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14160 Shocklach Dr Winter Garden, FL 34787

4 Beds 4 Baths 2,689 sqft Built 2018

$485,000

List Price

$2,400

$2.2K - $2.6K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2018
  • Price/Sqft : $180.36
  • 2 Days on Market
  • MLS # : O5903019
  • Updated Date : 11/02/2020 at 19:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,689 sqft
  • Baths : 3 full , 1 half
Listing Agent

Creegan Property Group

Listing Agent's Description

The beauty is in the details. Expect to be delighted as you walk throughout this gorgeous, meticulously updated 4 bedroom, 3.5 bath, including a DETACHED APARTMENT, home. Built in 2018 by Ashton Woods, the “Chambord” design features just under 2,700 square feet of OPEN FLOOR PLAN and perfectly designed living space. Upon entering the home, you find yourself next to the formal dining room/private study. A short walkthrough the butler pantry and you will enter the IMPRESSIVELY upgraded GOURMET KITCHEN. Stainless steel appliances, gas stove, see-through Kingsdale custom cabinets, and a 30” farmhouse sink with gold faucet are just a few of the additions. Oh, and of course QUARTZ counter tops, which cover every counter top in the main house. The first floor features luxury, designer wood-like vinyl flooring throughout. This high quality flooring is durable, waterproof and gorgeous. Before heading upstairs, make sure you take a moment to have a seat and enjoy a sip of your favorite beverage in the reading nook. You’ll love taking selfies against the designer “Magnolia” accent wall by Joanna Gaines. Upstairs are 3 bedrooms including the private owner’s suite and luxury, custom designed, private bath. The perfectly tiled walk-in shower and separate soaking tub welcome you home at the end of everyday. If all that wasn’t enough, in the back of the property is where this uniquely designed home really goes over the top, literally. Above the detached garage is a MASSIVE upgrade with the private APARTMENT. Featuring a living room, bedroom, and full bathroom, this incredible space makes for a great private studio, side-hustle office space, guest bedroom, or maybe you’d like help paying your monthly mortgage and rent the space out! Latham Park HOA provides its homeowners with community amenities such as a park, playground, community pool, and cabana. This home is truly a gem. Schedule your private showing today.

SEE MORE

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

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
 

$436,500$533,500$485,000

PURCHASE PRICE

$2,160$2,640$2,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,400
EXPENSES Loan Payment -$1,789
Property Tax -$568
Property Insurance -$197
HOA -$79
Property Management Fees -$216
CASH FLOW
-$449

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.

$485,000

PROJECTED PRICE

$2,400

PROJECTED RENT

0.49%

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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$134,275

INVESTMENT

$134,275

Down Payment
$121,250
Rehab Estimate
$5,750
Closing Costs
$7,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,789

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $121,250
Loan Amount $363,750
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,565

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,400

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,474

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2503$2,3004$2,3955$2,400
$2,400
RENT COMPS ANALYSIS
  • 14160 Shocklach Dr Winter Garden, FL 5
    • 4 beds 4 baths ∙ 2,689 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,689 Sqft ∙ Built 2018
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.89
    •  
  • 14640 Spotted Sandpiper Blvd Winter Garden, FL 1
    • 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,394 Sqft ∙ Built 2014
    property image
    LEASED 07/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.92
    •  
  • 14202 Shocklach Dr Winter Garden, FL 2
    • 3 beds 3 baths ∙ 2,426 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,426 Sqft ∙ Built 2018
    property image
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
  • 14487 Windsor Hall Way Winter Garden, FL 3
    • 3 beds 3 baths ∙ 2,458 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,458 Sqft ∙ Built 2016
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.94
    •  
  • 8073 Bowery Dr Winter Garden, FL 4
    • 4 beds 4 baths ∙ 2,695 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,695 Sqft ∙ Built 2016
    property image
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.89
    •  
PROPERTY LISTING DETAILS
Chris Creegan
1.407.509.2159
Creegan Property Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903019
Last Updated: 11/02/2020
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