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6944 Trellis Vine Loop Windermere, FL 34786

3 Beds 2 Baths 2,477 sqft Built 2018

$479,800

List Price

$2,290

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $193.70
  • 4 Days on Market
  • MLS # : O5921528
  • Updated Date : 02/05/2021 at 11:30
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,477 sqft
  • Baths : 2 full
Listing Agent

Premier Sothebys Int'l Realty

Listing Agent's Description

Welcome home to this beautiful 'like new' Meritage "Essex" style home. This home features beautiful wood floors throughout all common areas, with carpets in the bedrooms and upstairs bonus room. The open spacious floor plan includes a gourmet-style kitchen with granite countertops, stainless steel appliances, a microwave and built-in oven wall unit and a cooktop/vent hood. This spacious eat-in kitchen area has plenty of windows to allow natural sunlight, a large walk-in pantry and a breakfast bar. The owner's bedroom suite has a spacious spa-style bathroom with dual vanities and a spacious walk-in closet. Both bathrooms include bathtubs and feature Tahoe painted stone cabinets with Silestone countertops. The bonus room upstairs features an "extra family room", with room for TV, workout equipment or additional "office space." The laundry room is located on the first floor with an extra storage area leading to the two-car garage which includes garage door openers. The spacious backyard is partially fenced and includes a pet-friendly "invisible fence." This community features "highly rated schools." Close to shopping and nearby all your favorite Disney Parks. Call to schedule a private tour or video tour today.

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

Zip Code: 34786

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Zip Code: 34786

ZipNIR 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
Sunset Park Elementary School Primary Regular 1,242 83 7
Bridgewater Middle School Middle Regular 1,373 72 6
Windermere High School High Unknown NA

Sunset Park Elementary School

  • Education Level: Primary
  • # of students: 1,242
  • # of teachers: 83
7
GreatSchools Rating

Bridgewater Middle School

  • Education Level: Middle
  • # of students: 1,373
  • # of teachers: 72
6
GreatSchools Rating

Windermere High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$431,820$527,780$479,800

PURCHASE PRICE

$2,061$2,519$2,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,290
EXPENSES Loan Payment -$1,667
Property Tax -$554
Property Insurance -$184
HOA -$107
Property Management Fees -$129
CASH FLOW
-$351

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.

$479,800

PROJECTED PRICE

$2,290

PROJECTED RENT

0.48%

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$1.2M

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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$132,897

INVESTMENT

$132,897

Down Payment
$119,950
Rehab Estimate
$5,750
Closing Costs
$7,197

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,667

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $119,950
Loan Amount $359,850
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,000

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,290

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,341

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,290
1$2,2902$2,2953$2,2954$2,3005$2,375
$2,375
RENT COMPS ANALYSIS
  • 6944 Trellis Vine Loop Windermere, FL 1
    • 3 beds 2 baths ∙ 2,477 Sqft ∙ Built 2018 3 beds 2 baths ∙ 2,477 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,290
    • $0.92
    •  
  • 12631 Overstreet Rd Windermere, FL 2
    • 3 beds 3 baths ∙ 2,399 Sqft ∙ Built 2008 3 beds 3 baths ∙ 2,399 Sqft ∙ Built 2008
    LEASED 05/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
  • 12508 Cragside Ln Windermere, FL 3
    • 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,392 Sqft ∙ Built 2007
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.96
    •  
  • 7224 Rambling Water Way Windermere, FL 4
    • 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,580 Sqft ∙ Built 2015
    LEASED 05/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.89
    •  
  • 12803 Holdenbury Ln Windermere, FL 5
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2006
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.97
    •  
PROPERTY LISTING DETAILS
Wendy Fischer
1.407.620.0713
Premier Sothebys Int'l Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921528
Last Updated: 02/05/2021
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