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13251 Strode Ln Windermere, FL 34786

3 Beds 2 Baths 2,160 sqft Built 2008

INVESTimate

$375,000

List Price

$2,080

$1,872 - $2,288

Rent Est.

$392,700  ( +4.72%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2008
  • Price/Sqft : $173.61
  • 9 Days on Market
  • MLS # : O5882741
  • Updated Date : 08/19/2020 at 15:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,160 sqft
  • Baths : 2 full
Listing Agent

Folio Realty Llc

Listing Agent's Description

Welcome to this immaculate & cozy 3bed/2bath Pulte home in the highly desirable Berkshire Park. LOCATION! LOCATION! LOCATION! Home is located half a block/short walk from beautiful Community Pool area. Large covered patio area greets you as you approach – ideal area to relax with your morning coffee or HH after long day of work or just to sit and enjoy the outdoors & neighbors. Enter the home & be greeting by a spacious, living/dining room combo & stairs to the bonus room….Dining/Living area leads to a beautiful open area which includes kitchen, dinette and family room overlooking extended lanai. Kitchen features, 42” maple cabinets, lots of granite counter top, island, closet pantry, flat top range, lots of natural light—opening to dinette & family room—ideal for entertaining family & friends---open sliding doors to extended covered & screened lanai and have more entertaining space!! Master Suite overlooking yard features spacious room with bamboo flooring, custom walk-in closet, Master Bath with double vanities, garden tub & walk in shower. The two secondary bedrooms each feature closet & share a full bath. Upstairs, the light & airy all/any purpose bonus room is spacious-ideal as a teen suite/media room, playroom, hobby room or classroom! Enjoy the privacy of the outdoors the extended, screened pavered lanai, landscape & vinyl fenced yard. Create your own little resort around the custom-built hot tub (new motor recently installed)—Berkshire Park offers its residents a lovely community pool featuring lap lanes, shallow & deep areas—covered lounging area, putting green and tarp-covered playground…Near all amenities, major roads, theme parks, highly rated schools & dining. Original owners looking for new owners so they can go on their next adventure!!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,384
Property Tax -$439
Property Insurance -$165
HOA -$42
Property Management Fees -$187
CASH FLOW
-$137

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.

$375,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.72%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$10,052

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,165

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,0754$2,0805$2,200
$2,200
RENT COMPS ANALYSIS
  • 13251 Strode Ln Windermere, 4
    • 3 beds 2 baths ∙ 2,160 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,160 Sqft ∙ Built 2008
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.96
    •  
  • 13088 Kegan St Windermere, 1
    • 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2015
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.01
    •  
  • 7381 Fairgrove Ave Windermere, 2
    • 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,076 Sqft ∙ Built 2015
    LEASED 07/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.96
    •  
  • 7449 Ella Ln Windermere, 3
    • 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,982 Sqft ∙ Built 2015
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $1.05
    •  
  • 7867 Berkshire Oak Alley Windermere, 5
    • 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,231 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.99
    •  
PROPERTY LISTING DETAILS
Tae Harper
1.407.341.3625
Folio Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5882741
Last Updated: 08/19/2020
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