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12807 Woodmere Close Dr Windermere, FL 34786

3 Beds 3 Baths 2,627 sqft Built 2012

$474,000

List Price

$2,640

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $180.43
  • 4 Days on Market
  • MLS # : O5914999
  • Updated Date : 01/09/2021 at 17:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,627 sqft
  • Baths : 2 full , 1 half
Listing Agent

Castle Realty Professional Group Llc

Listing Agent's Description

One or more photo(s) has been virtually staged. Amazing 3 Bedroom, 2 ½ Bath, pool home with bonus room located in the desired Windermere, minutes from Walt Disney World, on private fenced conservation lot with no rear neighbors! This energy-efficient home offers an open floor plan with 2,627 square feet. Energy Efficiencies include the Ashton Woods Green Package with Double Pane Low-E windows and spray foam insulation. NEW AC, POOL PUMP AND SALT WATER SYSTEM. The gourmet kitchen features granite counter tops with oversized island, 42" cabinets, stainless steel appliances, gas cooktop, custom tile backsplash, walk-in pantry and many more. Master bedroom located on the first floor offers tray ceiling with crown molding, oversized walkin closet, huge master bath with double sinks. This ready to move in home Awaits YOU!!! call for details..

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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: Lake Sawyer South

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Neighborhood: Lake Sawyer South

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
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
 

$426,600$521,400$474,000

PURCHASE PRICE

$2,376$2,904$2,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,640
EXPENSES Loan Payment -$1,646
Property Tax -$555
Property Insurance -$193
HOA -$42
Property Management Fees -$129
CASH FLOW
$75

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.

$474,000

PROJECTED PRICE

$2,640

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.7%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$131,360

INVESTMENT

$131,360

Down Payment
$118,500
Rehab Estimate
$5,750
Closing Costs
$7,110

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,646

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,500
Loan Amount $355,500
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$33,612

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,640

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,496

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,295
1$2,2952$2,2953$2,4754$2,6405$2,700
$2,700
RENT COMPS ANALYSIS
  • 12807 Woodmere Close Dr Windermere, FL 4
    • 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2012 3 beds 3 baths ∙ 2,627 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,640
    • $1.00
    •  
  • 7623 Colbury Ave Windermere, FL 1
    • 4 beds 4 baths ∙ 2,628 Sqft ∙ Built 2010 4 beds 4 baths ∙ 2,628 Sqft ∙ Built 2010
    property image
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.87
    •  
  • 7439 Derexa Dr Windermere, FL 2
    • 4 beds 4 baths ∙ 2,469 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,469 Sqft ∙ Built 2008
    property image
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.93
    •  
  • 13314 Roxboro Rd Windermere, FL 3
    • 4 beds 4 baths ∙ 2,469 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,469 Sqft ∙ Built 2008
    property image
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.00
    •  
  • 7561 Colbury Ave Windermere, FL 5
    • 4 beds 4 baths ∙ 2,699 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,699 Sqft ∙ Built 2008
    property image
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.00
    •  
PROPERTY LISTING DETAILS
Jason Nagassar
1.407.810.5279
Castle Realty Professional Group Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5914999
Last Updated: 01/09/2021
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