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1533 Springtime Loop Winter Park, FL 32792

3 Beds 2 Baths 1,192 sqft Built 1989

$289,500

List Price

$1,480

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $242.87
  • 3 Days on Market
  • MLS # : O5915463
  • Updated Date : 01/16/2021 at 13:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,192 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Residential Re

Listing Agent's Description

Welcome to your new home!! Are your bags packed? This Charming 3 bedroom, 2 Bath POOL home in Autumn Glen is sure to wow you. Escape from all of the hustle and bustle of every day life and come relax in this gorgeous saltwater pool and spa. Put your feet up on the sofa under the pergola, throw some steaks on the built in grill on the summer kitchen and let your worries waste away. Fantastic neighborhood and perfect house. Move in ready! Decorated so tastefully, including new contemporary light fixtures and gray paint. This is a solid block home with a 2 car garage and fenced in yard. The eat in kitchen has corian countertops, a stainless fridge and dishwasher and it overlooks the large family room with soaring vaulted ceilings. Kitchen also has a breakfast bar and dining area connects to family room. Plenty of space to enjoy your time with your familly and friends. Split plan. Expresso wood laminate and tile flooring thru out, no carpets to worry about!!! Custom framework around windows and door ways and new 6 inch baseboards. French doors, tongue and groove ceilings under the covered porch make such a statement. Brand new wine bar including cabinetry, custom shelving, storage and wine fridge. Seminole County Schools. Minutes from Park Avenue and Oviedo.

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: Autumn Glen

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $110k331k

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

Neighborhood: Autumn Glen

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8822089

* 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
Red Bug Elementary School Primary Regular 827 58 8
Tuskawilla Middle School Middle Regular 1,080 57 5
Lake Howell High School High Regular 2,229 117 6

Red Bug Elementary School

  • Education Level: Primary
  • # of students: 827
  • # of teachers: 58
8
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
 

$260,550$318,450$289,500

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$1,006
Property Tax -$289
Property Insurance -$107
HOA -$43
Property Management Fees -$129
CASH FLOW
-$94

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.

$289,500

PROJECTED PRICE

$1,480

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 11.3%
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

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$82,468

INVESTMENT

$82,468

Down Payment
$72,375
Rehab Estimate
$5,750
Closing Costs
$4,343

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,006

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,375
Loan Amount $217,125
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$10,266

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $1.24

    LIST RENT PER SQFT
  • $1,347

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,463
1$1,4632$1,4803$1,5394$1,6645$1,700
$1,700
RENT COMPS ANALYSIS
  • 1533 Springtime Loop Winter Park, FL 2
    • 3 beds 2 baths ∙ 1,192 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,192 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $1.24
    •  
  • 1199 Sawmill Ct Winter Park, FL 1
    • 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,282 Sqft ∙ Built 1984
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,463
    • $1.14
    •  
  • 1784 Meadowgold Ln Winter Park, FL 3
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1986
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,539
    • $1.13
    •  
  • 3030 Moss Valley Pl Winter Park, FL 4
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1985
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,664
    • $1.16
    •  
  • 3620 Oak Vista Ln Winter Park, FL 5
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1984
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.10
    •  
PROPERTY LISTING DETAILS
Jayme Stenger
1.407.925.1576
Coldwell Banker Residential Re
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915463
Last Updated: 01/16/2021
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