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

215 Westmoor Bnd Orlando, FL 32835

3 Beds 2 Baths 1,763 sqft Built 1985

$319,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1985
  • Price/Sqft : $180.94
  • 5 Days on Market
  • MLS # : O5903766
  • Updated Date : 11/05/2020 at 13:13
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,763 sqft
  • Baths : 2 full
Listing Agent

Re/max Prime Properties

Listing Agent's Description

Prepare to be impressed with this handsome 3 bedroom, 2 bath, 2 car garage, solid block home. No detail is left unturned on this fully renovated home. As you enter the home you will notice the open airy floor plan, remarkable resin-coated “marble look” concrete floors, vaulted ceilings, updated lighting fixtures throughout, updated modern kitchen, custom designed concrete countertops and upgraded stainless steel appliances. The beautiful spacious owners suite features custom sliding barn doors with access to the master bathroom and extraordinary walk-in closet. The ensuite master bath includes his and hers vanities and a walk-in shower. The oversized garage has painted floors. The enormous fenced-in yard has plenty of room for entertaining and enough room to add a pool. Great access to the 408, theme parks and shopping/dining. Zoned for A rated schools.

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: Westmoor

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $69k257k

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

Neighborhood: Westmoor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951743

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$287,100$350,900$319,000

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 -$1,177
Property Tax -$363
Property Insurance -$141
HOA -$13
Property Management Fees -$158
CASH FLOW
-$93

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.

$319,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 6.8%
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$8.0k

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$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

2.58

YEARS SAVED

$8,008

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

    LIST RENT PER SQFT
  • $1,754

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,540
1$1,5402$1,5503$1,7604$1,8505$1,950
$1,950
RENT COMPS ANALYSIS
  • 215 Westmoor Bnd Orlando, FL 3
    • 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,763 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.00
    •  
  • 918 Lake Sherwood Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1978
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.88
    •  
  • 7223 Seamans Blf Orlando, FL 2
    • 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,487 Sqft ∙ Built 1982
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.04
    •  
  • 7428 Herricks Loop Orlando, FL 4
    • 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,616 Sqft ∙ Built 1989
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.14
    •  
  • 300 Snowshoe Ct Orlando, FL 5
    • 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1999 3 beds 3 baths ∙ 2,111 Sqft ∙ Built 1999
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.92
    •  
PROPERTY LISTING DETAILS
Milton James
1.407.572.4458
Re/max Prime Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903766
Last Updated: 11/05/2020
BESbswy