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1518 Lawndale Cir Winter Park, FL 32792

3 Beds 2 Baths 1,271 sqft Built 1984

$289,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 01, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $227.38
  • 4 Days on Market
  • MLS # : O5903064
  • Updated Date : 11/02/2020 at 11:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,271 sqft
  • Baths : 2 full
Listing Agent

G3 Land Company Llc

Listing Agent's Description

This adorable Winter Park gem in the desirable community of Country Lane is loaded with upgrades and the perfect starter, young family or retirement home. This cute contemporary home features a new roof (2019), new water heater (2019), attractive brand new custom two toned kitchen cabinets with gorgeous granite countertops and stainless steel appliances (2018). Comfy fireplace. Hardwood floors (bamboo). New front door, and front window. Newly painted exterior and interior (2018). Large outdoor backyard with mature trees and shade, perfect for pergola, swingset, family time and pets. Enjoy your morning coffee in your intimate courtyard off your master bedroom. The covered patio is perfect for bbq and entertaining. Move in ready and convenient to Winter Park, Semoran (436), Winter Springs, Aloma (426). Zoned Seminole County. Enjoy the common area lakeside park, new playground, tennis courts and soccer field. Wont last.

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: Country Lane

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $106k331k

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

Neighborhood: Country Lane

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7732089

* 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
Eastbrook Elementary School Primary Regular 809 57 5
Tuskawilla Middle School Middle Regular 1,080 57 5
Lake Howell High School High Regular 2,229 117 6

Eastbrook Elementary School

  • Education Level: Primary
  • # of students: 809
  • # of teachers: 57
5
GreatSchools Rating

Tuskawilla Middle School

  • Education Level: Middle
  • # of students: 1,080
  • # of teachers: 57
5
GreatSchools Rating

Lake Howell High School

  • Education Level: High
  • # of students: 2,229
  • # of teachers: 117
6
GreatSchools Rating
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$1,066
Property Tax -$289
Property Insurance -$112
HOA -$41
Property Management Fees -$131
CASH FLOW
-$188

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.

$289,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$3,514

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,214

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,3003$1,3004$1,3005$1,450
$1,450
RENT COMPS ANALYSIS
  • 1518 Lawndale Cir Winter Park, FL 5
    • 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.14
    •  
  • 7401 Grand Ave Winter Park, FL 1
    • 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1975
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.94
    •  
  • 7353 Grand Ave Winter Park, FL 2
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1982
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.00
    •  
  • 7422 Grand Ave Winter Park, FL 3
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1975
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 2841 Buccaneer Dr Winter Park, FL 4
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1983
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.98
    •  
PROPERTY LISTING DETAILS
Annette Gangale
1.407.529.7913
G3 Land Company Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903064
Last Updated: 11/02/2020
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