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

15480 Sandfield Loop Winter Garden, FL 34787

4 Beds 3 Baths 2,574 sqft Built 2013

$499,000

List Price

$2,590

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $193.86
  • 3 Days on Market
  • MLS # : O5909817
  • Updated Date : 12/05/2020 at 09:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,574 sqft
  • Baths : 3 full
Listing Agent

Era Grizzard Real Estate

Listing Agent's Description

Welcome to your piece of paradise in one of the nation's most desired growing communities located in beautiful Winter Garden. It's clear as you enter the quaint gated community, the pride of home ownership among the well maintained properties. Nestled in the back of the neighborhood, beautiful curb appeal of the stone pavers lining the drive and walkways leading to the adorable front porch. Inside you are taken with high ceilings, gorgeous wood flooring and natural lighting of the separated space for living/dining or whatever your dreams dictate. The framed view of the pool area draws you in on a sunny day. Once in the main family and kitchen areas, the real show stopper. Excellent entertaining open floor plan and a huge kitchen island every chef dreams of for prep and service. Enter the covered lanai with heated pool and spa and take in the quietness and tall trees which make up the conservation area directly behind the property. Outdoor fun is a must in the fenced backyard. Finally the 3 way split bedroom plan is perfect for retreating to your private quarters and the Owner's suite is the perfect in to every day. Practically speaking, energy efficient windows, new pool heater, freshly painted exterior, epoxy garage floor, security system, Nest Thermostat, Ring Door System and turn key home. Excellent Location with eateries, shopping and top schools.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Winter Garden

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Neighborhood: Winter Garden

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
Whispering Oak Elementary School Primary Regular 812 50 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Whispering Oak Elementary School

  • Education Level: Primary
  • # of students: 812
  • # of teachers: 50
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
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,331$2,849$2,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,590
EXPENSES Loan Payment -$1,841
Property Tax -$549
Property Insurance -$190
HOA -$117
Property Management Fees -$129
CASH FLOW
-$236

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.

$499,000

PROJECTED PRICE

$2,590

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.5%
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$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,841

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$15,369

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,590

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,432

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,175
1$2,1752$2,2253$2,2504$2,4005$2,590
$2,590
RENT COMPS ANALYSIS
  • 15480 Sandfield Loop Winter Garden, FL 5
    • 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,574 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $2,590
    • $1.01
    •  
  • 4355 Old Sycamore Loop Winter Garden, FL 1
    • 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,254 Sqft ∙ Built 2015
    LEASED 03/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,175
    • $0.96
    •  
  • 1040 Vinsetta Cir Winter Garden, FL 2
    • 5 beds 3 baths ∙ 2,481 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,481 Sqft ∙ Built 2015
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,225
    • $0.90
    •  
  • 1940 Jean Marie Dr Winter Garden, FL 3
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2007
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.93
    •  
  • 1919 Kodsi Ct Winter Garden, FL 4
    • 3 beds 3 baths ∙ 2,435 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,435 Sqft ∙ Built 2006
    LEASED 11/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.99
    •  
PROPERTY LISTING DETAILS
Chanda Mccollom
1.352.217.1410
Era Grizzard Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5909817
Last Updated: 12/05/2020
BESbswy