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14012 Fairwinds Ct Orlando, FL 32824

4 Beds 3 Baths 2,510 sqft Built 2001

$399,000

List Price

$1,840

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $158.96
  • 7 Days on Market
  • MLS # : O5922381
  • Updated Date : 02/09/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,510 sqft
  • Baths : 3 full
Listing Agent

Korr Realty Corp

Listing Agent's Description

Very Spacious 4 Bedroom 3 Full bathroom home. Located in La Ventana.The home features an open floor plan, downstairs master bedroom, tinted windows, 2 spacious bedrooms upstairs. Enjoy your cup of coffee on the back covered patio overlooking the large fully fenced back yard! Walking distance to Oakshire Elementary School, 15 minute drive to Orlando Attractions, 45 minutes to some of Florida's best beaches. Don't miss this opportunity to own this magnificent home.

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: Willow Pond

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k324k

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

Neighborhood: Willow Pond

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $10001795

* 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
Oakshire Elementary School Primary Regular 619 40 8
Meadow Woods Middle School Middle Regular 1,036 61 3
Cypress Creek High School High Magnet 3,124 148 5

Oakshire Elementary School

  • Education Level: Primary
  • # of students: 619
  • # of teachers: 40
8
GreatSchools Rating

Meadow Woods Middle School

  • Education Level: Middle
  • # of students: 1,036
  • # of teachers: 61
3
GreatSchools Rating

Cypress Creek High School

  • Education Level: High
  • # of students: 3,124
  • # of teachers: 148
5
GreatSchools Rating
 

$359,100$438,900$399,000

PURCHASE PRICE

$1,656$2,024$1,840

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,840
EXPENSES Loan Payment -$1,386
Property Tax -$446
Property Insurance -$186
HOA -$35
Property Management Fees -$129
CASH FLOW
-$342

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.

$399,000

PROJECTED PRICE

$1,840

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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-$8.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,485

INVESTMENT

$111,485

Down Payment
$99,750
Rehab Estimate
$5,750
Closing Costs
$5,985

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,386

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,750
Loan Amount $299,250
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,840

    LIST RENT
  • $0.73

    LIST RENT PER SQFT
  • $2,014

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,840
1$1,8402$1,9503$1,9594$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 14012 Fairwinds Ct Orlando, FL 1
    • 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $1,840
    • $0.73
    •  
  • 838 Whispering Cypress Ln Orlando, FL 2
    • 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,510 Sqft ∙ Built 2001
    LEASED 12/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.78
    •  
  • 826 Whispering Cypress Ln Orlando, FL 3
    • 5 beds 3 baths ∙ 2,446 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,446 Sqft ∙ Built 2002
    LEASED 08/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,959
    • $0.80
    •  
  • 15 Windrose Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,524 Sqft ∙ Built 2005
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.79
    •  
  • 215 Windrose Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 2007
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.84
    •  
PROPERTY LISTING DETAILS
Christian Leonard
1.724.902.9207
Korr Realty Corp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5922381
Last Updated: 02/09/2021
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