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

2272 Romanum Dr Winter Garden, FL 34787

4 Beds 4 Baths 2,920 sqft Built 2016

INVESTimate

$449,900

List Price

$2,370

$2,133 - $2,607

Rent Est.

$483,777  ( +7.53%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $154.08
  • 6 Days on Market
  • MLS # : O5886874
  • Updated Date : 08/25/2020 at 09:22
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,920 sqft
  • Baths : 3 full , 1 half
Listing Agent

Premier Sothebys Int'l Realty

Listing Agent's Description

Alexander Ridge – 4-bedroom, 2.5-bath, 2-story home. This beautiful, nearly new home features an open concept very spacious kitchen with 48-inch white cabinets, stainless steel appliances all included, granite countertops, and a large walk-in pantry. There is a formal dining room, a family room and added office space with a built-in desk and cabinetry. All 4 bedrooms are upstairs, along with a huge bonus room. The owner's suite has a large L-shaped walk-in closet that enters into the upstairs laundry room, the washer and dryer are included. There are ceramic and wood laminate floors throughout. The home has 2 A/C units, 6 ceiling fans, and an ADT alarm system. There is a 2-car garage with remotes, and a covered front and back porch and lanai. The HOA includes lawn mowing and maintenance, bushes, shrubs, mulch and sprinkler system. There is a community pool and playground. Close to dining and entertainment. Highly rated schools, and nearby the Winter Garden Village, the Horizon West Center, and Walt Disney World parks. This home is a must-see. Schedule your tour today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Winter Garden

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Neighborhood: Winter Garden

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292322

* 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
 

$404,910$494,890$449,900

PURCHASE PRICE

$2,133$2,607$2,370

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$8.0k-$6.0k-$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$1.2M$1.4M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,370
EXPENSES Loan Payment -$1,660
Property Tax -$495
Property Insurance -$211
HOA -$175
Property Management Fees -$213
CASH FLOW
-$384

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.

$449,900

PROJECTED PRICE

$2,370

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.53%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,974

INVESTMENT

$124,974

Down Payment
$112,475
Rehab Estimate
$5,750
Closing Costs
$6,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,660

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $112,475
Loan Amount $337,425
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,833

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,370

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,533

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,3703$2,5004$2,6505$2,800
$2,800
RENT COMPS ANALYSIS
  • 2272 Romanum Dr Winter Garden, 2
    • 4 beds 4 baths ∙ 2,920 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,920 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.81
    •  
  • 5740 Chestnut Chase Rd Winter Garden, 1
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2016
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 4414 Old Sycamore Loop Winter Garden, 3
    • 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,941 Sqft ∙ Built 2015
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.85
    •  
  • 14406 Magnolia Ridge Loop Winter Garden, 4
    • 5 beds 3 baths ∙ 2,790 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,790 Sqft ∙ Built 2014
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.95
    •  
  • 14350 Red Cardinal Ct Windermere, 5
    • 5 beds 3 baths ∙ 3,211 Sqft ∙ Built 2006 5 beds 3 baths ∙ 3,211 Sqft ∙ Built 2006
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.87
    •  
PROPERTY LISTING DETAILS
Wendy Fischer
1.407.620.0713
Premier Sothebys Int'l Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886874
Last Updated: 08/25/2020
BESbswy