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152 Lakeview Reserve Blvd Winter Garden, FL 34787

4 Beds 2 Baths 1,853 sqft Built 2002

$299,900

List Price

$1,570

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $161.85
  • 3 Days on Market
  • MLS # : O5904509
  • Updated Date : 11/07/2020 at 12:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,853 sqft
  • Baths : 2 full
Listing Agent

Tara Moore Real Estate

Listing Agent's Description

**DOWNTOWN WINTER GARDEN GATED COMMUNITY** **NEW ROOF -- JULY 2019** **HUGE LOT -- NEARLY 1/4 ACRE** **FULLY FENCED & PRIVATE BACKYARD** **NO CARPET -- TILE & NEW LAMINATE FLOORING THROUGHOUT** *LOW HOA** Welcome to the gated & highly desired Lakeview Reserve community, nestled within Downtown Winter Garden and walking distance to the West Orange Trail...located right at the entrance to the community! Starting with beautiful curb appeal and a welcoming front entry, this move-in ready home is ready for a new owner! Fantastic & flexible floor plan...four bedrooms on a split plan, large open kitchen with center island that opens to the family room...PLUS a large open formal living and formal dining space. TONS of natural light throughout. The home sits on a spacious & private lot -- nearly 1/4 ACRE -- with a large storage shed as an added bonus! FULLY FENCED. LIVE the Florida lifestyle OUTDOORS. NEW ROOF in JULY 2019. NEW laminate flooring throughout living areas & bedrooms in AUGUST 2019...NO CARPET! LOW HOA -- only $175 per quarter. ENJOY the culture and lifestyle of Central Florida's most desirable and growing historic downtown...the West Orange Trail, HUGE weekly farmer's market, incredible annual festivals, shopping, dining, art gallery, the Crooked Can Brewery & Plant Street Market, parks and recreation...come JOIN THE FUN! Also conveniently located just minutes from the Winter Garden Village shopping center and highways for an easy commute to anywhere in Central Florida. WELCOME HOME!

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: Lakeview West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k361k

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

Neighborhood: Lakeview West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10282320

* 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
Tildenville Elementary School Primary Magnet 540 37 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Tildenville Elementary School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 37
8
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
 

$269,910$329,890$299,900

PURCHASE PRICE

$1,413$1,727$1,570

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,570
EXPENSES Loan Payment -$1,107
Property Tax -$330
Property Insurance -$147
HOA -$58
Property Management Fees -$141
CASH FLOW
-$213

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.

$299,900

PROJECTED PRICE

$1,570

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$85,224

INVESTMENT

$85,224

Down Payment
$74,975
Rehab Estimate
$5,750
Closing Costs
$4,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,107

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $74,975
Loan Amount $224,925
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,801

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,570

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,371

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,225
1$1,2252$1,3503$1,4004$1,5705$1,595
$1,595
RENT COMPS ANALYSIS
  • 152 Lakeview Reserve Blvd Winter Garden, FL 4
    • 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 2002
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,570
    • $0.85
    •  
  • 142 Desiree Aurora St Winter Garden, FL 1
    • 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,853 Sqft ∙ Built 2002
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,225
    • $0.66
    •  
  • 501 W Herriott Ave Oakland, FL 2
    • 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,650 Sqft ∙ Built 1982
    property image
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.82
    •  
  • 868 Bending Oak Trl Winter Garden, FL 3
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 2009
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.70
    •  
  • 638 Autumn Oaks Loop Winter Garden, FL 5
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.78
    •  
PROPERTY LISTING DETAILS
Tara Moore
1.407.765.3700
Tara Moore Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5904509
Last Updated: 11/07/2020
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