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6920 Helmsley Cir Windermere, FL 34786

3 Beds 2 Baths 2,156 sqft Built 2009

$350,000

List Price

$2,100

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2009
  • Price/Sqft : $162.34
  • 4 Days on Market
  • MLS # : O5906747
  • Updated Date : 11/20/2020 at 12:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,156 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

This one story home has a great floor plan with a large roomy living and dining room combo. The large eat in kitchen has lots of granite counter space and 42 inch wood cabinets. 10 ft. high ceilings, and tile floors in all the living areas. The large master bedroom features a tray ceiling and French doors. The master bath offers two vanities, a garden tub and separate shower. The charming front porch is ideal for relaxing in this quiet tree lined neighborhood. Near shopping, restaurants, and parks and a quick under 30 minute drive to Disney, Universal and Sea World. Zoned for excellent schools.

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: Preston Square

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Neighborhood: Preston Square

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
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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,890$2,310$2,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,100
EXPENSES Loan Payment -$1,291
Property Tax -$403
Property Insurance -$165
HOA -$80
Property Management Fees -$189
CASH FLOW
-$28

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.

$350,000

PROJECTED PRICE

$2,100

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.1%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$15,888

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,100

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,318

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,1504$2,3505$2,500
$2,500
RENT COMPS ANALYSIS
  • 6920 Helmsley Cir Windermere, FL 2
    • 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 2009 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.97
    •  
  • 12659 Arley Dr Windermere, FL 1
    • 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 2004 3 beds 3 baths ∙ 1,958 Sqft ∙ Built 2004
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $1.07
    •  
  • 12642 Cragside Ln Windermere, FL 3
    • 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,972 Sqft ∙ Built 2003
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.09
    •  
  • 7231 Rambling Water Way Windermere, FL 4
    • 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,193 Sqft ∙ Built 2016
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.07
    •  
  • 7235 Sunny Meadow Aly Windermere, FL 5
    • 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,337 Sqft ∙ Built 2016
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.07
    •  
PROPERTY LISTING DETAILS
Linda Mieczkowski
1.321.695.5284
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5906747
Last Updated: 11/20/2020
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