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
15718 Signature Dr 
Winter Garden, FL
34787
3 Beds 2 Baths 1,920 sqft
Built 2011
INVESTimate
$324,900
List Price
$91,849
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Built In 2011
- Price/Sqft : $169.22
- 2 Days on Market
- MLS # : O5887581
- Updated Date : 08/26/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,920 sqft
- Baths : 2 full
Listing Agent
Prestige Property Shop Llc
Listing Agent's Description
Beautiful One-Story 3-bedroom, 2-bath Home with 2-car garage. This open concept kitchen features granite countertops, stainless appliances and tile floors. The formal living room features laminate flooring and plenty of natural light. Spacious Master suite with laminated floors and a tiled Master bathroom. Other Master Suite Features include: separate tub and shower, double sinks, 2 closets and more. The screened rear patio with large white vinyl fenced backyard. Community HOA features included: cable, internet, along with 2 community pools, fitness center, tennis and basketball courts, water skiing, jet skiing and fishing access to Lake Speer. Just minutes to the Winter Garden Village, attractions, major roads, schools and shopping. Come home to New Independence
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Signature Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Signature Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,920 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$380 | |
| Property Insurance | -$151 | |
| HOA | -$167 | |
| Property Management Fees | -$173 | |
|
CASH FLOW
-$150
|
||
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.
$324,900
PROJECTED PRICE
$1,920
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 5.10% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,849
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,225 |
| Loan Amount | $243,675 |
2.08
YEARS SAVED
$5,650
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,920
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,910
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
15718 Signature Dr Winter Garden, 3
- 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,920 Sqft ∙ Built 2011
- Rent
- Rent Per SQFT
- $1,920
- $1.00
-
6317 Manuscript St Winter Garden, 1
- 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,950 Sqft ∙ Built 2012
LEASED 08/02/19- Rent
- Rent Per SQFT
- $1,850
- $0.95
-
5563 New Independence Pkwy Winter Garden, 2
- 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,758 Sqft ∙ Built 2011
LEASED 07/24/20- Rent
- Rent Per SQFT
- $1,850
- $1.05
-
14495 Whittridge Dr Winter Garden, 4
- 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,026 Sqft ∙ Built 2006
LEASED 08/30/19- Rent
- Rent Per SQFT
- $1,995
- $0.98
-
5743 New Independence Pkwy Winter Garden, 5
- 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 2011 3 beds 2 baths ∙ 2,007 Sqft ∙ Built 2011
LEASED 04/02/20- Rent
- Rent Per SQFT
- $1,999
- $1.00
PROPERTY LISTING DETAILS
1.407.221.5908
Prestige Property Shop Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5887581
Last Updated: 08/26/2020
