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13998 Darchance Rd Windermere, FL 34786

4 Beds 4 Baths 2,623 sqft Built 2007

$459,900

List Price

$2,450

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2007
  • Price/Sqft : $175.33
  • 4 Days on Market
  • MLS # : O5919807
  • Updated Date : 01/28/2021 at 21:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,623 sqft
  • Baths : 3 full , 1 half
Listing Agent

Vintage Properties Group

Listing Agent's Description

Impressive 4 bedroom, 3.5 bathroom, oversized corner lot, pond view, 2-story home located in Windermere's Berkshire Park Subdivision. Steps from the Theme Parks, this well-maintained block home has eye-catching laminate wood floors downstairs, crown moulding and wood trim details, upgraded stainless steel appliances, granite counters, roll-out drawers in the kitchen cabinets, beautiful natural light, and a large wrap-around, screened-in back porch. The bedrooms are upstairs including the spacious master retreat with walk-in closet. Bedrooms 2 & 3 share a Jack-and-Jill bathroom, while the fourth bedroom has its own ensuite bathroom. Have a peace of mind when your children or pets are playing in the large fenced-in backyard. The garage features a sizable storage closet. Enjoy evening walks along the bike trail and cool off in the community pool, both close to home. The community features a large pool, playground, basketball, and tennis courts – plus a mini putting green. The location couldn't be more convenient with stores, restaurants, a gym, daycare center, nail salons, dry cleaners, carwash, banks, ice cream shops, and much more located less than two miles away in the Lakeside Village Shopping Center. The home exterior was painted in 2018.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

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
Sunset Park Elementary School Primary Regular 1,242 83 7
Bridgewater Middle School Middle Regular 1,373 72 6
Windermere High School High Regular NA

Sunset Park Elementary School

  • Education Level: Primary
  • # of students: 1,242
  • # of teachers: 83
7
GreatSchools Rating

Bridgewater Middle School

  • Education Level: Middle
  • # of students: 1,373
  • # of teachers: 72
6
GreatSchools Rating

Windermere High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$413,910$505,890$459,900

PURCHASE PRICE

$2,205$2,695$2,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,450
EXPENSES Loan Payment -$1,597
Property Tax -$539
Property Insurance -$193
HOA -$45
Property Management Fees -$129
CASH FLOW
-$53

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.

$459,900

PROJECTED PRICE

$2,450

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.7%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$127,624

INVESTMENT

$127,624

Down Payment
$114,975
Rehab Estimate
$5,750
Closing Costs
$6,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,597

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $114,975
Loan Amount $344,925
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$21,850

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,450

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,446

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3503$2,4504$2,4755$2,600
$2,600
RENT COMPS ANALYSIS
  • 13998 Darchance Rd Windermere, FL 3
    • 4 beds 4 baths ∙ 2,623 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,623 Sqft ∙ Built 2007
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.93
    •  
  • 13317 Riggs Way Windermere, FL 1
    • 4 beds 4 baths ∙ 2,750 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,750 Sqft ∙ Built 2007
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.84
    •  
  • 7343 Derexa Dr Windermere, FL 2
    • 4 beds 4 baths ∙ 2,612 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,612 Sqft ∙ Built 2007
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 13314 Roxboro Rd Windermere, FL 4
    • 4 beds 4 baths ∙ 2,469 Sqft ∙ Built 2008 4 beds 4 baths ∙ 2,469 Sqft ∙ Built 2008
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,475
    • $1.00
    •  
  • 13222 Roskin Ln Windermere, FL 5
    • 4 beds 4 baths ∙ 2,628 Sqft ∙ Built 2007 4 beds 4 baths ∙ 2,628 Sqft ∙ Built 2007
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
PROPERTY LISTING DETAILS
Paul Giles
1.407.467.1587
Vintage Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5919807
Last Updated: 01/28/2021
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