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PROPERTY INFO
FACTS
- Single Family
- Built In 2010
- Price/Sqft : $204.74
- 3 Days on Market
- MLS # : O5918172
- Updated Date : 01/22/2021 at 15:37
CONSTRUCTION
- Beds : 3
- Floor Size : 1,709 sqft
- Baths : 2 full
Listing Agent
Redfin Corporation
Listing Agent's Description
One or more photo(s) has been virtually staged. Sunsets and Fireworks! Watch the sun go down through wooded conservation from your back patio, and then witness the magic of Disney fireworks over the water from your pond-facing front rocker porch. It's Florida living at its finest! Inside, this 3 bedroom, 2 bath luxury home has an attractive floor plan that flows beautifully. The bedrooms are organized in a split-plan arrangement, the gathering areas are open and accessible, and the interior laundry room w/ utility sink sits adjacent to the 2-car garage for convenience. Full of upgrades, this property strives to make life easy. The interior has been freshly painted, brand new vinyl wood plank flooring has been installed (tile in wet areas), and durable granite counter tops add style and design throughout. *A full list of upgrades/updates is available upon request. 3-panel sliding glass doors open up the interior to a screen-enclosed back porch with 15' X 15' extended paver patio overlooking stunning conservation. And the covered front rocker porch faces a tree-lined pond w/ walking trail, ensuring no direct neighbors in front or back. Pure nature meets luxury and convenience, and of course amazing fireworks. Come meet your new home, today!
SEE MORE
- 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: Lake Sawyer South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake Sawyer South
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,215 |
| Property Tax | -$410 | |
| Property Insurance | -$138 | |
| HOA | -$42 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$26
|
||
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.
$349,900
PROJECTED PRICE
$1,960
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 4.7% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$98,474
LOAN DETAILS
$1,215
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $87,475 |
| Loan Amount | $262,425 |
5.67
YEARS SAVED
$22,329
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,960
LIST RENT -
$1.15
LIST RENT PER SQFT
-
$1,957
COMP ESTIMATED VALUE -
$1.15
COMP AVG. RENT PER SQFT
Comps Range
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7616 Brofield Ave Windermere, FL 2
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8424 Greenbank Blvd Windermere, FL 1
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LEASED 01/24/20- Rent
- Rent Per SQFT
- $2,000
- $1.15
-
7924 Brofield Ave Windermere, FL 4
- 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2011
LEASED 05/15/20- Rent
- Rent Per SQFT
- $2,000
- $1.17
-
7513 Tattant Blvd Windermere, FL 5
- 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2009
LEASED 03/20/20- Rent
- Rent Per SQFT
- $2,050
- $1.20
PROPERTY LISTING DETAILS
1.407.808.5353
Redfin Corporation
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5918172
Last Updated: 01/22/2021
