Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 2004
- Price/Sqft : $167.80
- 7 Days on Market
- MLS # : O5920727
- Updated Date : 02/04/2021 at 16:51
CONSTRUCTION
- Beds : 4
- Floor Size : 2,258 sqft
- Baths : 2 full
Listing Agent
Re/max Properties Sw
Listing Agent's Description
With the limited inventory of 3-4 bedroom homes under $390.000 in Winter Garden, this beautiful pond front home will not last long. New 40 yr. Roof, Rear/Back fenced w/black aluminum (looks like wrought iron) fence for the little ones and pets. Office /Nursery/Gym can easily be turned back into 4th bedroom. Gorgeous sunrise views over lake/pond in back yard. Patio screened for privacy. California closets/shelving in all closets. A 4 ft. garage extension was added when built, so tons of extra storage space. Honestly - move in condition.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stoneybrook West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,060 |
| EXPENSES | Loan Payment | -$1,316 |
| Property Tax | -$417 | |
| Property Insurance | -$171 | |
| HOA | -$173 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$146
|
||
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.
$378,900
PROJECTED PRICE
$2,060
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$106,159
LOAN DETAILS
$1,316
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,725 |
| Loan Amount | $284,175 |
3.25
YEARS SAVED
$10,099
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,060
LIST RENT -
$0.91
LIST RENT PER SQFT
-
$2,055
COMP ESTIMATED VALUE -
$0.91
COMP AVG. RENT PER SQFT
Comps Range
-
14755 Masthead Landing Cir Winter Garden, FL 3
- 4 beds 2 baths ∙ 2,258 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,258 Sqft ∙ Built 2004
![property image]()
- Rent
- Rent Per SQFT
- $2,060
- $0.91
-
2315 Black Lake Blvd #7 Winter Garden, FL 1
- 4 beds 2 baths ∙ 2,161 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,161 Sqft ∙ Built 2006
![property image]()
LEASED 04/01/20- Rent
- Rent Per SQFT
- $1,940
- $0.90
-
1733 Woodlark Way Winter Garden, FL 2
- 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 2005 3 beds 2 baths ∙ 2,436 Sqft ∙ Built 2005
![property image]()
LEASED 08/13/20- Rent
- Rent Per SQFT
- $1,995
- $0.82
-
13242 Fox Glove St Winter Garden, FL 4
- 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2005
![property image]()
LEASED 09/23/20- Rent
- Rent Per SQFT
- $2,200
- $0.90
-
13212 Fox Glove St Winter Garden, FL 5
- 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,334 Sqft ∙ Built 2005
![property image]()
LEASED 11/16/20- Rent
- Rent Per SQFT
- $2,380
- $1.02
PROPERTY LISTING DETAILS
1.407.352.5800
Re/max Properties Sw
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5920727
Last Updated: 02/04/2021
