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

15229 Evergreen Oak Loop Winter Garden, FL 34787

3 Beds 3 Baths 2,199 sqft Built 2016

$335,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $152.34
  • 2 Days on Market
  • MLS # : O5911195
  • Updated Date : 12/12/2020 at 19:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,199 sqft
  • Baths : 2 full , 1 half
Listing Agent

The Wilkins Way Llc

Listing Agent's Description

Location, Location, Location...Winter Garden! Beautiful home, only 4 years young! Stacked stone home with welcoming front porch to watch the beautiful daily sunsets. Porcelain tile throughout the first floor with open concept, oversized Kitchen/Dining/Family Room, perfect for entertaining. Flex room has built-in wall bed ideal for overnight guests but still spacious for daily living. Charming, fenced back patio with brick pavers, perfect for the chilly nights around the fire - create your own oasis. Upstairs are 3 bedrooms plus laundry room. Main bedroom is en-suite with large walk-in closet, secondary bedroom has oversized walk-in closet, and third bedroom is large and bright. INDEPENDENCE is a great community with a lot of amenities. Included in HOA: 2 pools, 2 boat launches to Lake Speer, 2 fitness centers, 2 dog parks, free game room, bike path, high speed internet, premium cable with HBO, and more! Conveniently located only minutes to 429 and Florida Turnpike, 15 minutes to Disney, 5 minutes to Hamlin Grove, walk to Horizons West Regional Park, less than 15 minutes to Winter Garden Village, and less than 20 minutes to downtown Winter Garden. Top rated schools - walk or bike to Elementary and Middle schools.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
Keene's Crossing Elementary School Primary Regular 1,191 78 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Keene's Crossing Elementary School

  • Education Level: Primary
  • # of students: 1,191
  • # of teachers: 78
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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,236
Property Tax -$392
Property Insurance -$168
HOA -$170
Property Management Fees -$129
CASH FLOW
$15

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.

$335,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.63%

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$0.0$5.0k$10k$15k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$23,104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $2,133

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$2,090
1$2,0902$2,1103$2,1504$2,2755$2,300
$2,300
RENT COMPS ANALYSIS
  • 15229 Evergreen Oak Loop Winter Garden, FL 2
    • 3 beds 3 baths ∙ 2,199 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,199 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.96
    •  
  • 15117 Bridgewater Crossings Blvd Winter Garden, FL 1
    • 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2016
    LEASED 02/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.94
    •  
  • 5612 Laurel Cherry Ave Winter Garden, FL 3
    • 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,203 Sqft ∙ Built 2015
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
  • 15055 Driftwater Dr Winter Garden, FL 4
    • 4 beds 2 baths ∙ 2,375 Sqft ∙ Built 2017 4 beds 2 baths ∙ 2,375 Sqft ∙ Built 2017
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,275
    • $0.96
    •  
  • 5648 Water Pier Ln Winter Garden, FL 5
    • 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,304 Sqft ∙ Built 2014
    LEASED 11/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
PROPERTY LISTING DETAILS
Karen Wilkins
1.850.284.3143
The Wilkins Way Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911195
Last Updated: 12/12/2020
BESbswy