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PROPERTY INFO
FACTS
- Single Family
- Built In 2003
- Price/Sqft : $169.52
- 2 Days on Market
- MLS # : O5906108
- Updated Date : 11/15/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,755 sqft
- Baths : 2 full
Listing Agent
Mighty Realty Inc
Listing Agent's Description
Location Location Location. This single family home is located in the desirable Stoneybrook west guarded community of Winter Garden. Home is open with volume ceilings and living /dining room combination. The family room has sliding doors that open to screened porch with view of the pond. Nice master suite with dual sinks, garden tub and separate shower. The kitchen features breakfast bar and panty. This property may qualify for Seller Financing (Vendee). Home location is convenient to shopping, restaurants and entertainment. Call today for your private showing.
SEE MORE
- 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)
- 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.
PRICE & RENT TRENDS
Neighborhood: Stoneybrook West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Stoneybrook West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,810 |
| EXPENSES | Loan Payment | -$1,098 |
| Property Tax | -$331 | |
| Property Insurance | -$141 | |
| HOA | -$170 | |
| Property Management Fees | -$163 | |
|
CASH FLOW
-$92
|
||
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.
$297,500
PROJECTED PRICE
$1,810
PROJECTED RENT
0.61%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 5.3% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$84,588
LOAN DETAILS
$1,098
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,375 |
| Loan Amount | $223,125 |
2.58
YEARS SAVED
$7,676
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,810
LIST RENT -
$1.03
LIST RENT PER SQFT
-
$1,492
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
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2407 Oakington St Winter Garden, FL 5
- 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 2003
- Rent
- Rent Per SQFT
- $1,810
- $1.03
-
2112 Oakington St Winter Garden, FL 1
- 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 2001
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,400
- $0.84
-
2124 Oakington St Winter Garden, FL 2
- 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 2001 3 beds 3 baths ∙ 1,817 Sqft ∙ Built 2001
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,495
- $0.82
-
1168 Hawkslade Ct Winter Garden, FL 3
- 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 2004 4 beds 3 baths ∙ 1,886 Sqft ∙ Built 2004
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,500
- $0.80
-
1831 Portcastle Cir Winter Garden, FL 4
- 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2006 3 beds 3 baths ∙ 1,857 Sqft ∙ Built 2006
LEASED 12/16/19- Rent
- Rent Per SQFT
- $1,750
- $0.94
PROPERTY LISTING DETAILS
1.317.435.5235
Mighty Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5906108
Last Updated: 11/15/2020
