Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1933 Portcastle Cir Winter Garden, FL 34787

3 Beds 3 Baths 1,857 sqft Built 2006

$302,900

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2006
  • Price/Sqft : $163.11
  • 2 Days on Market
  • MLS # : O5904478
  • Updated Date : 11/07/2020 at 22:29
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,857 sqft
  • Baths : 2 full , 1 half
Listing Agent

Ipg Realty Llc

Listing Agent's Description

Great Location , beautiful home , freshly painted and move in ready in desirable Winter Garden . This 3-bedroom, 2.5-bathroom home has 1,857 Square ft. with a dining-family combo good for entertaining. Kitchen with dinette area , breakfast bar and stainless Steel appliances . Upstairs Master Bedroom with en-suite bathroom features dual sinks, Shower/tub combo and walk in closet. Conveniently located near all major highways, Winter Garden Village, new Florida Hospital Winter Garden, Historic Downtown and theme parks. All this and within a top-rated school district. Schedule a private Showing today .

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

Neighborhood: Stone Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Neighborhood: Stone Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9232320

* 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
Whispering Oak Elementary School Primary Regular 812 50 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Whispering Oak Elementary School

  • Education Level: Primary
  • # of students: 812
  • # of teachers: 50
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
 

$272,610$333,190$302,900

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,118
Property Tax -$333
Property Insurance -$147
HOA -$40
Property Management Fees -$165
CASH FLOW
$28

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.

$302,900

PROJECTED PRICE

$1,830

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.3%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,019

INVESTMENT

$86,019

Down Payment
$75,725
Rehab Estimate
$5,750
Closing Costs
$4,544

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,118

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $75,725
Loan Amount $227,175
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$18,780

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,829

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,8304$1,8505$1,930
$1,930
RENT COMPS ANALYSIS
  • 1933 Portcastle Cir Winter Garden, FL 3
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2006
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.99
    •  
  • 1831 Portcastle Cir Winter Garden, FL 1
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2006
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 1847 Portcastle Cir #4 Winter Garden, FL 2
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2005 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2005
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.96
    •  
  • 2127 Portcastle Cir #4 Winter Garden, FL 4
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2006
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 1732 Portcastle Cir #4 Winter Garden, FL 5
    • 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2006
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,930
    • $1.04
    •  
PROPERTY LISTING DETAILS
Glenda Matson
1.407.493.6048
Ipg Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5904478
Last Updated: 11/07/2020
BESbswy