Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

5027 Winwood Way Orlando, FL 32819

4 Beds 2 Baths 2,411 sqft Built 1988

$499,900

List Price

$2,420

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $207.34
  • 25 Days on Market
  • MLS # : T3275450
  • Updated Date : 12/04/2020 at 15:52
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,411 sqft
  • Baths : 2 full
Listing Agent

Damron Realty

Listing Agent's Description

Do not miss out on this opportunity to be in beautiful Dr. Phillips. This newly renovated home features 4 bedrooms and 2 full baths. With its high ceilings, natural light, new flooring, and serene private back yard oasis, you'll be ready to call this home your own. There is plenty of backyard space with a completely refurbished pool, new pavers, and oversized outdoor living space. The great room features new wood-like tile, a wood-burning fireplace, french doors, and high ceilings that overlook the kitchen and outdoor living space. This quaint Dr. Phillips neighborhood features only 40 homes and is just minutes to superb restaurants, shopping, and all the amenities that Central Florida has to offer. Sellers are installing a brand new roof in early December! This home is a must-see -- all new kitchen appliances in 2020, new water heater in 2019, and the master ensuite features a Toto Neorest toilet.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Winwood

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $105k482k

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

Neighborhood: Winwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10292611

* 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
Palm Lake Elementary School Primary Regular 624 42 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Palm Lake Elementary School

  • Education Level: Primary
  • # of students: 624
  • # of teachers: 42
8
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
 

$449,910$549,890$499,900

PURCHASE PRICE

$2,178$2,662$2,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,420
EXPENSES Loan Payment -$1,844
Property Tax -$558
Property Insurance -$180
HOA -$34
Property Management Fees -$129
CASH FLOW
-$325

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.

$499,900

PROJECTED PRICE

$2,420

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.7%
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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,224

INVESTMENT

$138,224

Down Payment
$124,975
Rehab Estimate
$5,750
Closing Costs
$7,499

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,844

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $124,975
Loan Amount $374,925
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$10,590

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,420

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $2,417

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$2,300
1$2,3002$2,4003$2,4004$2,4205$2,689
$2,689
RENT COMPS ANALYSIS
  • 5027 Winwood Way Orlando, FL 4
    • 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,411 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $2,420
    • $1.00
    •  
  • 7813 Saranac Ct Orlando, FL 1
    • 4 beds 2 baths ∙ 2,296 Sqft ∙ Built 1980 4 beds 2 baths ∙ 2,296 Sqft ∙ Built 1980
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.00
    •  
  • 4360 Conroy Club Dr Orlando, FL 2
    • 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 3
    • 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
    •  
  • 5433 Rustic Pine Ct Orlando, FL 5
    • 3 beds 2 baths ∙ 2,483 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,483 Sqft ∙ Built 1986
    LEASED 06/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,689
    • $1.08
    •  
PROPERTY LISTING DETAILS
Mike Damron
1.813.469.1898
Damron Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3275450
Last Updated: 12/04/2020
BESbswy