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4531 Winderwood Cir Orlando, FL 32835

4 Beds 2 Baths 2,694 sqft Built 1987

$439,900

List Price

$2,550

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $163.29
  • 2 Days on Market
  • MLS # : O5908366
  • Updated Date : 11/28/2020 at 15:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,694 sqft
  • Baths : 2 full
Listing Agent

Re/max Exclusive Collection

Listing Agent's Description

Location, Location, Location! Updated and meticulously maintained single story Ranch style home in Dr Phillips. Zoned for Windy Ridge K-8 and Olympia High School. As you enter the light filled foyer, you'll notice the study with French doors and a gracious, formal dining room that leads you into a large great room with soaring ceilings and a stunning fire place. The open kitchen has been updated with granite counters, new French door refrigerator and features a large breakfast nook. The master bedroom has a beautiful tiled floor and the bath has a spacious walk in closet, dual vanities with separate shower and a large soaking tub. There is a fourth bedroom that make a great game room or workout space. The secondary bedrooms are very generous and very well situated for privacy. New Low E Windows replaced in 2014. Upgraded garage door, front door and paver driveway as well. New Hot Water heater replaced September 2020. And you'll be ready for storm season as this home is on the same grid as CVS and Centra Care- no power loss here! Conveniently located to everything SW has to offer with Shopping ,Dining and entertainment right at your doorstep. Call today and make an appointment before its gone!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

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
 

$395,910$483,890$439,900

PURCHASE PRICE

$2,295$2,805$2,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,550
EXPENSES Loan Payment -$1,623
Property Tax -$491
Property Insurance -$197
HOA -$25
Property Management Fees -$230
CASH FLOW
-$16

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.

$439,900

PROJECTED PRICE

$2,550

PROJECTED RENT

0.58%

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

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$122,324

INVESTMENT

$122,324

Down Payment
$109,975
Rehab Estimate
$5,750
Closing Costs
$6,599

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,623

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $109,975
Loan Amount $329,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$23,293

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,550

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,627

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,4954$2,5505$2,600
$2,600
RENT COMPS ANALYSIS
  • 4531 Winderwood Cir Orlando, FL 4
    • 4 beds 2 baths ∙ 2,694 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,694 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.95
    •  
  • 4360 Conroy Club Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,534 Sqft ∙ Built 2003
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.95
    •  
  • 4547 Winderwood Cir Orlando, FL 2
    • 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,440 Sqft ∙ Built 1987
    LEASED 10/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
  • 7826 Thicket Ln Orlando, FL 3
    • 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,505 Sqft ∙ Built 1985
    LEASED 09/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $1.00
    •  
  • 4807 Wingrove Blvd Orlando, FL 5
    • 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,685 Sqft ∙ Built 1994
    LEASED 02/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Amanda Wood
1.321.229.8389
Re/max Exclusive Collection
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5908366
Last Updated: 11/28/2020
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