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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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Trails of Winter Garden
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$103,270
LOAN DETAILS
$1,358
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $92,000 |
| Loan Amount | $276,000 |
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
-
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
1.407.257.9737
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5898553
Last Updated: 11/19/2020
