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4978 Wildwood Pointe Rd Winter Garden, FL 34787

5 Beds 3 Baths 2,610 sqft Built 2016

$430,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $164.75
  • 3 Days on Market
  • MLS # : G5039378
  • Updated Date : 03/05/2021 at 19:42
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,610 sqft
  • Baths : 3 full
Listing Agent

Expert Advisors Group

Listing Agent's Description

Why wait to build? This home is move-in ready! Welcome home to this stunning 5-bedroom/3-bath home with a bonus room in the popular Orchard Hills Community. You will admire the beautiful curb appeal and immaculate landscaping and be equally impressed with the beautiful interior. The home offers 2,610 sq ft of living space with an open concept floorplan. As you step through the front doors you will find a welcoming foyer with beautiful “wood look” ceramic tile flooring that runs throughout the main living space. At the front of the home, you will find a guest bathroom and a guest bedroom that would also make a perfect den or home office. A great room at the center of the home offers room for living and dining and has plenty of windows that filter natural light into the room. The stunning gourmet kitchen opens to the living room and features modern cabinetry, granite countertops accented by a beautiful tile backsplash, a kitchen island, stainless steel appliances and a walk-in pantry. Pendant lights accent the space beautifully, and a nearby nook is the perfect place to hang backpacks and charge electronic devices. Step out the back door and relax on the covered lanai in the privacy of the fully fenced backyard. The driveway is accessed through the back of the home, and the yard gates can be closed for extra security. Upstairs, enjoy a large bonus room, perfect for a playroom, second living room, hobby room and more. There are 3 bedrooms upstairs down a private hallway and they share a beautiful guest bathroom with dual vanities and a shower tub. The spacious master suite features tray ceilings and two master closets. Double doors lead to a spa-like bathroom with dual granite vanities, a garden tub, and walk-in shower. You will love living in Orchard Hills where you can enjoy a community clubhouse with a large zero entry pool, fitness center, playgrounds, dog park, resident activities, and more. The monthly HOA fee also includes ALL of your lawn care! Conveniently located near major roads like the 429, Turnpike and 408 making commuting a breeze! Call us today to schedule your private tour before you miss your chance!

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

Zip Code: 34787

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Zip Code: 34787

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292322

* 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
Keene's Crossing Elementary School Primary Regular 1,191 78 9
Bridgewater Middle School Middle Regular 1,373 72 6
Windermere High School High Regular NA

Keene's Crossing Elementary School

  • Education Level: Primary
  • # of students: 1,191
  • # of teachers: 78
9
GreatSchools Rating

Bridgewater Middle School

  • Education Level: Middle
  • # of students: 1,373
  • # of teachers: 72
6
GreatSchools Rating

Windermere High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$387,000$473,000$430,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,494
Property Tax -$504
Property Insurance -$192
HOA -$165
Property Management Fees -$129
CASH FLOW
-$163

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

$2,320

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.4%
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

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$119,700

INVESTMENT

$119,700

Down Payment
$107,500
Rehab Estimate
$5,750
Closing Costs
$6,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,500
Loan Amount $322,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,487

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,320

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $2,271

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,1003$2,3004$2,3205$2,400
$2,400
RENT COMPS ANALYSIS
  • 4978 Wildwood Pointe Rd Winter Garden, FL 4
    • 5 beds 3 baths ∙ 2,610 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,610 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.89
    •  
  • 5740 Chestnut Chase Rd Winter Garden, FL 1
    • 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,614 Sqft ∙ Built 2016
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.80
    •  
  • 15271 Evergreen Oak Loop Winter Garden, FL 2
    • 4 beds 4 baths ∙ 2,454 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,454 Sqft ∙ Built 2016
    LEASED 10/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 15138 Evergreen Oak Loop Winter Garden, FL 3
    • 4 beds 4 baths ∙ 2,571 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,571 Sqft ∙ Built 2015
    LEASED 04/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 15030 Evergreen Oak Loop Winter Garden, FL 5
    • 4 beds 4 baths ∙ 2,570 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,570 Sqft ∙ Built 2015
    LEASED 02/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.93
    •  
PROPERTY LISTING DETAILS
Eddy Workinger, Jr.
1.352.577.5201
Expert Advisors Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: G5039378
Last Updated: 03/05/2021
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