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

6532 Earthgold Dr Windermere, FL 34786

4 Beds 2 Baths 2,005 sqft Built 2003

$359,625

List Price

$2,010

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $179.36
  • 4 Days on Market
  • MLS # : O5910841
  • Updated Date : 12/11/2020 at 17:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,005 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

**View 3D Walkthrough** Beautiful 4/2 in Windermere's Eden Isle Now Available. This home was recently updated. New Features include Fully Renovated Master Bathroom (2020 New Shower/Tub, New Tile, New Toliet, New Vanity, etc.), New HVAC (2018), New Dishwasher, New Guest Bathroom Vanity, Newer Cabinets in Laundry Room (2017), New Water Shutoff Valve, and more. The property in Pond- facing and features a Fully Fenced Yard. This is a Private Gated Community with Lake Access to the Skiable Lake Speer (233 acre lake). The community has a Private Community Boat Ramp and Community Playground. Just minutes to Disney, Parks/Attractions. Convenient to Restaurants and Retail of Winter Garden Village, with Easy Access to Major Roadways (I4, 408, Turnpike, etc). Don't miss your opportunity to own this great home. Schedule your private showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Eden Isle

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Neighborhood: Eden Isle

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
 

$323,663$395,588$359,625

PURCHASE PRICE

$1,809$2,211$2,010

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,010
EXPENSES Loan Payment -$1,327
Property Tax -$421
Property Insurance -$156
HOA -$96
Property Management Fees -$129
CASH FLOW
-$119

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.

$359,625

PROJECTED PRICE

$2,010

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.3%
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

PROJECTED ANNUAL CASH FLOW

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

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$101,051

INVESTMENT

$101,051

Down Payment
$89,906
Rehab Estimate
$5,750
Closing Costs
$5,394

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,327

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,906
Loan Amount $269,719
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$14,482

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,010

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,980

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$2,0104$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 6532 Earthgold Dr Windermere, FL 3
    • 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,010
    • $1.00
    •  
  • 6463 New Independence Pkwy Winter Garden, FL 1
    • 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2005 3 beds 3 baths ∙ 2,184 Sqft ∙ Built 2005
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 13839 Bridgewater Crossings Blvd Windermere, FL 2
    • 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,936 Sqft ∙ Built 2015
    LEASED 04/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.01
    •  
  • 14309 Pleach St Winter Garden, FL 4
    • 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,071 Sqft ∙ Built 2010
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.01
    •  
  • 6705 Burnley Ln Windermere, FL 5
    • 4 beds 2 baths ∙ 2,115 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,115 Sqft ∙ Built 2014
    LEASED 01/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.04
    •  
PROPERTY LISTING DETAILS
Mike Long
1.407.325.4104
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5910841
Last Updated: 12/11/2020
BESbswy