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8101 Surf Bird St Winter Garden, FL 34787

3 Beds 3 Baths 2,778 sqft Built 2015

INVESTimate

$415,900

List Price

$2,260

$2,034 - $2,486

Rent Est.

$442,476  ( +6.39%)   1 YR EST. FORECAST

PROPERTY INFO

FACTS
  • Built In 2015
  • Price/Sqft : $149.71
  • 49 Days on Market
  • MLS # : O5876150
  • Updated Date : 08/22/2020 at 20:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,778 sqft
  • Baths : 2 full , 1 half
Listing Agent

Florida Homes Realty & Mtg

Listing Agent's Description

This is an incredible well thought out spacious luxury home in the Summerlake Community. It is very close to world class dinning and shopping. This was custom built with too many extras to list. There is room for the whole extended family to gather for Holidays and their extended Quarantine needs. So much to do outdoors as well with resort like community amenities. Pool, Tennis Basketball, playground, dog park and miles of sidewalk and walking/biking trails Call now for an immediate showing.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

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
 

$374,310$457,490$415,900

PURCHASE PRICE

$2,034$2,486$2,260

RENT

DOWN PAYMENT
FINANCING

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-$10k-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,260
EXPENSES Loan Payment -$1,534
Property Tax -$487
Property Insurance -$202
HOA -$189
Property Management Fees -$203
CASH FLOW
-$356

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.

$415,900

PROJECTED PRICE

$2,260

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.39%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$115,964

INVESTMENT

$115,964

Down Payment
$103,975
Rehab Estimate
$5,750
Closing Costs
$6,239

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 70% down payment or higher enables the proceeds from the asset to cover all costs.

$1,534

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $103,975
Loan Amount $311,925
See What Happens When You Reinvest Cash Flow

0.67

YEARS SAVED

$1,471

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,260

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $2,334

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1003$2,2604$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 8101 Surf Bird St Winter Garden, 3
    • 3 beds 3 baths ∙ 2,778 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,778 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,260
    • $0.81
    •  
  • 7927 Winter Wren St Winter Garden, 1
    • 3 beds 3 baths ∙ 2,758 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,758 Sqft ∙ Built 2013
    property image
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.76
    •  
  • 14724 Arctic Tern Ln Winter Garden, 2
    • 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,730 Sqft ∙ Built 2013
    property image
    LEASED 12/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 7853 Iceland Gull St Winter Garden, 4
    • 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2013
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.92
    •  
  • 14841 Porter Rd Winter Garden, 5
    • 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,754 Sqft ∙ Built 2014
    property image
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.91
    •  
PROPERTY LISTING DETAILS
James Angelo
1.904.881.2178
Florida Homes Realty & Mtg
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5876150
Last Updated: 08/22/2020
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