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5008 Wise Bird Dr Windermere, FL 34786

3 Beds 2 Baths 1,702 sqft Built 2005

INVESTimate

$334,900

List Price

$1,820

$1,638 - $2,002

Rent Est.

$348,899  ( +4.18%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $196.77
  • 7 Days on Market
  • MLS # : O5885859
  • Updated Date : 08/20/2020 at 10:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,702 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Classic

Listing Agent's Description

A Must See! Cozy Craftsman-Style Home located on a corner lot in Windermere's much sought after community of Summerport. This recently painted home has great curb appeal with mature landscaping that enhances the privacy of it's covered front porch for your seating pleasure. Upon walking through the front door, you find a formal living/dining room with tray ceiling for entertaining or relaxation. In the heart of the home you will discover an open kitchen and family room area. The kitchen features stainless steel appliances which include a gas range, 42" cabinets, breakfast bar and solid surface counter tops. You will enjoy many conversations in the large family room with another tray ceiling and sliding glass patio doors that allow access to the rear covered porch overlooking a private back yard enclosed with vinyl fencing. The master suite comes complete with a tray ceiling, walk-in closet, ceiling fan,private bathroom with dual sinks, soaking tub and separate walk-in shower. A hallway laundry closet, second bath, two additional bedrooms and a deep 2 car, split door garage complete the the floor plan. Summerport community amenities include a fitness center, clubhouse, pool, tennis courts, playgrounds and walking/biking trails. The community is ideally located near major theme parks, highways, shopping, dining and great schools. Call for a viewing appointment today!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Summerport

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Neighborhood: Summerport

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10293062

* 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
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Keene's Crossing Elementary School

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

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

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

$301,410$368,390$334,900

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,236
Property Tax -$392
Property Insurance -$138
HOA -$83
Property Management Fees -$164
CASH FLOW
-$193

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.

$334,900

PROJECTED PRICE

$1,820

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.18%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,605

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,838

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8203$1,9004$1,9505$2,100
$2,100
RENT COMPS ANALYSIS
  • 5008 Wise Bird Dr Windermere, 2
    • 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,702 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $1.07
    •  
  • 13626 Ancilla Blvd Windermere, 1
    • 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,641 Sqft ∙ Built 2006
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
  • 14218 Sonco Ave Windermere, 3
    • 4 beds 4 baths ∙ 1,761 Sqft ∙ Built 2004 4 beds 4 baths ∙ 1,761 Sqft ∙ Built 2004
    LEASED 06/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.08
    •  
  • 13349 Sunkiss Loop Windermere, 4
    • 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,746 Sqft ∙ Built 2005
    LEASED 07/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.12
    •  
  • 5425 Walsh Pond Ct Windermere, 5
    • 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 2006
    LEASED 07/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.02
    •  
PROPERTY LISTING DETAILS
Robert Fallon, Jr
1.407.292.5400
Keller Williams Classic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5885859
Last Updated: 08/20/2020
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