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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $170.36
- 2 Days on Market
- MLS # : O5912518
- Updated Date : 12/20/2020 at 00:01
CONSTRUCTION
- Beds : 3
- Floor Size : 2,524 sqft
- Baths : 2 full , 1 half
Listing Agent
Future Home Realty Inc
Listing Agent's Description
Looking for an updated home on a larger lot at a prime location? Your search is over! Don’t miss out on this rare opportunity! Absolutely STUNNING RENOVATED 3-BEDROOM 2.5 -BATHROOM HOME on HALF AN ACRE LOT in a beautiful WOODLANDS OF WINDERMERE. Located in the desirable Dr. Phillips area and zoned for A-rated Windy Ridge K-8 and Olympia High School, this home is the perfect combination of comfortable living and entertaining. This functional split floor plan features a large living with wood-burning fireplace, formal dining room, large family room connected to the kitchen. Enjoy Florida weather at the spacious screened in patio overlooking a generous size backyard. Every bedroom in this beautiful home features a walk-in closet . Elegant kitchen has new stylish quartz counter tops, deluxe solid wood cabinets, and new stainless steel appliances for a pleasant cooking experience. List of quality updates includes high ticket items such as new roof, new water heater, new doors, luxurious bamboo and high end tile flooring, tastefully renovated bathrooms with custom tile work and high quality modern vanities. This home is centrally located just minutes from downtown Orlando, area attractions like Universal and Disney, close to Turkey Lake Park, Millennia Mall, International Dr, restaurants and so much more. Call for your private tour today, fall in love with this amazing home and make an offer before it is gone!
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: The Woodlands of Windermere
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: The Woodlands of Windermere
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,160 |
| EXPENSES | Loan Payment | -$1,587 |
| Property Tax | -$480 | |
| Property Insurance | -$187 | |
| HOA | -$21 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$243
|
||
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.
$430,000
PROJECTED PRICE
$2,160
PROJECTED RENT
0.50%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 5.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| 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
$119,700
LOAN DETAILS
$1,587
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $107,500 |
| Loan Amount | $322,500 |
2.42
YEARS SAVED
$9,205
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,160
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$2,404
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
4602 Woodlot Ct Orlando, FL 1
- 3 beds 3 baths ∙ 2,524 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,524 Sqft ∙ Built 1979
![property image]()
- Rent
- Rent Per SQFT
- $2,160
- $0.86
-
4748 High Oak Ct Orlando, FL 2
- 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,484 Sqft ∙ Built 1999
![property image]()
LEASED 08/27/20- Rent
- Rent Per SQFT
- $2,250
- $0.91
-
4630 Woodlands Village Dr Orlando, FL 3
- 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,507 Sqft ∙ Built 1985
![property image]()
LEASED 07/10/19- Rent
- Rent Per SQFT
- $2,375
- $0.95
-
4547 Winderwood Cir Orlando, FL 4
- 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 5
- 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
PROPERTY LISTING DETAILS
1.407.432.0941
Future Home Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5912518
Last Updated: 12/20/2020
