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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34787
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$117,050
LOAN DETAILS
$1,459
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $105,000 |
| Loan Amount | $315,000 |
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
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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
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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
1.407.860.2429
Top Housing Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5916076
Last Updated: 01/12/2021
