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1533 Mistflower Ln Winter Garden, FL 34787

5 Beds 3 Baths 2,511 sqft Built 2005

$368,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $146.56
  • 40 Days on Market
  • MLS # : O5898553
  • Updated Date : 11/19/2020 at 12:49
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,511 sqft
  • Baths : 3 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

**PRICE IMPROVEMENT** Master Bedroom to be freshly painted this week! Looking for a home located nearby to one of the most sought out downtown areas in the Greater Orlando market? With downtown Winter Garden offering a 22 mile nature walk, spectacular Farmer's Market, on-going events and jam packed with other recreational activities- walk the pathway through the park across the street that leads straight to it. Welcome to this spectacular 5 bedroom, 3 bath home located in the Trails of Winter Garden. Great for entertaining guests as the open kitchen allows you to overlook into the living room area or have a more formal get together in the separate dining room. Follow through the split floor plan and enter outside into a very spacious and peaceful backyard fully fenced in! Take a walk upstairs that could be used for a 5th master bedroom for yourself, for guests, or even a media room! Need a large workspace or just more room to park your cars? Utilize the large 3 car garage any way you would like! This home also features a 2018 roof, air conditioning unit just replaced this year (that comes with a 10 year warranty for parts one year warranty for labor- transferred to you), newly installed granite counter tops in the kitchen and bathrooms, stainless steel appliance, and no carpet throughout! Schedule your showing today and see it for yourself! https://www.zillow.com/view-3d-home/110eafc6-9a0b-410a-9979-aaa24c25fca9/?utm_source=captureapp *3D Tour*

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Trails of Winter Garden

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Neighborhood: Trails of Winter Garden

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292320

* 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
William S Maxey Elementary School Primary Regular 271 21 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

William S Maxey Elementary School

  • Education Level: Primary
  • # of students: 271
  • # of teachers: 21
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
 

$331,200$404,800$368,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,358
Property Tax -$412
Property Insurance -$186
HOA -$52
Property Management Fees -$193
CASH FLOW
-$60

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.

$368,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.58%

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-$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$103,270

INVESTMENT

$103,270

Down Payment
$92,000
Rehab Estimate
$5,750
Closing Costs
$5,520

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,358

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,000
Loan Amount $276,000
See What Happens When You Reinvest Cash Flow

3.58

YEARS SAVED

$14,756

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,128

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,0503$2,1404$2,2005$2,245
$2,245
RENT COMPS ANALYSIS
  • 1533 Mistflower Ln Winter Garden, FL 3
    • 5 beds 3 baths ∙ 2,511 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,511 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.85
    •  
  • 1078 Woodson Hammock Cir Winter Garden, FL 1
    • 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2001
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.79
    •  
  • 1544 Mistflower Ln Winter Garden, FL 2
    • 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,348 Sqft ∙ Built 2005
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.87
    •  
  • 1407 Mistflower Ln Winter Garden, FL 4
    • 5 beds 3 baths ∙ 2,469 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,469 Sqft ∙ Built 2005
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 1650 Lindzlu St Winter Garden, FL 5
    • 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2005
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.84
    •  
PROPERTY LISTING DETAILS
Justin Adams
1.407.257.9737
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5898553
Last Updated: 11/19/2020
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