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1931 Aster Dr Winter Park, FL 32792

4 Beds 2 Baths 2,031 sqft Built 1981

$330,000

List Price

$1,930

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $162.48
  • 3 Days on Market
  • MLS # : O5930088
  • Updated Date : 03/20/2021 at 13:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,031 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Winter Park

Listing Agent's Description

Well Maintained, one owner home with Screened Pool and 4 Bedrooms! This corner lot home has 2031 square feet which does not include the finished enclosed porch that has an additional 575 square feet. As you enter the home, you will notice the living room with high vaulted ceiling, dining room overlooking the porch and pool area and kitchen open to the family room. Sliding doors from the Family room lead to the finished porch with windows on 2 sides to allow those Florida breezes to enter. A split bedroom plan affords privacy for all. An oversized side-entry garage is an additional feature you will love, with storage shelves and workbench. Roof replaced 2009, HVAC replaced 2010, hot water heater replaced 2005, white vinyl fence replaced 2018. No HOA!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,737$2,123$1,930

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,930
EXPENSES Loan Payment -$1,146
Property Tax -$335
Property Insurance -$157
Property Management Fees -$129
CASH FLOW
$162

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.

$330,000

PROJECTED PRICE

$1,930

PROJECTED RENT

0.58%

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$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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$31,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,930

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,929

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,675
1$1,6752$1,6953$1,9304$1,9505$2,200
$2,200
RENT COMPS ANALYSIS
  • 1931 Aster Dr Winter Park, FL 3
    • 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,031 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $0.95
    •  
  • 1158 Dodd Rd Winter Park, FL 1
    • 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1987 4 beds 3 baths ∙ 1,932 Sqft ∙ Built 1987
    property image
    LEASED 03/14/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.87
    •  
  • 1575 Lawndale Cir Winter Park, FL 2
    • 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1985
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 1482 Hyde Park Dr Winter Park, FL 4
    • 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,006 Sqft ∙ Built 1989
    property image
    LEASED 03/03/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.97
    •  
  • 4565 Redhawk Ct Winter Park, FL 5
    • 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,122 Sqft ∙ Built 1988
    property image
    LEASED 09/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.04
    •  
PROPERTY LISTING DETAILS
William Henderson, Ii
1.407.476.1808
Keller Williams Winter Park
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5930088
Last Updated: 03/20/2021
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