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

2016 Winslow Dr Orlando, FL 32812

3 Beds 2 Baths 1,311 sqft Built 1986

$249,900

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $190.62
  • 4 Days on Market
  • MLS # : O5921494
  • Updated Date : 02/05/2021 at 17:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,311 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Advantage 2 Realty

Listing Agent's Description

Light and bright is the best way to describe this adorable 3 bedroom, 2 bath Orlando home! The moment you step inside you're greeted by a sun-filled, wide open floor plan. The newly remodeled kitchen is center stage from the living and dining room and contains stainless appliances including a double oven. The stately master bedroom is behind double doors and features a walk-in closet, large vanity and an enormous sunken shower. This home is move-in ready with new exterior paint, new roof, new glass in the skylights, a new HVAC unit, and new flooring. The super low HOA provides for a neighborhood park, dog walks, and outdoor lighting. Schedule a tour today and explore the possibilities!

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: Dixie Belle

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k253k

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

Neighborhood: Dixie Belle

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8331712

* 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
Dover Shores Elementary School Primary Regular 611 42 5
Stonewall Jackson Middle School Middle Magnet 1,292 70 2
Boone High School High Magnet 2,763 141 7

Dover Shores Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 42
5
GreatSchools Rating

Stonewall Jackson Middle School

  • Education Level: Middle
  • # of students: 1,292
  • # of teachers: 70
2
GreatSchools Rating

Boone High School

  • Education Level: High
  • # of students: 2,763
  • # of teachers: 141
7
GreatSchools Rating
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$868
Property Tax -$310
Property Insurance -$114
HOA -$54
Property Management Fees -$129
CASH FLOW
-$136

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.

$249,900

PROJECTED PRICE

$1,340

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 12.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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

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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

2.25

YEARS SAVED

$3,757

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,259

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,340
$1,340
RENT COMPS ANALYSIS
  • 2016 Winslow Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,311 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.02
    •  
  • 2612 Peel Ave Orlando, FL 1
    • 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,360 Sqft ∙ Built 1983
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.96
    •  
PROPERTY LISTING DETAILS
Sherell Joseph Wolford, Llc
1.407.342.9561
Keller Williams Advantage 2 Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921494
Last Updated: 02/05/2021
BESbswy