY LISTING DETAILS
Veronica Figueroa
1.407.329.9500
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905988
Last Updated: 11/14/2020
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