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

524 Indian Oaks Rd Winter Garden, FL 34787

4 Beds 3 Baths 2,232 sqft Built 2005

$325,000

List Price

$1,920

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $145.61
  • 3 Days on Market
  • MLS # : O5904340
  • Updated Date : 11/14/2020 at 14:07
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,232 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Heritage Realt

Listing Agent's Description

One or more photo(s) has been virtually staged. Welcome Home to this fabulous Winter Oaks home, just steps from downtown Winter Garden & the Plant Street Market! Spend your weekends shopping the Farmer's Market, visiting the quaint shops & boutiques, sampling the delicious offerings at the restaurants & cafes or stop in for a cold one at Crooked Can Brewery! Winter Oaks is an idyllic, Golf Cart Friendly community, featuring timeless Craftsman-style Homes, a Community Pool and Playground as well as it’s own private access gate to Veterans Park. Homes in this neighborhood do not become available very often! This lovely 4 BR, 2.5 bath home has a spacious front porch overlooking a scenic, tranquil pond. Wait until you see the inside with it's newer interior paint, BRAND NEW carpet in the upstairs living space, NEWer double pane WINDOWS and a fabulous, private downstairs Master Suite! Open gourmet Kitchen overlooks the Family Room (currently being utilized as a Dining Room). Separate Living Room/Dining Room combo, plus a half bath for your guests, rounds out the downstairs living space. Awesome upstairs Bonus Loft/Game Room, in addition to 3 bedrooms & a large bath. Rear-entry 2-car garage with alley access! Large covered open rear patio too! You'll be hard pressed to find a home offering more than this one, at THIS price, in this area! You'd better HURRY on this one! Call us today!

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

Neighborhood: Winter Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k361k

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

Neighborhood: Winter Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10282320

* 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
Tildenville Elementary School Primary Magnet 540 37 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Tildenville Elementary School

  • Education Level: Primary
  • # of students: 540
  • # of teachers: 37
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,728$2,112$1,920

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,920
EXPENSES Loan Payment -$1,199
Property Tax -$372
Property Insurance -$169
HOA -$115
Property Management Fees -$173
CASH FLOW
-$108

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.

$325,000

PROJECTED PRICE

$1,920

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.4%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$6,619

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,920

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,886

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7503$1,9004$1,9205$2,100
$2,100
RENT COMPS ANALYSIS
  • 524 Indian Oaks Rd Winter Garden, FL 4
    • 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,232 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,920
    • $0.86
    •  
  • 638 Autumn Oaks Loop Winter Garden, FL 1
    • 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,044 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.78
    •  
  • 531 Clancy St Winter Garden, FL 2
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2005
    LEASED 12/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.79
    •  
  • 343 Grand Royal Cir Winter Garden, FL 3
    • 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,260 Sqft ∙ Built 2001
    LEASED 07/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.84
    •  
  • 522 Blankenship Ln Winter Garden, FL 5
    • 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 1990 3 beds 2 baths ∙ 2,170 Sqft ∙ Built 1990
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
PROPERTY LISTING DETAILS
Kristin Mazza
Keller Williams Heritage Realt
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5904340
Last Updated: 11/14/2020
BESbswy