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806 Windergrove Ct Ocoee, FL 34761

4 Beds 3 Baths 2,381 sqft Built 1994

$489,000

List Price

$2,250

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $205.38
  • 1 Days on Market
  • MLS # : O5951709
  • Updated Date : 07/13/2021 at 15:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,381 sqft
  • Baths : 3 full
Listing Agent

Charles Rutenberg Realty Orlando

Listing Agent's Description

Welcome home! This spacious and newly renovated house is located on a quiet cul-de-sac. Brand new floors, brand new quartz countertops have been installed throughout the home. The master bedroom boasts a state of the art his/her shower and a stand alone tub. The kitchen has a oversized island. The family room/kitchen combo is an ideal and spacious place to make memories with family and friends. The large windows in the family room provide a lot of natural light as do all the other patio doors and windows throughout the home. Home is vacant and move in ready. Location is close to several major highways. Winter Park Village is a short drive way.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Plantation Grove West

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $110k401k

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

Neighborhood: Plantation Grove West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9362327

* 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
Westbrooke Elementary School Primary Regular 611 42 7
Sunridge Middle School Middle Unknown 1,260 64 NA
West Orange High School High Regular 3,835 178 6

Westbrooke Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 42
7
GreatSchools Rating

Sunridge Middle School

  • Education Level: Middle
  • # of students: 1,260
  • # of teachers: 64
NA
GreatSchools Rating

West Orange High School

  • Education Level: High
  • # of students: 3,835
  • # of teachers: 178
6
GreatSchools Rating
 

$440,100$537,900$489,000

PURCHASE PRICE

$2,025$2,475$2,250

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,250
EXPENSES Loan Payment -$1,698
Property Tax -$618
Property Insurance -$178
HOA -$94
Property Management Fees -$129
CASH FLOW
-$468

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.

$489,000

PROJECTED PRICE

$2,250

PROJECTED RENT

0.46%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$10k-$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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,698

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,744

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,250

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,327

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2503$2,4004$2,5005$2,500
$2,500
RENT COMPS ANALYSIS
  • 806 Windergrove Ct Ocoee, FL 2
    • 4 beds 3 baths ∙ 2,381 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,381 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.94
    •  
  • 161 Chickasaw Berry Rd Ocoee, FL 1
    • 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,446 Sqft ∙ Built 2012
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.86
    •  
  • 311 Partridge Pea Ln Ocoee, FL 3
    • 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2013
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.99
    •  
  • 1998 Bent Grass Ave Ocoee, FL 4
    • 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,419 Sqft ∙ Built 2013
    LEASED 07/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
  • 149 Chickasaw Berry Rd Ocoee, FL 5
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2011
    LEASED 06/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.03
    •  
PROPERTY LISTING DETAILS
Sofia Naseem
1.407.308.5393
Charles Rutenberg Realty Orlando
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5951709
Last Updated: 07/13/2021
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