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14755 Masthead Landing Cir Winter Garden, FL 34787

4 Beds 2 Baths 2,258 sqft Built 2004

$378,900

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
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

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

Neighborhood: Stoneybrook West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $110k414k

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

Neighborhood: Stoneybrook West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292342

* 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
Whispering Oak Elementary School Primary Regular 812 50 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Whispering Oak Elementary School

  • Education Level: Primary
  • # of students: 812
  • # of teachers: 50
9
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
 

$341,010$416,790$378,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$106,159

INVESTMENT

$106,159

Down Payment
$94,725
Rehab Estimate
$5,750
Closing Costs
$5,684

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,316

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $94,725
Loan Amount $284,175
See What Happens When You Reinvest Cash Flow

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
$1,940
1$1,9402$1,9953$2,0604$2,2005$2,380
$2,380
RENT COMPS ANALYSIS
  • 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
Paul Mcgarigal
1.407.352.5800
Re/max Properties Sw
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5920727
Last Updated: 02/04/2021
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