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1565 Springtime Loop Winter Park, FL 32792

3 Beds 2 Baths 1,527 sqft Built 1991

$280,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $183.37
  • 6 Days on Market
  • MLS # : O5913559
  • Updated Date : 12/30/2020 at 18:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,527 sqft
  • Baths : 2 full
Listing Agent

Smith Mcintosh Properties, Inc

Listing Agent's Description

Located in sought-after Winter Park, this Seminole County home is centrally located near the 417 which provides easy access to downtown Orlando and I-4. The community of Autumn Glen features a waterfront tennis court, playground, and picnic area. This single-story, split-floorplan home could be perfect for entertaining the family or guest with its own pool, hot tub, and potentially a game room within the family room. Call today to schedule your showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,033
Property Tax -$284
Property Insurance -$127
HOA -$43
Property Management Fees -$129
CASH FLOW
$3

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.

$280,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.58%

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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$20,616

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,630

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6203$1,7504$1,8305$1,895
$1,895
RENT COMPS ANALYSIS
  • 1565 Springtime Loop Winter Park, FL 2
    • 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,527 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.06
    •  
  • 1971 Aster Dr Winter Park, FL 1
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1982
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 2185 Shadyhill Ter Winter Park, FL 3
    • 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,684 Sqft ∙ Built 1987
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.04
    •  
  • 4040 Waterview Loop Winter Park, FL 4
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1990
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $1.11
    •  
  • 3650 Jonquil Ln Winter Park, FL 5
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1982
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.15
    •  
PROPERTY LISTING DETAILS
Kelli Peery
1.256.658.6378
Smith Mcintosh Properties, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913559
Last Updated: 12/30/2020
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