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433 Regal Downs Cir Winter Garden, FL 34787

4 Beds 2 Baths 1,868 sqft Built 2001

$285,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

December 18, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $152.57
  • 3 Days on Market
  • MLS # : O5912462
  • Updated Date : 12/19/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,868 sqft
  • Baths : 2 full
Listing Agent

Premium Properties R.e Service

Listing Agent's Description

Amazing opportunity to own this move in ready 4 bedroom 2 bath home in the heart of Winter Garden situated in front of a beautiful, sparkling pond with a gorgeous fountain! Boasting over 1800+ sqft this home is ready for its new owners! Lovely open floor plan! Living, dining and family rooms! Plus large kitchen with breakfast nook. High ceilings and ceramic tile through-out with newer carpet in all the bedrooms. Patio overlooks the pond! Indoor laundry room and 2- car garage as well! with new carpet in all the bedrooms! This is a your chance to get into a great neighborhood with very low HOA! Easily zip anywhere on close major highways, or on near public transit. You will love the Association's Amenities: Volley Ball, Covered Picnic Area and Playground. Schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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: Regal Pointe

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $69k361k

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

Neighborhood: Regal Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000210022002300Rent in $8952320

* 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
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

William S Maxey Elementary School

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

$256,500$313,500$285,000

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,052
Property Tax -$314
Property Insurance -$148
HOA -$42
Property Management Fees -$129
CASH FLOW
$67

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.

$285,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

6.08

YEARS SAVED

$22,972

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,868

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6503$1,7504$1,8755$1,895
$1,895
RENT COMPS ANALYSIS
  • 433 Regal Downs Cir Winter Garden, FL 3
    • 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,868 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.94
    •  
  • 1137 Copenhagen Way Winter Garden, FL 1
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2002
    property image
    LEASED 09/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.98
    •  
  • 1415 Alborg Ct Winter Garden, FL 2
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 2002
    property image
    LEASED 09/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.03
    •  
  • 522 Grand Royal Cir Winter Garden, FL 4
    • 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2002
    property image
    LEASED 03/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.00
    •  
  • 254 Black Springs Ln Winter Garden, FL 5
    • 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,909 Sqft ∙ Built 2007
    property image
    LEASED 11/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.99
    •  
PROPERTY LISTING DETAILS
Andrew Rupansingh
1.352.875.7135
Premium Properties R.e Service
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5912462
Last Updated: 12/19/2020
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