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4445 Winderwood Cir Orlando, FL 32835

4 Beds 3 Baths 2,623 sqft Built 1987

$479,900

List Price

$2,600

$2.4K - $2.9K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $182.96
  • 3 Days on Market
  • MLS # : O5917061
  • Updated Date : 01/16/2021 at 22:37
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,623 sqft
  • Baths : 3 full
Listing Agent

Charles Rutenberg Realty Orlando

Listing Agent's Description

Exceptional home, shows extremely well. Split floorplan, vaulted ceilings, ceramic tile and laminate flooring thru-out, all kitchen appliances stay. This home has a stunning lanai and pool area!! Great for entertaining or just lounging on the weekends. Newer roof (6 months old), newer windows (high efficiency), new gutters, hot water heater and garage door. Bathrooms have been remodeled. This home is nestled among Majestic Oaks in a highly sought after neighborhood in the Dr. Phillips area with a private back yard and over sized pool. Great Neighbors, Great Schools and just a Great place to call home. HURRY!! THIS HOME WILL NOT BE ON THE MARKET LONG!!

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: Winderwood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $105k487k

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

Neighborhood: Winderwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10292650

* 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
Windy Ridge Elementary School Primary Magnet 1,144 80 9
Windy Ridge Elementary School Middle Magnet 1,144 80 9
Cornerstone Charter Academy High School High Charter 372 21 7

Windy Ridge Elementary School

  • Education Level: Primary
  • # of students: 1,144
  • # of teachers: 80
9
GreatSchools Rating

Windy Ridge Elementary School

  • Education Level: Middle
  • # of students: 1,144
  • # of teachers: 80
9
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$431,910$527,890$479,900

PURCHASE PRICE

$2,340$2,860$2,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,600
EXPENSES Loan Payment -$1,667
Property Tax -$536
Property Insurance -$193
HOA -$32
Property Management Fees -$129
CASH FLOW
$44

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.

$479,900

PROJECTED PRICE

$2,600

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.6%
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$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,924

INVESTMENT

$132,924

Down Payment
$119,975
Rehab Estimate
$5,750
Closing Costs
$7,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,975
Loan Amount $359,925
See What Happens When You Reinvest Cash Flow

5.83

YEARS SAVED

$31,669

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,600

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $2,603

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,6003$2,6004$2,7505$2,800
$2,800
RENT COMPS ANALYSIS
  • 4445 Winderwood Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,623 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.99
    •  
  • 4547 Winderwood Cir Orlando, FL 1
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1987
    property image
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
  • 4807 Wingrove Blvd Orlando, FL 2
    • 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1994
    property image
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
  • 4500 S Hiawassee Rd Orlando, FL 4
    • 5 beds 2 baths ∙ 2,730 Sqft ∙ Built 1967 5 beds 2 baths ∙ 2,730 Sqft ∙ Built 1967
    property image
    LEASED 01/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,750
    • $1.01
    •  
  • 8004 Landgrove Ct Orlando, FL 5
    • 4 beds 4 baths ∙ 2,764 Sqft ∙ Built 1993 4 beds 4 baths ∙ 2,764 Sqft ∙ Built 1993
    property image
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.01
    •  
PROPERTY LISTING DETAILS
Kelly Green
1.407.579.7529
Charles Rutenberg Realty Orlando
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5917061
Last Updated: 01/16/2021
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