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PROPERTY INFO
FACTS
- Single Family
- Built In 2005
- Price/Sqft : $181.15
- 3 Days on Market
- MLS # : O5917121
- Updated Date : 01/15/2021 at 20:41
CONSTRUCTION
- Beds : 4
- Floor Size : 2,594 sqft
- Baths : 3 full , 1 half
Listing Agent
Summerside Realty Llc
Listing Agent's Description
Welcome home to the desirable gated Preserve at the Lakes of Windermere. Located on a quiet cul de sac, this beautiful two-story, 4 bedroom, 3 and ½ bath home has been immaculately cared for by the original owners. It is situated on an oversized, extensively landscaped corner lot and includes a spacious 3 car garage. Step into an open and bright foyer and living room featuring 18’ ceilings with gorgeous marble look tile throughout the first floor living area. The kitchen has been updated with granite countertops and center island and is open to the family room which makes it perfect for entertaining. The master suite is located downstairs and features a large bathroom with a garden tub and a separate shower. The laundry room is also on the first level and has added cabinets for extra storage space. On the second floor are three additional bedrooms and two full baths,recently remodeled. The upstairs bonus room/loft is a great place for a play area or a movie theater. One bedroom has its own bathroom which makes this a perfect, private guest suite. Ceiling fans in each bedroom, loft and family room. Sliding doors from the kitchen and family room lead you to a sparkling pool and screen enclosed lanai. Perfect view of the Disney fireworks from your own backyard! Brand new roof installed in November, 2020, as well as new exterior paint. The neighborhood features an extra large community pool, picnic area, playground and gazebo overlooking a beautiful pond. Excellent location close to shopping, restaurants, A-rated schools and of course, Disney! Call today to schedule a visit!
SEE MORE
- 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: Peachtree
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Peachtree
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,360 |
| EXPENSES | Loan Payment | -$1,632 |
| Property Tax | -$551 | |
| Property Insurance | -$191 | |
| HOA | -$125 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$268
|
||
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.
$469,900
PROJECTED PRICE
$2,360
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 5.5% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$130,274
LOAN DETAILS
$1,632
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $117,475 |
| Loan Amount | $352,425 |
2.33
YEARS SAVED
$8,142
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,360
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,361
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
13418 Hopkinton Ct Windermere, FL 3
- 4 beds 4 baths ∙ 2,594 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,594 Sqft ∙ Built 2005
- Rent
- Rent Per SQFT
- $2,360
- $0.91
-
8512 Abbotsbury Dr Windermere, FL 1
- 4 beds 4 baths ∙ 2,599 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,599 Sqft ∙ Built 2004
LEASED 01/01/21- Rent
- Rent Per SQFT
- $2,200
- $0.85
-
8669 Abbotsbury Dr Windermere, FL 2
- 4 beds 4 baths ∙ 2,550 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,550 Sqft ∙ Built 2004
LEASED 08/15/20- Rent
- Rent Per SQFT
- $2,295
- $0.90
-
13426 Chariho Ln Windermere, FL 4
- 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 2005
LEASED 04/13/20- Rent
- Rent Per SQFT
- $2,400
- $0.92
-
8631 Greenbank Blvd Windermere, FL 5
- 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2004
LEASED 08/01/20- Rent
- Rent Per SQFT
- $2,600
- $0.97
PROPERTY LISTING DETAILS
1.407.758.2714
Summerside Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5917121
Last Updated: 01/15/2021
