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1945 White Feather Loop Oakland, FL 34787

3 Beds 3 Baths 2,019 sqft Built 2019

$359,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $178.26
  • 4 Days on Market
  • MLS # : S5047018
  • Updated Date : 02/26/2021 at 14:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,019 sqft
  • Baths : 2 full , 1 half
Listing Agent

Florida Lakes Realty

Listing Agent's Description

Pristine energy-efficient 2019 home, in the desirable community of Oakland Trails. This beautiful single family home has 3-bedrooms, 2.5 bathrooms, and 2-car garage. Open floor plan with upstairs loft, and upgrades throughout! The chef’s kitchen features stainless steel appliances, granite counters, and breakfast bar. Soaring ceilings and ample natural light throughout living room. Owner’s suite boasts a walk-in closet, bathroom with dual-sink vanity and granite counter, tile surround shower, and impressive views. Relax on the lanai or in the courtyard. The community is only a 10 minute drive or a 30 minute bike ride from downtown Winter Garden where you will find dining, shops and business. Oakland Trails offers community pool, 2 dog parks, playground, walking distance from the West Orange Trail - easy access to FL turnpike and SR 50. Schedule your showing today!.

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

Zip Code: 34787

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k376k

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

Zip Code: 34787

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9392322

* 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
Tildenville Elementary School Primary Magnet 540 37 8
Lakeview Middle School Middle Regular 1,032 62 3
West Orange High School High Regular 3,835 178 6

Tildenville Elementary School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 37
8
GreatSchools Rating

Lakeview Middle School

  • Education Level: Middle
  • # of students: 1,032
  • # of teachers: 62
3
GreatSchools Rating

West Orange High School

  • Education Level: High
  • # of students: 3,835
  • # of teachers: 178
6
GreatSchools Rating
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,250
Property Tax -$447
Property Insurance -$157
HOA -$116
Property Management Fees -$129
CASH FLOW
-$198

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.

$359,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.53%

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-$6.0k-$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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,505

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,918

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,8203$1,9004$1,9505$2,150
$2,150
RENT COMPS ANALYSIS
  • 1945 White Feather Loop Oakland, FL 3
    • 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2019 3 beds 3 baths ∙ 2,019 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.94
    •  
  • 16412 Caju Rd Clermont, FL 1
    • 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,878 Sqft ∙ Built 2013
    property image
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.81
    •  
  • 13122 Hidden Beach Way Clermont, FL 2
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 1999
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.97
    •  
  • 2435 Standing Rock Cir Oakland, FL 4
    • 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 2017 4 beds 3 baths ∙ 1,868 Sqft ∙ Built 2017
    property image
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.04
    •  
  • 1913 Standing Rock Winter Garden, FL 5
    • 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,204 Sqft ∙ Built 2018
    property image
    LEASED 01/07/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.98
    •  
PROPERTY LISTING DETAILS
Tatiana Diaz
1.407.593.9087
Florida Lakes Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5047018
Last Updated: 02/26/2021
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