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16245 Wind View Ln Winter Garden, FL 34787

6 Beds 5 Baths 2,886 sqft Built 2016

INVESTimate

$458,000

List Price

$2,720

$2,470 - $2,970

Rent Est.

$487,266  ( +6.39%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $158.70
  • 8 Days on Market
  • MLS # : O5886404
  • Updated Date : 08/21/2020 at 11:06
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,886 sqft
  • Baths : 5 full
Listing Agent

American Realty Experts Inc

Listing Agent's Description

Home Built in 2016 located in a great neighborhood with access to 2 community pools and gyms. Near parks and entertainment. Home features 6 bedrooms, 5 bathrooms, 2 car garage with large backyard. This home includes a large brick covered front porch, and enclosed rear porch . One of the bedrooms is located on the 1st floor with a full bath, the other 5 are upstairs along with a laundry room and sink. The community access to 2 resort-style pools, 2 clubhouses, fitness centers in each, putting green, pickleball, volleyball, grill and picnic areas, walking trails, playground, tennis courts, breathtaking water views throughout the entire community. Backyard features fruit trees that already bear fruit so you could enjoy them for years to come. Home includes water filtration system through the whole house . Recent appraisal came in for $459,792. Seller is motivated! Bring all offers!

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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
 

$412,200$503,800$458,000

PURCHASE PRICE

$2,448$2,992$2,720

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,690
Property Tax -$536
Property Insurance -$209
HOA -$224
Property Management Fees -$245
CASH FLOW
-$184

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.

$458,000

PROJECTED PRICE

$2,720

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$127,120

INVESTMENT

$127,120

Down Payment
$114,500
Rehab Estimate
$5,750
Closing Costs
$6,870

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,690

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $114,500
Loan Amount $343,500
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$9,726

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,720

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,771

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,350
1$2,3502$2,7203$2,9504$3,000
$3,000
RENT COMPS ANALYSIS
  • 16245 Wind View Ln Winter Garden, 2
    • 6 beds 5 baths ∙ 2,886 Sqft ∙ Built 2016 6 beds 5 baths ∙ 2,886 Sqft ∙ Built 2016
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.94
    •  
  • 15487 Porter Rd Winter Garden, 1
    • 5 beds 4 baths ∙ 2,620 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,620 Sqft ∙ Built 2015
    property image
    LEASED 05/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 6431 Makrut Lime Dr Winter Garden, 3
    • 5 beds 5 baths ∙ 3,008 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,008 Sqft ∙ Built 2018
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.98
    •  
  • 6413 Flat Lemon Dr Winter Garden, 4
    • 5 beds 5 baths ∙ 3,008 Sqft ∙ Built 2019 5 beds 5 baths ∙ 3,008 Sqft ∙ Built 2019
    property image
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.00
    •  
PROPERTY LISTING DETAILS
Abel Henriquez
1.954.303.7079
American Realty Experts Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886404
Last Updated: 08/21/2020
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