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15613 Porter Rd Winter Garden, FL 34787

3 Beds 2 Baths 2,089 sqft Built 2015

$370,000

List Price

$2,120

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $177.12
  • 2 Days on Market
  • MLS # : O5905814
  • Updated Date : 11/14/2020 at 20:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,089 sqft
  • Baths : 2 full
Listing Agent

Bhhs Florida Realty

Listing Agent's Description

Beautiful 3 bedroom plus HUGE office/den in Fabulous Summerlake. A neighborhood with LOADS of amenities and walk tp neighborhood Elementary School. Enjoy the upcoming cool evenings on your L shaped front porch and Disney fireworks (when they return) :) Upgraded tile flooring set on diagonal throughout home except the bedrooms with carpet. Upon entering your new home, the office/den is to your right. Oversized (16x11) it can be used for multiple purposes....an office, den, home gym, craft room or could be made into a 4th bedroom if needed by adding door and closet. The kitchen is a dream with beautiful Espresso 42" cabinets with crown molding, upgraded tile backsplash, gleaming granite counters, large center island with seating bar, pre-wired for pendant lighting and oversized, corner, walk in pantry. Wide Open kitchen, Dining and GREAT room. The GREAT room has double sliders that open to a screened lanai and overlook the large back yard. The floating shelves in the Great Room may be left should buyers want them. The Master Retreat is King Sized and enjoys a HUGE walk in closet and Luxurious bath with Double sink vanity featuring espresso cabinets, granite counter and upgraded lights and fixtures. Shower and separate soaking tub with tile surround and beautiful listello banding. The secondary bedrooms are tucked down a small hall with beautiful bathroom featuring gentleman's height vanity and granite counter. The laundry is in this same area and includes the washer and dryer and an alcove for extra storage. The desk system in the office will remain should the buyer like. Super Energy efficient with natural gas range, dryer and tankless water heater, Double pane Low E windows and 15 SEER HVAC that has been maintained regularly. There is also the HomeTeam Pest Defense tubes in the wall that the owners use for pest control quarterly. Summerlake is a vibrant community with loads of amenities including a Resort Style pool with clubhouse and gym, Tennis Courts, Basketball Court, Zip line, Playground and Dog Park. Lawn maintenance is provided through the HOA so you have free time to relax and enjoy!

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

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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$333,000$407,000$370,000

PURCHASE PRICE

$1,908$2,332$2,120

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,120
EXPENSES Loan Payment -$1,365
Property Tax -$433
Property Insurance -$161
HOA -$188
Property Management Fees -$191
CASH FLOW
-$218

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.

$370,000

PROJECTED PRICE

$2,120

PROJECTED RENT

0.57%

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-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$103,800

INVESTMENT

$103,800

Down Payment
$92,500
Rehab Estimate
$5,750
Closing Costs
$5,550

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,365

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,500
Loan Amount $277,500
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,301

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,120

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,136

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1203$2,1504$2,2005$2,300
$2,300
RENT COMPS ANALYSIS
  • 15613 Porter Rd Winter Garden, FL 2
    • 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2015 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,120
    • $1.01
    •  
  • 8013 Woodstar Ln Winter Garden, FL 1
    • 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,089 Sqft ∙ Built 2018
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.01
    •  
  • 8174 Gray Kingbird Dr Winter Garden, FL 3
    • 3 beds 3 baths ∙ 2,054 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,054 Sqft ∙ Built 2018
    LEASED 11/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.05
    •  
  • 15481 Porter Rd Winter Garden, FL 4
    • 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,187 Sqft ∙ Built 2015
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.01
    •  
  • 8056 John Hancock Dr Winter Garden, FL 5
    • 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,260 Sqft ∙ Built 2017
    LEASED 06/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.02
    •  
PROPERTY LISTING DETAILS
Sherri Palmer
1.407.718.0412
Bhhs Florida Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905814
Last Updated: 11/14/2020
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