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15781 Shaddock Dr Winter Garden, FL 34787

4 Beds 3 Baths 2,214 sqft Built 2019

$420,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $189.70
  • 19 Days on Market
  • MLS # : O5908129
  • Updated Date : 12/11/2020 at 19:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,214 sqft
  • Baths : 3 full
Listing Agent

Wra Real Estate Solutions Llc

Listing Agent's Description

This beautiful home is located in Hamlin Reserve. This open floor plan offers vinyl wood flooring throughout the main area, upgraded cabinets and countertops, stainless steel appliances, and lots of natural light. The living room and dining room combo is great to receive friends over and enjoy. You will have a secondary bedroom with a full bath and two additional great sized bedrooms a third full bath. A covered patio gives you a shaded place to gather with friends and family plus a fully fenced backyard. Community offers a community pool, dog park and playground for residents to enjoy. Conveniently located less than 10 minutes to Disney, minutes from Orange County National Golf Center, Winter Garden Village and close to a variety of other shopping & dining! Easy access to 429, HWY 192, SR 417, and I-4. You cannot miss this opportunity.

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

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
Keene's Crossing Elementary School Primary Regular 1,191 78 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Keene's Crossing Elementary School

  • Education Level: Primary
  • # of students: 1,191
  • # of teachers: 78
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
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,550
Property Tax -$492
Property Insurance -$168
HOA -$97
Property Management Fees -$129
CASH FLOW
-$406

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$420,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.48%

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) 3.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$113,300

INVESTMENT

$113,300

Down Payment
$105,000
Rehab Estimate
$2,000
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,697

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,275

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,030
1$2,0302$2,1503$2,2504$2,3005$2,300
$2,300
RENT COMPS ANALYSIS
  • 15781 Shaddock Dr Winter Garden, FL 1
    • 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,214 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.92
    •  
  • 15223 Shonan Gold Dr Winter Garden, FL 2
    • 3 beds 4 baths ∙ 2,124 Sqft ∙ Built 2018 3 beds 4 baths ∙ 2,124 Sqft ∙ Built 2018
    property image
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.01
    •  
  • 15349 Shonan Gold Dr Winter Garden, FL 3
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2020 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2020
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.02
    •  
  • 6305 Hamlin Reserve Blvd Winter Garden, FL 4
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2019
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
  • 15409 Shonan Gold Dr Winter Garden, FL 5
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 2019
    property image
    LEASED 11/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.04
    •  
PROPERTY LISTING DETAILS
Viviane Rocha
1.407.558.1180
Wra Real Estate Solutions Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5908129
Last Updated: 12/11/2020
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