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2826 Sanbina St Winter Park, FL 32789

3 Beds 2 Baths 1,560 sqft Built 1960

INVESTimate

$339,900

List Price

$1,650

$1,485 - $1,815

Rent Est.

$366,446  ( +7.81%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1960
  • Price/Sqft : $217.88
  • 6 Days on Market
  • MLS # : O5885721
  • Updated Date : 08/21/2020 at 20:11
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,560 sqft
  • Baths : 2 full
Listing Agent

Capital Realty Group Florida

Listing Agent's Description

Primo location. Wonderful home located on a 1/4 acre lot on a quiet street in the city of Winter Park. Minutes to the renowned historic Park Avenue, street side cafes, boutique shopping, parks, galleries and more. Home offers a tranquil private setting and lush, tropical landscaping. Oversized back yard with new privacy fence and no rear neighbors. Interior has been tastefully reimagined with wood plank ceramic tile floors, updated bathrooms. Living dining combo with a separate family room. Oversized inside laundry room with room for extra storage. Hurricane resistant patio doors lead to a large screened in porch. Exterior freshly painted. Extra long driveway. Two car garage with opener. Excellent school district. Plenty of room to add a pool. Live work and play in your own backyard.

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: Howell Heights

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $104k331k

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

Neighborhood: Howell Heights

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292089

* 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
Dommerich Elementary School Primary Regular 603 40 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Dommerich Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 40
8
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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,254
Property Tax -$354
Property Insurance -$129
Property Management Fees -$149
CASH FLOW
-$236

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.

$339,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.81%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,798

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,728

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5753$1,6504$1,7955$1,875
$1,875
RENT COMPS ANALYSIS
  • 2826 Sanbina St Winter Park, 3
    • 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,560 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.06
    •  
  • 1847 Azalea Ave Winter Park, 1
    • 4 beds 3 baths ∙ 1,378 Sqft ∙ Built 1961 4 beds 3 baths ∙ 1,378 Sqft ∙ Built 1961
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.12
    •  
  • 1823 Linden Rd Winter Park, 2
    • 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1957 3 beds 2 baths ∙ 1,625 Sqft ∙ Built 1957
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.97
    •  
  • 2248 Elsinore Ave Winter Park, 4
    • 4 beds 3 baths ∙ 1,557 Sqft ∙ Built 1960 4 beds 3 baths ∙ 1,557 Sqft ∙ Built 1960
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.15
    •  
  • 1852 Maywood Rd Winter Park, 5
    • 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1956 4 beds 2 baths ∙ 1,582 Sqft ∙ Built 1956
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.19
    •  
PROPERTY LISTING DETAILS
Angela Chapman
1.407.447.7253
Capital Realty Group Florida
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5885721
Last Updated: 08/21/2020
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