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1596 Lawndale Cir Winter Park, FL 32792

3 Beds 2 Baths 1,271 sqft Built 1984

$284,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $223.45
  • 2 Days on Market
  • MLS # : O5902660
  • Updated Date : 11/02/2020 at 18:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,271 sqft
  • Baths : 2 full
Listing Agent

Wemert Group Realty Llc

Listing Agent's Description

One or more photo(s) has been virtually staged. **EASY TO SHOW!!** This WELL-MAINTAINED and UPDATED beauty in desirable Country Lane in Winter Park is ready for its new owner! Relax in your new, bright ideal OPEN FLOOR PLAN featuring HARDWOOD FLOORS, VAULTED CEILINGS, and many windows allowing natural light to shine in! Spacious LIVING and DINING areas provide a great space to gather with family or entertain friends and flow naturally into the kitchen. The EAT IN KITCHEN is well equipped with quality appliances, plenty of cabinet space, SOLID SURFACE COUNTERS and a lovely window over the sink! The generous PRIMARY SUITE will quickly become your favorite place to unwind at the end of a long day featuring fantastic NATURAL LIGHT via a large SLIDING GLASS DOOR, a PRIVATE PATIO, crown molding and completely UPDATED EN-SUITE BATH. The delightful EN-SUITE delivers ample storage space, a beautiful large TILED SHOWER with SEAMLESS GLASS DOORS and a SECOND SET of SLIDING GLASS DOORS for access to the private patio! This appealing home also offers two secondary bedrooms and a SECOND FULL BATH, also updated. A SCREENED SIDE PORCH is the perfect quiet spot to sip a cup of coffee in the morning and it opens up to a WOOD DECK for additional seating overlooking the fully FENCED BACKYARD with a POND VIEW! The desirable LAKEFRONT community of COUNTRY LANE in WINTER PARK offers a fishing pier, tennis courts, and a playground! Zoned for sought-after SEMINOLE COUNTY SCHOOLS, only 2 minutes from Eastbrook Elementary. Nearby UCF, ROLLINS, FULL SAIL, shopping, dining, and highways 417 and I-4 for easy access to anywhere in the greater Orlando area. Don’t wait to make this charming home yours and live in the heart of Winter Park!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Country Lane

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $106k331k

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

Neighborhood: Country Lane

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7732089

* 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
Eastbrook Elementary School Primary Regular 809 57 5
Tuskawilla Middle School Middle Regular 1,080 57 5
Lake Howell High School High Regular 2,229 117 6

Eastbrook Elementary School

  • Education Level: Primary
  • # of students: 809
  • # of teachers: 57
5
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
 

$255,600$312,400$284,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$1,048
Property Tax -$284
Property Insurance -$112
HOA -$40
Property Management Fees -$134
CASH FLOW
-$127

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.

$284,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.0%
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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,010

INVESTMENT

$81,010

Down Payment
$71,000
Rehab Estimate
$5,750
Closing Costs
$4,260

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,048

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,000
Loan Amount $213,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,433

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,214

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,050
1$1,0502$1,3003$1,3004$1,3005$1,490
$1,490
RENT COMPS ANALYSIS
  • 1596 Lawndale Cir Winter Park, FL 5
    • 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,271 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $1.17
    •  
  • 7401 Grand Ave Winter Park, FL 1
    • 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,118 Sqft ∙ Built 1975
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,050
    • $0.94
    •  
  • 7353 Grand Ave Winter Park, FL 2
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1982
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.00
    •  
  • 7422 Grand Ave Winter Park, FL 3
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1975
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 2841 Buccaneer Dr Winter Park, FL 4
    • 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,332 Sqft ∙ Built 1983
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jennifer Wemert
1.407.777.4248
Wemert Group Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5902660
Last Updated: 11/02/2020
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