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8084 Bowery Dr Winter Garden, FL 34787

4 Beds 3 Baths 3,009 sqft Built 2016

$420,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $139.58
  • 7 Days on Market
  • MLS # : O5916076
  • Updated Date : 01/12/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 3,009 sqft
  • Baths : 3 full
Listing Agent

Top Housing Llc

Listing Agent's Description

Gorgeous Two-Story Single-Family Home at Lake Hancock Preserve Community in Horizon West. This house features a convenient and spacious over 3,000 sqft floor plan with 4 bedrooms, bonus loft space, 3 bathrooms and a 2-car garage. Downstairs offers: ceramic tile floor throughout, formal living room, separate dining-family room, guest bedroom and full bathroom. Granite countertops in kitchen and stainless-steel appliances with an open layout perfect for entertainment. Oversized master suite with two walk-in closets and end-suite bath with dual sinks and garden tub. Upstairs also includes two additional bedrooms, full bathroom, and open bonus loft space. The outdoor rear patio is a great space for grilling and intimate gatherings. Community features Putting Green, Tot Lot, Park, Gazebo. Enjoy nightly views of the Disney Firework Display! Lawn Care is included in the HOA. Excellent schools! Community is conveniently located to Disney World, Orange County National Golf Center, Downtown Historic Winter Garden, Shopping & Restaurants at Winter Garden Village, SR-429 SR-535 and I-4.

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: 34787

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Zip Code: 34787

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292322

* 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
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,459
Property Tax -$492
Property Insurance -$126
HOA -$168
Property Management Fees -$129
CASH FLOW
-$263

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.

$420,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.50%

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$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

2.17

YEARS SAVED

$6,186

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $1.41

    LIST RENT PER SQFT
  • $1,244

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,4993$2,110
$2,110
RENT COMPS ANALYSIS
  • 8084 Bowery Dr Winter Garden, FL 3
    • 4 beds 3 baths ∙ 1,499 Sqft ∙ Built 2016 4 beds 3 baths ∙ 1,499 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $1.41
    •  
  • 6502 Old Carriage Rd Winter Garden, FL 1
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.78
    •  
  • 7454 Tattant Blvd Windermere, FL 2
    • 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,708 Sqft ∙ Built 2009
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.88
    •  
PROPERTY LISTING DETAILS
Sofia Bastardo
1.407.860.2429
Top Housing Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5916076
Last Updated: 01/12/2021
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