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7319 Ella Ln Windermere, FL 34786

4 Beds 4 Baths 2,461 sqft Built 2015

$385,900

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 01, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $156.81
  • 6 Days on Market
  • MLS # : O5909140
  • Updated Date : 12/02/2020 at 13:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,461 sqft
  • Baths : 3 full , 1 half
Listing Agent

Wra Real Estate Solutions Llc

Listing Agent's Description

Beautiful 4 bedroom 3.5 bathroom full of upgrades. The house has two master suites - one in the first floor and one in the second floor with level 2 laminate floor. Two bedrooms with a convenient Jack & Jill bathroom and a mezzanine in the second floor. The kitchen is equipped with stainless steel appliances, granite counter tops and back splash. The back space between the detached 2 car garage and the house is fenced and brick paved. This amazing community has a great location and lawn care is included. Don't miss this opportunity.

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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

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
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
 

$347,310$424,490$385,900

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$1,424
Property Tax -$452
Property Insurance -$172
HOA -$136
Property Management Fees -$129
CASH FLOW
-$233

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.

$385,900

PROJECTED PRICE

$2,080

PROJECTED RENT

0.54%

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-$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$108,014

INVESTMENT

$108,014

Down Payment
$96,475
Rehab Estimate
$5,750
Closing Costs
$5,789

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,424

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,475
Loan Amount $289,425
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,295

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,054

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0003$2,0804$2,1005$2,375
$2,375
RENT COMPS ANALYSIS
  • 7319 Ella Ln Windermere, FL 3
    • 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,282 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $0.91
    •  
  • 13231 Overstreet Rd Windermere, FL 1
    • 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,306 Sqft ∙ Built 2013
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.87
    •  
  • 13082 Kegan Street Windermere, FL 2
    • 3 beds 3 baths ∙ 2,207 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,207 Sqft ∙ Built 2015
    property image
    LEASED 08/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.91
    •  
  • 7349 Ella Ln Windermere, FL 4
    • 4 beds 4 baths ∙ 2,461 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,461 Sqft ∙ Built 2015
    property image
    LEASED 12/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.85
    •  
  • 12803 Holdenbury Ln Windermere, FL 5
    • 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,439 Sqft ∙ Built 2006
    property image
    LEASED 08/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,375
    • $0.97
    •  
PROPERTY LISTING DETAILS
Thiago De Ataide
1.407.745.9283
Wra Real Estate Solutions Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5909140
Last Updated: 12/02/2020
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