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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Regal Pointe
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$81,275
LOAN DETAILS
$1,052
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $71,250 |
| Loan Amount | $213,750 |
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
-
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
1.352.875.7135
Premium Properties R.e Service
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5912462
Last Updated: 12/19/2020
