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329 Lake Amberleigh Dr Winter Garden, FL 34787

4 Beds 2 Baths 2,178 sqft Built 2003

$369,000

List Price

$2,130

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $169.42
  • 3 Days on Market
  • MLS # : O5930810
  • Updated Date : 03/19/2021 at 20:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,178 sqft
  • Baths : 2 full
Listing Agent

First Realty Investment Llc

Listing Agent's Description

THIS HOUSE FEATURES, SPLIT FLOOR PLAN, FULLY TILED, 42" CABINETS, MATTE BLACK FINGER PRINT RESISTANT APPLIANCES, GRANITE COUNTER TOPS, FORMAL LIVING ROOM, FORMAL DINING ROOM, FAMILY ROOM, FOYER, MASTER BEDROOM WITH TRAY CEILING WITH FAN, SPACIOUS MASTER BATHROOM WITH DUAL VANITY, JACUZZI; TILED THROUGH ALL THE HOUSE, CEILING FANS, BEAUTIFUL BACKYARD WITH MANGO, AVOCADO AND PAPAYA TREES. THIS BACKYARD WILL HELP YOU TO RELAX AND ENJOY YOUR COFFEE OR TEA. THIS HOUSE IS LOCATED IN A GATED COMMUNITY, CLOSE TO MAJOR HIGHWAYS, SHOPPING CENTERS AND SCHOOLS. I INVITE YOU TO COME AND SEE THIS GORGEOUS HOUSE AND YOU WILL NOT BE DISAPPOINTED!

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Amberleigh

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Neighborhood: Amberleigh

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292320

* 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
Sunridge Middle School Middle Unknown 1,260 64 NA
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

Sunridge Middle School

  • Education Level: Middle
  • # of students: 1,260
  • # of teachers: 64
NA
GreatSchools Rating

West Orange High School

  • Education Level: High
  • # of students: 3,835
  • # of teachers: 178
6
GreatSchools Rating
 

$332,100$405,900$369,000

PURCHASE PRICE

$1,917$2,343$2,130

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,130
EXPENSES Loan Payment -$1,282
Property Tax -$406
Property Insurance -$166
HOA -$140
Property Management Fees -$129
CASH FLOW
$7

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.

$369,000

PROJECTED PRICE

$2,130

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$103,535

INVESTMENT

$103,535

Down Payment
$92,250
Rehab Estimate
$5,750
Closing Costs
$5,535

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,282

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $92,250
Loan Amount $276,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$20,662

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,130

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,189

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$2,050
1$2,0502$2,1303$2,3004$2,4005$2,400
$2,400
RENT COMPS ANALYSIS
  • 329 Lake Amberleigh Dr Winter Garden, FL 2
    • 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 2003
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,130
    • $0.98
    •  
  • 336 Spring Leap Cir Winter Garden, FL 1
    • 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,132 Sqft ∙ Built 2005
    property image
    LEASED 02/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $0.96
    •  
  • 1651 Highbanks Cir Winter Garden, FL 3
    • 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,278 Sqft ∙ Built 2017
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.01
    •  
  • 1036 Shadowmoss Dr Winter Garden, FL 4
    • 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,298 Sqft ∙ Built 2004
    property image
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.04
    •  
  • 1054 Shadowmoss Dr Winter Garden, FL 5
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 2004
    property image
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $1.01
    •  
PROPERTY LISTING DETAILS
Martin Cabral
1.407.491.3487
First Realty Investment Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5930810
Last Updated: 03/19/2021
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