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13418 Lake Turnberry Cir Orlando, FL 32828

3 Beds 2 Baths 1,853 sqft Built 2000

$339,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $182.95
  • 4 Days on Market
  • MLS # : O5920604
  • Updated Date : 02/04/2021 at 15:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,853 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Advantage 2 Realty

Listing Agent's Description

Come and see this charming, Mediterranean style, move-in ready home located in exclusive, resort style of Turnberry Pointe in the EASTWOOD Golf Community. This well-appointed 3 bedroom, 2 bath home seeks new ownership and it is immaculate inside and out. As you walk in you'll see this lovely home presents 14' ceilings with a generous amount of windows that offers an abundance of natural light through its open spaces. The carpeted living room has sliding glass doors that takes you out to the Lanai to enjoy the Florida weather. The living room faces east for early morning sun views but with shaded temperatures in the summer evenings. You'll see beautiful tile floors throughout the kitchen, foyer and hallways. The large kitchen is equipped with plenty of maple wood cabinets and counter space, a kitchen island, separate pantry and breakfast nook. The beautiful master bedroom has tray ceilings and sliding doors that also leads you out to the Lanai. The spacious master bathroom has his and hers vanities, a garden bathtub, a glass brick window for extra lighting and separate glass shower. All of the bedrooms have planter shelves, ceiling fans and carpeting. The oversized 2-car garage door is built to 160 mph wind standards. In addition the Lennox brand AC is maintained yearly and has a 19 CER rating with a 2 speed compressor and humidity control. The attic has been refreshed with Pink Panther blown insulation, R-30 value. The Eastwood Community offers Playground, Tennis Courts, and Basketball Courts with Excellent Schools. Turnberry Pointe has its own Private community pool with a Cabana and bathrooms just across the street. Turnberry Point HOA takes care of ALL lawn maintenance on a weekly basis including mowing, edging, trimming, and seasonal fertilizing. It also includes annual professional roof cleaning, Cable and High Speed Internet. This is truly Florida living at its finest. This fabulous East Orlando location is minutes from Waterford Town Center with all its dining, shopping and entertainment options. Easy access to highways 408, 417 and 528. Within 30 minutes of Orlando International Airport and downtown! Easy commute to the beaches and space coast. See it today!!

SEE MORE

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: Turnberry Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k394k

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

Neighborhood: Turnberry Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292089

* 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
Sunrise Elementary School Primary Regular 484 35 7
Discovery Middle School Middle Regular 907 56 5
Timber Creek High School High Regular 3,132 161 8

Sunrise Elementary School

  • Education Level: Primary
  • # of students: 484
  • # of teachers: 35
7
GreatSchools Rating

Discovery Middle School

  • Education Level: Middle
  • # of students: 907
  • # of teachers: 56
5
GreatSchools Rating

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,177
Property Tax -$386
Property Insurance -$147
HOA -$142
Property Management Fees -$129
CASH FLOW
-$250

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.

$339,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.1%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,372

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,742

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6963$1,7004$1,7005$1,730
$1,730
RENT COMPS ANALYSIS
  • 13418 Lake Turnberry Cir Orlando, FL 5
    • 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,853 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.93
    •  
  • 13533 Waterhouse Way Orlando, FL 1
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 1998
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 107 Razorbill Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,743 Sqft ∙ Built 1995
    LEASED 11/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,696
    • $0.97
    •  
  • 13743 Waterhouse Way Orlando, FL 3
    • 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,021 Sqft ∙ Built 1996
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 13541 Waterhouse Way Orlando, FL 4
    • 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 1996 3 beds 3 baths ∙ 1,727 Sqft ∙ Built 1996
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.98
    •  
PROPERTY LISTING DETAILS
John Kelson
1.321.439.4936
Keller Williams Advantage 2 Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5920604
Last Updated: 02/04/2021
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