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14254 Murcott Blossom Blvd Winter Garden, FL 34787

4 Beds 3 Baths 2,108 sqft Built 2017

$372,500

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2017
  • Price/Sqft : $176.71
  • 2 Days on Market
  • MLS # : S5041938
  • Updated Date : 11/07/2020 at 12:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,108 sqft
  • Baths : 2 full , 1 half
Listing Agent

La Rosa Realty, Llc

Listing Agent's Description

This wonderful 4-bed, 3-bath home with a park-like view in the front yard and located in Disney’s backyard. This one is completely MOVE-IN READY and going to go quickly. Inside, you have lots of natural light and tile floors throughout the main living areas. Your open-concept kitchen boasts stainless steel appliances, granite counters, and a center island with seating for a crowd. The kitchen is connected to the generous living room and dining room, which opens up to the brick paver patio for summer cookouts. Also outback, you’ve got a 2-car garage with built-in storage and a $5000 water purification and softener system. Returning inside, a laundry/storage room, and a bedroom (perfect for vacationing friends and family) round out the first level. Head upstairs to find a cool loft area that could be your office, man cave, playroom, or gym. Down the hall, the master wing of the home has an ensuite with dual sinks and a separate glass-door shower. The two other guest rooms share a hallway bath. Lakeview Pointe is one of the most sought after developments in Winter Garden for a reason! The amenities include an awesome community center, a huge pool, a fitness center, a playground, a fishing dock on the lake, and best of all, the landscaping maintenance is included in the HOA. Call for a tour now before someone else does!

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
 

$335,250$409,750$372,500

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,374
Property Tax -$436
Property Insurance -$162
HOA -$219
Property Management Fees -$195
CASH FLOW
-$217

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.

$372,500

PROJECTED PRICE

$2,170

PROJECTED RENT

0.58%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$104,463

INVESTMENT

$104,463

Down Payment
$93,125
Rehab Estimate
$5,750
Closing Costs
$5,588

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,374

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,125
Loan Amount $279,375
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,271

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $2,161

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0003$2,1004$2,1705$2,200
$2,200
RENT COMPS ANALYSIS
  • 14254 Murcott Blossom Blvd Winter Garden, FL 4
    • 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,108 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $1.03
    •  
  • 14296 Murcott Blossom Blvd Winter Garden, FL 1
    • 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 2018 3 beds 3 baths ∙ 1,950 Sqft ∙ Built 2018
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
  • 14745 Spotted Sandpiper Blvd Winter Garden, FL 2
    • 3 beds 2 baths ∙ 2,049 Sqft ∙ Built 2013 3 beds 2 baths ∙ 2,049 Sqft ∙ Built 2013
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 14576 Spotted Sandpiper Blvd Winter Garden, FL 3
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2012 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 2012
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.04
    •  
  • 14155 Lakeview Park Rd Winter Garden, FL 5
    • 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,088 Sqft ∙ Built 2017
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.05
    •  
PROPERTY LISTING DETAILS
Matthew Baribeau
1.407.462.5146
La Rosa Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5041938
Last Updated: 11/07/2020
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