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
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Tildenville
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$135,574
LOAN DETAILS
$1,702
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $122,475 |
| Loan Amount | $367,425 |
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
-
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
1.407.314.8480
La Rosa Realty Cw Properties L
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5915761
Last Updated: 01/10/2021
