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631 Oxford Chase Dr Winter Garden, FL 34787

3 Beds 3 Baths 2,554 sqft Built 2018

$489,900

List Price

$2,220

$2K - $2.4K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $191.82
  • 2 Days on Market
  • MLS # : O5915761
  • Updated Date : 01/10/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,554 sqft
  • Baths : 3 full
Listing Agent

La Rosa Realty Cw Properties L

Listing Agent's Description

STUNNING 3 BED 3 BATH WITH AN OFFICE, COULD BE CONVERTED TO A 4TH BEDROOM, OVER $40,000 IN BUILDER UPGRADES, FEATURES A STYLISH OPEN FLOOR PLAN, PLANK TILE IN ALL MAIN AREAS, BEAUTIFUL TRAY CEILINGS, AMAZING STONE WALL IN DINING AREA, HUGH KITCHEN WITH OVERSIZED ISLAND, GRANITE COUNTERS, UPGRADED CABINETS WITH CROWN MOLDING, DOUBLE OVENS, UPGRADED STAINLESS APPLIANCES, UNDER COUNTER WINE REFRIGERATOR, SUBWAY TILE BACKSPLASH, BUTLER PANTRY, LARGE LIVING ROOM OVERLOOKING THE 19 X 17 LANAI, HAS GAS LINE AND IS PRE-PLUMBED FOR A SUMMER KITCHEN,THE MASTER SUITE INCLUDES UPGRADED CABINETS & WALK IN SUPER SHOWER, GARDEN TUB AND A LARGE WALK IN CLOSET.OTHER FEATURES INCLUDE 5 1/4" BASEBOARDS THROUGHTOUT, SOUND BARRIER INSULATION FOR ENERGY EFFICIENCY AND SOUND DAMPENING. PRE-WIRED CABLE & CAT 5 INTERNET THROUGHTOUT WITH AN ACCESS PANEL IN THE LAUNDRY ROOM, PRE-WIRED GENERATOR OUTLET TO OUTSIDE ELECTRIC PANEL, SECURITY SYSTEM, OUTDOOR SPEAKERS WITH SONOS AMP, UPGRADED LIGHTING, 6 X 6 LAUNDRY ROOM WITH VANITY SINK, ECOBEE THERMOSTAT & RING DOORBELL, 3 WAY SPLIT PLAN,GARDEN DOOR TO LANAI, 3 CAR GARAGE AND A PREMIUM LOT OVERLOOKING POND. WONDERFUL LOCATION. WALK TO ELEMENTARY & MIDDLE SCHOOLS.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Tildenville

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Neighborhood: Tildenville

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

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$440,910$538,890$489,900

PURCHASE PRICE

$1,998$2,442$2,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,220
EXPENSES Loan Payment -$1,702
Property Tax -$539
Property Insurance -$189
HOA -$185
Property Management Fees -$129
CASH FLOW
-$523

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.

$489,900

PROJECTED PRICE

$2,220

PROJECTED RENT

0.45%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$5.0k$0.0$5.0k

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$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

0.5

YEARS SAVED

$823

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,220

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,241

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$2,075
1$2,0752$2,1953$2,2004$2,2205$2,350
$2,350
RENT COMPS ANALYSIS
  • 631 Oxford Chase Dr Winter Garden, FL 4
    • 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 2018 3 beds 3 baths ∙ 2,554 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,220
    • $0.87
    •  
  • 14287 Lagoon Cove Ln Winter Garden, FL 1
    • 3 beds 2 baths ∙ 2,365 Sqft ∙ Built 2008 3 beds 2 baths ∙ 2,365 Sqft ∙ Built 2008
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.88
    •  
  • 14470 Breakwater Way Winter Garden, FL 2
    • 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 2016
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.86
    •  
  • 15145 Spinnaker Cove Ln Winter Garden, FL 3
    • 4 beds 2 baths ∙ 2,528 Sqft ∙ Built 2005 4 beds 2 baths ∙ 2,528 Sqft ∙ Built 2005
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.87
    •  
  • 555 Marsh Reed Dr Winter Garden, FL 5
    • 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,603 Sqft ∙ Built 2013
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.90
    •  
PROPERTY LISTING DETAILS
Elizabeth Corino, Pa
1.407.314.8480
La Rosa Realty Cw Properties L
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915761
Last Updated: 01/10/2021
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