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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34787
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$114,135
LOAN DETAILS
$1,509
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $102,250 |
| Loan Amount | $306,750 |
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
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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
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- Rent Per SQFT
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- $0.95
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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
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- $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
1.407.485.4177
Orca Homes, Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5912194
Last Updated: 12/19/2020
