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13518 Gorgona Isle Dr Windermere, FL 34786

4 Beds 3 Baths 2,224 sqft Built 2017

$474,900

List Price

$2,390

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

January 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $213.53
  • 2 Days on Market
  • MLS # : O5917406
  • Updated Date : 01/17/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,224 sqft
  • Baths : 3 full
Listing Agent

Thomas Dondey Life Styles Inc

Listing Agent's Description

This one owner home is spotless. This home is loaded with upgrades both inside and outside. Stone elevation on the exterior with tile roof along with a full front porch just to name a few upgraded exterior features. Once inside you will notice the wood plank tile throughout the wet areas. The gourmet kitchen is a chefs favorite. Cabinets are 42" upgraded dark espresso with crown molding. Kitchen has a large sink/island area that works well when entertaining. The dark cabinets compliment the Stainless Steel Appliances. The Great room overlooks the private rear yard, along with the beautiful pond with fountain. In the background, all you will see is a conservation area with many, many beautiful trees. Sit on your patio and watch the Disney Fireworks right from your back yard. (When they return) The Master bedroom is definitely King sized and boasts a tray ceiling with large windows over looking the pond, fountain, and conservation area. The Master bath has double sinks, a large garden tub, and separate shower. The Master also has a large walk in closet. Bedroom two, offers a small suite with full bath and a walk in closet. Gas cooktop and tankless water heater for efficiency as well as blown in insulation makes this home extremely energy efficient. The back yard is fenced. Wonderful location next to Disney. Hamlin Town Center is a quick 10 minute drive. Winter Garden Village center is approximately 15 minutes away. Truly carefree living with the HOA maintaining your lawn as well as the common areas.

SEE MORE

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

Zip Code: 34786

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Zip Code: 34786

ZipNIR 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
 

$427,410$522,390$474,900

PURCHASE PRICE

$2,151$2,629$2,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,390
EXPENSES Loan Payment -$1,650
Property Tax -$556
Property Insurance -$169
HOA -$210
Property Management Fees -$129
CASH FLOW
-$324

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.

$474,900

PROJECTED PRICE

$2,390

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.1%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$131,599

INVESTMENT

$131,599

Down Payment
$118,725
Rehab Estimate
$5,750
Closing Costs
$7,124

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,650

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $118,725
Loan Amount $356,175
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,380

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,390

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $2,102

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,1504$2,3005$2,390
$2,390
RENT COMPS ANALYSIS
  • 13518 Gorgona Isle Dr Windermere, FL 5
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,390
    • $1.07
    •  
  • 13424 Hopkinton Windermere, FL 1
    • 4 beds 2 baths ∙ 2,190 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,190 Sqft ∙ Built 2005
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 8907 Frodsham Way Winter Garden, FL 2
    • 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 2017
    LEASED 12/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 8918 Doddington Way Winter Garden, FL 3
    • 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,197 Sqft ∙ Built 2018
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
  • 8562 Greenbank Blvd Windermere, FL 4
    • 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,343 Sqft ∙ Built 2004
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.98
    •  
PROPERTY LISTING DETAILS
Thomas Dondey
1.407.376.2164
Thomas Dondey Life Styles Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5917406
Last Updated: 01/17/2021
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