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16295 Pebble Bluff Loop Winter Garden, FL 34787

3 Beds 2 Baths 1,689 sqft Built 2018

$324,900

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $192.36
  • 3 Days on Market
  • MLS # : G5037622
  • Updated Date : 01/22/2021 at 15:12
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,689 sqft
  • Baths : 2 full
Listing Agent

Hancock Real Estate

Listing Agent's Description

One or more photo(s) has been virtually staged. 3BD/2BA home in the Waterleigh community, known for offering resort-style living in a suburban oasis. Characterized by a well-lit open concept, split floor plan, and craftsman details throughout; this stunning home is move-in-ready. Signified by a peaceful fountain entrance, you will drive through the picturesque Waterleigh neighborhood to your home where you will be greeted by landscaping designed to reflect the natural environment weaved throughout this community. Up the stone-paver walkway you will see the front elevation of the home is also finished with tasteful stone elements. The guest bedrooms and bathroom are accessible from the entranceway, offering privacy. Stepping further into the sunlit home, your eyes are drawn to the large island in the kitchen with granite counters and a built-in sink surrounded by stately, 42” light finished cabinets decked out with kitchen cabinet crown molding. This kitchen also features stainless steel appliances and a large, walk-in pantry. The kitchen flows seamlessly into the living area with the ceramic tile continuing throughout all living spaces. Off the living area, the spacious master suite offers dual vanity sinks, a tiled walk-in shower with a bench, a separate throne room and a walk-in closet. This home has a rear entry garage that conveniently leads into the laundry room and an adjacent landing zone perfect for dropping your keys at the end of a long day before you head out to the covered lanai for a tranquil evening. The spotless condition and layout of this floorplan makes this property a must-see. Neighborhood amenities include two resort-style clubhouse amenity centers with pools, fitness center, tot lot, sports fields, nature trails with scenic lakes and ponds, a community garden, miniature golf, and private dock access.

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MARKET HIGHLIGHTS

  • 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.
  • 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.

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
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,129
Property Tax -$380
Property Insurance -$137
HOA -$209
Property Management Fees -$129
CASH FLOW
-$124

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.

$324,900

PROJECTED PRICE

$1,860

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

11530-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$8,351

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,697

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,860
1$1,8602$1,9003$1,990
$1,990
RENT COMPS ANALYSIS
  • 16295 Pebble Bluff Loop Winter Garden, FL 1
    • 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,689 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.10
    •  
  • 15615 Kinnow Mandarin Ln Winter Garden, FL 2
    • 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 2017 3 beds 3 baths ∙ 1,859 Sqft ∙ Built 2017
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 10160 Storey Grove Way Winter Garden, FL 3
    • 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,013 Sqft ∙ Built 2016
    LEASED 09/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,990
    • $0.99
    •  
PROPERTY LISTING DETAILS
Matthew Mobley
1.407.267.2312
Hancock Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: G5037622
Last Updated: 01/22/2021
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