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1895 Aster Dr Winter Park, FL 32792

3 Beds 2 Baths 1,653 sqft Built 1983

$315,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $190.56
  • 2 Days on Market
  • MLS # : O5918674
  • Updated Date : 01/23/2021 at 12:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,653 sqft
  • Baths : 2 full
Listing Agent

Lokation

Listing Agent's Description

*Honey Stop The Car...We Have Found Our Home*You'll Fall In Love With the Brick and Stucco Façade*This Meticulously Maintained 3 Bedroom-2 Bathroom Waterfront Home is Located On A Beautiful 1/4 Acre Lot (.27)...Updates Include An Architectural Shingle Roof That Was Replaced in 2018..Upgraded Professionally Installed Stanek Double Pane High Efficiency Low E Windows...Thousands Invested On Updated Landscaping...Beautiful River Rock With Weed Mat & Metal Edge Border In Your Front Yard & Freshly Trimmed Trees Throughout The Front & Backyard...The 12' X 32' Huge screened Rear Porch Has Brand New Screens/Brand New Outdoor Carpet/New Rear Screened Door & All New Aluminum Framing*This Split Plan Home Has Plenty Of Room For Everyone With Upgraded Pocket Doors For privacy & Noise Containment...The Master Bedroom Is 12' x 14' & Has A Big Walk In Closet-Spacious Walk In Shower & Has A Door That Leads You Out To Your Pond View Screened In Porch...The Kitchen/Family Room Combination Is Great For Entertaining...The Family Room Measures 12' x 16' & Leads Out To Your Rear Porch..The Family Room Has A Florida Fieldstone Facade Fireplace With Natural Cypress Beam Mantle*The Living Room Has A Vaulted Ceiling & Makes Another Great Living Area...The Formal Dining Room Leads Out To The Rear Porch...& The Dinette & Breakfast Bar Offer Plenty Of Seating For Your Entertaining & Get Togethers*Bring Both Cars Into The Garage Because This Garage Is Over Sized*The Backyard Is Wonderful...No Rear Neighbors-Only A Natural Wetlands View With Ducks & Aquatic Birds..You'll Love The Sunsets*Fantastic Seminole County Schools Are A Big Plus For this Home & There Is No Mandatory HOA*Convenient Location Close To Plenty Of Shopping-Restaurants-Schools-The 417 Toll Road Is Close By As well As St Rd 436*Be The First To See This Home...Call For Your Private Showing*

SEE MORE

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

Neighborhood: Garden Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k297k

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

Neighborhood: Garden Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8132002

* 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
Red Bug Elementary School Primary Regular 827 58 8
Tuskawilla Middle School Middle Regular 1,080 57 5
Lake Howell High School High Regular 2,229 117 6

Red Bug Elementary School

  • Education Level: Primary
  • # of students: 827
  • # of teachers: 58
8
GreatSchools Rating

Tuskawilla Middle School

  • Education Level: Middle
  • # of students: 1,080
  • # of teachers: 57
5
GreatSchools Rating

Lake Howell High School

  • Education Level: High
  • # of students: 2,229
  • # of teachers: 117
6
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,094
Property Tax -$314
Property Insurance -$135
Property Management Fees -$129
CASH FLOW
$88

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.

$315,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,094

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$24,349

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,781

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7003$1,7604$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 1895 Aster Dr Winter Park, FL 3
    • 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,653 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.06
    •  
  • 1971 Aster Dr Winter Park, FL 1
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1982 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1982
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.97
    •  
  • 3620 Oak Vista Ln Winter Park, FL 2
    • 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,540 Sqft ∙ Built 1984
    LEASED 03/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.10
    •  
  • 1432 Aster Ct Winter Park, FL 4
    • 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,647 Sqft ∙ Built 1984
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.09
    •  
  • 3650 Jonquil Ln Winter Park, FL 5
    • 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,647 Sqft ∙ Built 1982
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.15
    •  
PROPERTY LISTING DETAILS
Gregory Buckley
1.407.383.9620
Lokation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918674
Last Updated: 01/23/2021
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