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14047 Aldford Dr Winter Garden, FL 34787

3 Beds 3 Baths 2,226 sqft Built 2016

$409,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 19, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $183.74
  • 2 Days on Market
  • MLS # : O5912194
  • Updated Date : 12/19/2020 at 14:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,226 sqft
  • Baths : 2 full , 1 half
Listing Agent

Orca Homes, Llc

Listing Agent's Description

Latham Park community gem is located-in the increasingly popular Hamlin area of Winter Garden and it has it all! Near top-rated schools, shopping, and entertainment, enjoy Disney's nightly fireworks on an oversized lot. This beautiful Ashton Woods home boasts a large open floor plan, walk-in pantry, upgraded tile in wet areas, wrought iron staircase, spacious walk-in master shower, extended driveway, mudroom, and plenty of space for entertaining. Included in this home are a G.E. water softener system, beautiful stainless steel Samsung refrigerator, Whirlpool kitchen appliances, and custom woodwork in accented areas. You deserve this home, make your appointment today!

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: 34787

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Zip Code: 34787

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292322

* 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
 

$368,100$449,900$409,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,509
Property Tax -$479
Property Insurance -$169
HOA -$79
Property Management Fees -$129
CASH FLOW
-$245

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.

$409,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.4%
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$114,135

INVESTMENT

$114,135

Down Payment
$102,250
Rehab Estimate
$5,750
Closing Costs
$6,135

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,509

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $102,250
Loan Amount $306,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$9,416

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,131

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,1003$2,1204$2,1505$2,250
$2,250
RENT COMPS ANALYSIS
  • 14047 Aldford Dr Winter Garden, FL 3
    • 3 beds 3 baths ∙ 2,226 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,226 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $0.95
    •  
  • 8907 Frodsham Way Winter Garden, FL 1
    • 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,195 Sqft ∙ Built 2017
    LEASED 12/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 9307 Mira Valle Ln Winter Garden, FL 2
    • 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,072 Sqft ∙ Built 2015
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.01
    •  
  • 8918 Doddington Way Winter Garden, FL 4
    • 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
    •  
  • 14202 Shocklach Dr Winter Garden, FL 5
    • 3 beds 3 baths ∙ 2,426 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,426 Sqft ∙ Built 2018
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
PROPERTY LISTING DETAILS
Ali Mazahaem Flores
1.407.485.4177
Orca Homes, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5912194
Last Updated: 12/19/2020
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