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1613 Mistflower Ln Winter Garden, FL 34787

4 Beds 3 Baths 2,559 sqft Built 2005

$368,999

List Price

$2,170

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 22, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $144.20
  • 6 Days on Market
  • MLS # : O5912933
  • Updated Date : 12/22/2020 at 03:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,559 sqft
  • Baths : 3 full
Listing Agent

Baird Realty, Llc

Listing Agent's Description

This spacious split plan corner lot home offers 4 bedrooms and 3 bathrooms. The second bedroom has a private full bathroom as well. This set up is perfect for Grandparents/relatives who need their own privacy when visiting. As you enter this single story home you notice the 10’ ceilings and plenty of living space that leads to the kitchen. The Kitchen offers granite counter tops, beautiful cabinets, and stainless steal appliance. The two car garage is also very spacious and offers easy access to the utility room. Washer and Dryer will stay. The covered oversized back patio is screened in. This private area is perfect for family gatherings, or just to get away to watch the big game. The back yard has a large white vinyl fence with two full sized gates. Excellent area for pets or to just relax in privacy. The air conditioner has been replaced and upgraded. This home is minutes from downtown Winter Garden, and also is walking distance to the 22 mile nature walk (West Orange trail). Downtown Winter Garden offers a spectacular Farmer's Market, on-going events and is jam packed with other recreational activities.

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: Trails of Winter Garden

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Neighborhood: Trails of Winter Garden

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292320

* 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
William S Maxey Elementary School Primary Regular 271 21 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

William S Maxey Elementary School

  • Education Level: Primary
  • # of students: 271
  • # of teachers: 21
8
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
 

$332,099$405,899$368,999

PURCHASE PRICE

$1,953$2,387$2,170

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,170
EXPENSES Loan Payment -$1,361
Property Tax -$406
Property Insurance -$189
HOA -$52
Property Management Fees -$129
CASH FLOW
$33

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.

$368,999

PROJECTED PRICE

$2,170

PROJECTED RENT

0.59%

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) 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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,361

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $92,250
Loan Amount $276,749
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$29,148

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,170

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,162

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,1503$2,1704$2,2005$2,245
$2,245
RENT COMPS ANALYSIS
  • 1613 Mistflower Ln Winter Garden, FL 3
    • 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,559 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,170
    • $0.85
    •  
  • 1078 Woodson Hammock Cir Winter Garden, FL 1
    • 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2001
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.79
    •  
  • 1754 Americus Minor Dr Winter Garden, FL 2
    • 4 beds 2 baths ∙ 2,487 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,487 Sqft ∙ Built 2001
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.86
    •  
  • 1407 Mistflower Ln Winter Garden, FL 4
    • 5 beds 3 baths ∙ 2,469 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,469 Sqft ∙ Built 2005
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 1650 Lindzlu St Winter Garden, FL 5
    • 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2005
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.84
    •  
PROPERTY LISTING DETAILS
Anthony Malioras
1.407.690.9146
Baird Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5912933
Last Updated: 12/22/2020
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