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726 Belle Terre Ct Winter Garden, FL 34787

5 Beds 3 Baths 2,743 sqft Built 2005

$429,000

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2005
  • Price/Sqft : $156.40
  • 11 Days on Market
  • MLS # : O5901565
  • Updated Date : 10/25/2020 at 13:09
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,743 sqft
  • Baths : 3 full
Listing Agent

Revolution Realty

Listing Agent's Description

Nestled in a cul-de-sac in the quiet tree lined community of Westfield Lakes, this well maintained 5/3 2743 sq. ft stunner is perfect for a growing family. New exterior paint. Gorgeous wood look tile throughout entire downstairs area. Open concept kitchen and family room are perfect for entertaining. Kitchen has beautiful white custom cabinetry with crown molding, stainless appliances, solid surface counter tops, island, breakfast bar, and plenty of storage. Family room pre-wired for surround sound. Off the family room is a nice screened in patio that opens up to a large fenced in yard with pergola and landscaping perfect for outdoor entertaining. Downstairs you will also find a full bedroom and bathroom. Upstairs has new luxury vinyl plank flooring and features 3 more bedrooms, full bath, and the master suite and bath. Master is HUGE with separate sitting area. Upstairs laundry for convenience. Home has dual AC units with allergen reducing UV lights and whole house water softener. Neighborhood amenities include 2 fishing docks on beautiful Lake Beulah, 2 play areas and a tennis court. Conveniently located close to major highways, Winter Garden Village, the West Orange Trail, and historic downtown Winter Garden.

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: Westfield

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450kPrice in $110k492k

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

Neighborhood: Westfield

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10292704

* 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
Lake Whitney Elementary School Primary Regular 598 40 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Lake Whitney Elementary School

  • Education Level: Primary
  • # of students: 598
  • # of teachers: 40
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
 

$386,100$471,900$429,000

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,583
Property Tax -$472
Property Insurance -$200
HOA -$54
Property Management Fees -$211
CASH FLOW
-$179

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.

$429,000

PROJECTED PRICE

$2,340

PROJECTED RENT

0.55%

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

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$119,435

INVESTMENT

$119,435

Down Payment
$107,250
Rehab Estimate
$5,750
Closing Costs
$6,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,583

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $107,250
Loan Amount $321,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$10,277

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,119

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9003$2,1954$2,2505$2,340
$2,340
RENT COMPS ANALYSIS
  • 726 Belle Terre Ct Winter Garden, FL 5
    • 5 beds 3 baths ∙ 2,743 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,743 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.85
    •  
  • 12343 Westfield Lakes Cir Winter Garden, FL 1
    • 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,617 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.67
    •  
  • 2204 Blackjack Oak St Ocoee, FL 2
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1997 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1997
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
  • 12525 Scarlett Sage Ct Winter Garden, FL 3
    • 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2001
    LEASED 06/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.87
    •  
  • 249 Doe Run Dr Winter Garden, FL 4
    • 5 beds 4 baths ∙ 2,770 Sqft ∙ Built 2005 5 beds 4 baths ∙ 2,770 Sqft ∙ Built 2005
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.81
    •  
PROPERTY LISTING DETAILS
Darby A Shields, Pa
1.407.928.3894
Revolution Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5901565
Last Updated: 10/25/2020
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