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

16084 Bayou Crest Dr Winter Garden, FL 34787

4 Beds 4 Baths 2,477 sqft Built 2018

INVESTimate

$375,000

List Price

$2,300

$2,070 - $2,530

Rent Est.

$398,963  ( +6.39%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2018
  • Price/Sqft : $151.39
  • 9 Days on Market
  • MLS # : O5885914
  • Updated Date : 08/20/2020 at 15:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,477 sqft
  • Baths : 3 full , 1 half
Listing Agent

Bhhs Results Realty

Listing Agent's Description

Nearly NEW, 4 Bedroom 3 ½ Bath home in the highly desirable Horizon West community/ Waterleigh, just minutes from Disney World. From the Peaceful, Double Fountain entrance, Waterleigh features 2 Amazing clubhouse's with resort style pools, fitness centers, putt putt golf, beach volleyball, tennis, playground(s), dog park(s), a private dock, walking trails, and more. Step in from the inviting front porch to the foyer and see that this home has a first floor bedroom with ensuite Bath that would make a great in-law suite, large family room, kitchen with island for counter stools, dining area, ½ bath, drop zone, covered patio and rear entry garage. The 2nd floor has a spacious loft, 2 more bedrooms, another full bath and the large master bedroom. This community is NOT zoned for Short Term Rentals. Convenient to the 429, Theme Parks, Downtown Winter Garden, Winter Garden Village, NEW schools and more, this home is a must see and ready for a new owner.

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$337,500$412,500$375,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,384
Property Tax -$440
Property Insurance -$184
HOA -$182
Property Management Fees -$207
CASH FLOW
-$97

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.

$375,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.39%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$105,125

INVESTMENT

$105,125

Down Payment
$93,750
Rehab Estimate
$5,750
Closing Costs
$5,625

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,384

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $93,750
Loan Amount $281,250
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$11,161

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,415

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,3003$2,4504$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 16084 Bayou Crest Dr Winter Garden, 2
    • 4 beds 4 baths ∙ 2,477 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,477 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.93
    •  
  • 10278 Spring Shores Dr Winter Garden, 1
    • 4 beds 4 baths ∙ 2,487 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,487 Sqft ∙ Built 2017
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.92
    •  
  • 16283 Pebble Bluff Loop Winter Garden, 3
    • 4 beds 4 baths ∙ 2,477 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,477 Sqft ∙ Built 2018
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.99
    •  
  • 16236 Outlook Shr Winter Garden, 4
    • 4 beds 4 baths ∙ 2,489 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,489 Sqft ∙ Built 2018
    LEASED 07/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.98
    •  
  • 16348 Brisk Breeze Aly Winter Garden, 5
    • 4 beds 4 baths ∙ 2,477 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,477 Sqft ∙ Built 2018
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.01
    •  
PROPERTY LISTING DETAILS
Suzanne Swyers
1.407.222.2926
Bhhs Results Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5885914
Last Updated: 08/20/2020
BESbswy