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216 Daniels Pointe Dr Winter Garden, FL 34787

3 Beds 2 Baths 1,170 sqft Built 1997

$250,000

List Price

$1,300

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $213.68
  • 3 Days on Market
  • MLS # : S5046767
  • Updated Date : 02/20/2021 at 02:02
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,170 sqft
  • Baths : 2 full
Listing Agent

Homestar Realty Llc

Listing Agent's Description

Single family home, 3 Bedrooms, 2 bathrooms, 1 car garage. Gorgeous home inside and out! Location, location, location... walking distance to shopping, restaurants and public transportation. Just minutes away from Winter Garden Village and easy access to major highways, Florida Turnpike, the 429, 408...20 minutes to Disney!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Daniels Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $89k361k

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

Neighborhood: Daniels Crossing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000120014001600180020002200Rent in $8022320

* 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
William S Maxey Elementary School Primary Regular 271 21 8
Lakeview Middle School Middle Regular 1,032 62 3
West Orange High School High Regular 3,835 178 6

William S Maxey Elementary School

  • Education Level: Primary
  • # of students: 271
  • # of teachers: 21
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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,170$1,430$1,300

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,300
EXPENSES Loan Payment -$868
Property Tax -$275
Property Insurance -$106
HOA -$39
Property Management Fees -$129
CASH FLOW
-$117

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.

$250,000

PROJECTED PRICE

$1,300

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.6%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

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 $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$5,328

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,300

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,120

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,2993$1,3004$1,3005$1,350
$1,350
RENT COMPS ANALYSIS
  • 216 Daniels Pointe Dr Winter Garden, FL 4
    • 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,170 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.11
    •  
  • 1418 Daniels Cove Dr Winter Garden, FL 1
    • 4 beds 2 baths ∙ 1,427 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,427 Sqft ∙ Built 1999
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.81
    •  
  • 14878 Astrolyn St Winter Garden, FL 2
    • 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,260 Sqft ∙ Built 2004
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $1.03
    •  
  • 1007 Carol Anderson Dr Winter Garden, FL 3
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1991
    LEASED 10/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.00
    •  
  • 14822 Siplin Rd Winter Garden, FL 5
    • 4 beds 3 baths ∙ 1,357 Sqft ∙ Built 1990 4 beds 3 baths ∙ 1,357 Sqft ∙ Built 1990
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.99
    •  
PROPERTY LISTING DETAILS
Maria Montes
1.407.960.0189
Homestar Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5046767
Last Updated: 02/20/2021
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