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12860 Penshurst Ln Windermere, FL 34786

4 Beds 3 Baths 2,460 sqft Built 2003

$367,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $149.19
  • 6 Days on Market
  • MLS # : O5908125
  • Updated Date : 11/25/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,460 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Charming 1 story hone in Lakes of Windermere! Located on a quiet street across from a lovely treed park, this traditional elevation has a nice covered front porch, laminate floors in LR, DR, Kitchen and FR, neutral decor, large master suite with tub shower and double vanity, inside laundry, all appliances including washer and dryer, covered rear porch, enclosed rear yard with vinyl fence, A/C 2019. 2 car real alley access, community pool and playground and more. Won't last!

SEE MORE

PRICE & RENT TRENDS

Neighborhood: Lakes of Windermere

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Neighborhood: Lakes of Windermere

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
 

$330,300$403,700$367,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,354
Property Tax -$427
Property Insurance -$183
HOA -$73
Property Management Fees -$203
CASH FLOW
$10

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.

$367,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,005

INVESTMENT

$103,005

Down Payment
$91,750
Rehab Estimate
$5,750
Closing Costs
$5,505

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,750
Loan Amount $275,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$20,101

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,399

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2953$2,2954$2,3755$2,475
$2,475
RENT COMPS ANALYSIS
  • 12860 Penshurst Ln Windermere, FL 1
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.91
    •  
  • 12631 Overstreet Rd Windermere, FL 2
    • 3 beds 3 baths ∙ 2,399 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,399 Sqft ∙ Built 2008
    property image
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
  • 12508 Cragside Ln Windermere, FL 3
    • 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2007
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
  • 12803 Holdenbury Ln Windermere, FL 4
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2006
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.97
    •  
  • 7006 Mapperton Dr Windermere, FL 5
    • 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,460 Sqft ∙ Built 2004
    property image
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.01
    •  
PROPERTY LISTING DETAILS
George Stringer
1.407.222.7047
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5908125
Last Updated: 11/25/2020
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