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14024 Eylewood Dr Winter Garden, FL 34787

3 Beds 2 Baths 1,746 sqft Built 2002

$329,900

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $188.95
  • 2 Days on Market
  • MLS # : O5921312
  • Updated Date : 02/06/2021 at 12:21
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,746 sqft
  • Baths : 2 full
Listing Agent

Lakeside Realty Windermere Inc

Listing Agent's Description

Conveniently located at the front of the community, this 3 bedroom, 2 bathroom home features numerous updates throughout. ALL MAJOR UPGRADES TAKEN CARE OF- BRAND NEW ROOF JAN 2021, NEW HOT WATER HEATER 2019, NEW LAMINATE WOOD FLOORING 2018, NEW PAINT 2018 AND NEW AIR CONDITIONER 2016! The open floor plan includes a stunning kitchen with Corian countertops, large pantry, bar top and breakfast nook. Enjoy a large master bedroom with spacious master bathroom including large walk-in closet and dual vanity with separate shower and jacuzzi tub. New stylish laminate wood flooring with ceiling fans throughout. Relax on the spacious enclosed paver patio and much more. This gated community offers unsurpassed amenities including a state-of-the art fitness center, Olympic size community pool, kiddie pool, multiple playground areas, field hockey rink, tennis, volleyball, and basketball courts. Convenient access to 429. HOA FEE INCLUDES BASIC CABLE & HIGH SPEED INTERNET.

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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: Stoneybrook West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $110k414k

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

Neighborhood: Stoneybrook West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292342

* 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
Whispering Oak Elementary School Primary Regular 812 50 9
Sunridge Middle School Middle Unknown 1,260 64 NA
West Orange High School High Regular 3,835 178 6

Whispering Oak Elementary School

  • Education Level: Primary
  • # of students: 812
  • # of teachers: 50
9
GreatSchools Rating

Sunridge Middle School

  • Education Level: Middle
  • # of students: 1,260
  • # of teachers: 64
NA
GreatSchools Rating

West Orange High School

  • Education Level: High
  • # of students: 3,835
  • # of teachers: 178
6
GreatSchools Rating
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,146
Property Tax -$363
Property Insurance -$140
HOA -$170
Property Management Fees -$129
CASH FLOW
-$88

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.

$329,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.3%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,234

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,401

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,195
1$1,1952$1,4003$1,4954$1,5005$1,860
$1,860
RENT COMPS ANALYSIS
  • 14024 Eylewood Dr Winter Garden, FL 5
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.07
    •  
  • 1596 Sherbourne St Winter Garden, FL 1
    • 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,594 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,195
    • $0.75
    •  
  • 2112 Oakington St Winter Garden, FL 2
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2001
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.84
    •  
  • 2124 Oakington St Winter Garden, FL 3
    • 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 2001
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.82
    •  
  • 1168 Hawkslade Ct Winter Garden, FL 4
    • 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.80
    •  
PROPERTY LISTING DETAILS
Chad Robertson
1.407.509.9184
Lakeside Realty Windermere Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921312
Last Updated: 02/06/2021
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