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16245 Wind View Ln Winter Garden, FL 34787

6 Beds 5 Baths 2,884 sqft Built 2016

$438,900

List Price

$2,720

$2.5K - $3K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $152.18
  • 3 Days on Market
  • MLS # : O5904439
  • Updated Date : 11/07/2020 at 01:00
CONSTRUCTION
  • Beds : 6
  • Floor Size : 2,884 sqft
  • Baths : 5 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful 6 bedroom, 5 bathroom, two-story home in the wonderful community of Waterleigh in Winter Garden. Upon entering the home, one will notice the large brick covered front porch. The home features a large foyer with archways leading to the spacious family room and kitchen with tile flooring throughout. The kitchen boasts granite countertops, stainless steel appliances, decorative backsplash, 42" cabinets, and a center island that seats two. The main floor also features a guest bedroom and a full bathroom. The second floor features the primary bedroom with tray ceilings and a private bathroom with two large walk-in closets, double vanity sinks, and a separate tiled shower. Outside the primary bedroom are 4 generously sized bedrooms, 3 full bathrooms, and a laundry room. Sliding glass doors from the kitchen opens to the screened lanai and large backyard. Waterleigh is located in Winter Garden and has a beautiful clubhouse with resort-style pool, putt-putt golf, beach volleyball, and is conveniently located to SR 429 and theme parks.

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

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
 

$395,010$482,790$438,900

PURCHASE PRICE

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

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,720
EXPENSES Loan Payment -$1,619
Property Tax -$514
Property Insurance -$209
HOA -$225
Property Management Fees -$245
CASH FLOW
-$91

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.

$438,900

PROJECTED PRICE

$2,720

PROJECTED RENT

0.62%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,059

INVESTMENT

$122,059

Down Payment
$109,725
Rehab Estimate
$5,750
Closing Costs
$6,584

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,619

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,725
Loan Amount $329,175
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$14,549

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
  • $2,769

    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, FL 2
    • 6 beds 5 baths ∙ 2,884 Sqft ∙ Built 2016 6 beds 5 baths ∙ 2,884 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,720
    • $0.94
    •  
  • 15487 Porter Rd Winter Garden, FL 1
    • 5 beds 4 baths ∙ 2,620 Sqft ∙ Built 2015 5 beds 4 baths ∙ 2,620 Sqft ∙ Built 2015
    LEASED 05/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
  • 6431 Makrut Lime Dr Winter Garden, FL 3
    • 5 beds 5 baths ∙ 3,008 Sqft ∙ Built 2018 5 beds 5 baths ∙ 3,008 Sqft ∙ Built 2018
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,950
    • $0.98
    •  
  • 6413 Flat Lemon Dr Winter Garden, FL 4
    • 5 beds 5 baths ∙ 3,008 Sqft ∙ Built 2019 5 beds 5 baths ∙ 3,008 Sqft ∙ Built 2019
    LEASED 05/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.00
    •  
PROPERTY LISTING DETAILS
Veronica Figueroa
1.407.329.9500
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5904439
Last Updated: 11/07/2020
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