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12969 Overstreet Rd Windermere, FL 34786

4 Beds 3 Baths 2,461 sqft Built 2008

$369,900

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

November 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2008
  • Price/Sqft : $150.30
  • 4 Days on Market
  • MLS # : O5905557
  • Updated Date : 11/12/2020 at 18:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,461 sqft
  • Baths : 2 full , 1 half
Listing Agent

Shorestone Property Group

Listing Agent's Description

This meticulously maintained home is nestled away in the exclusive community of The Lakes of Windermere. The inviting covered porch is perfect for watching the world go by on crisp fall evenings. Inside, the soaring ceilings add to the spacious floor plan that features a great room as well as family room. You will love the chef's kitchen complete with quartz counter tops and plenty of storage space. The butler's pantry connects to the oversized laundry room and there is an additional walk in pantry. Upgraded wood flooring flows through the open floor plan that is perfect for entertaining and there is ceramic tile in the wet areas. The 4 bedrooms are oversized with walk in closets and the master suite even has two walk in closets! There is a rear entry garage, with a driveway for additional parking and a private fenced in backyard and covered porch. There is even a whole house water filtration system Just minutes from shopping, dining and all that Windermere has to offer! This home has it all! Welcome home.

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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: 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
 

$332,910$406,890$369,900

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 -$1,365
Property Tax -$433
Property Insurance -$183
HOA -$70
Property Management Fees -$203
CASH FLOW
-$4

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.

$369,900

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$103,774

INVESTMENT

$103,774

Down Payment
$92,475
Rehab Estimate
$5,750
Closing Costs
$5,549

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,475
Loan Amount $277,425
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$19,110

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
  • $2,473

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,250
1$2,2502$2,2953$2,3754$2,4755$2,700
$2,700
RENT COMPS ANALYSIS
  • 12969 Overstreet Rd Windermere, FL 1
    • 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,461 Sqft ∙ Built 2008
    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
    •  
  • 12803 Holdenbury Ln Windermere, FL 3
    • 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 4
    • 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
    •  
  • 6935 Corley Ave Windermere, FL 5
    • 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,493 Sqft ∙ Built 2013
    property image
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.08
    •  
PROPERTY LISTING DETAILS
Tania Crandall
1.407.452.9818
Shorestone Property Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905557
Last Updated: 11/12/2020
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