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8108 Gray Kingbird Dr Winter Garden, FL 34787

4 Beds 3 Baths 2,499 sqft Built 2018

$464,900

List Price

$2,340

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $186.03
  • 2 Days on Market
  • MLS # : O5918923
  • Updated Date : 01/24/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,499 sqft
  • Baths : 3 full
Listing Agent

Sunny 365 Realty Group

Listing Agent's Description

Spectacular 4 bed, 3 baths, giant driveway, fenced home complete with a gate on an extra-large lot full of upgrades in the desirable community of Summerlake. 100% Energy Star 3.1 certified MI Homebuilder. Open floor plan with the family room located at the rear of the home with plenty of natural light from the sliding glass door leading to the sunroom and the fenced backyard. From the moment you enter you will be surprised with all the details that this house has to offer. Porcelain floors in neutral colors in the common areas. The kitchen features extra-thick quartz countertops, a three-door refrigerator, a wine cooler, and a gourmet kitchen. Enjoy beautiful sunsets in the back garden with extended pavers where it can accommodate 6 cars in the driveway and space for large celebrations, it also has a mini-golf with three holes, and all this space has more than $ 12,000 in the fence with gate. The wooden staircase with railings leads to the second laminate floor in the common areas. The main bedroom has a huge closet and a sitting area with sunset views. This house has everything you can dream of. Come and make it your home.

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$418,410$511,390$464,900

PURCHASE PRICE

$2,106$2,574$2,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,340
EXPENSES Loan Payment -$1,615
Property Tax -$544
Property Insurance -$185
HOA -$189
Property Management Fees -$129
CASH FLOW
-$322

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.

$464,900

PROJECTED PRICE

$2,340

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$1.4M

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$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$128,949

INVESTMENT

$128,949

Down Payment
$116,225
Rehab Estimate
$5,750
Closing Costs
$6,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,615

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $116,225
Loan Amount $348,675
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,076

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,340

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,374

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,340
1$2,3402$2,3953$2,3954$2,4005$2,500
$2,500
RENT COMPS ANALYSIS
  • 8108 Gray Kingbird Dr Winter Garden, FL 1
    • 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $2,340
    • $0.94
    •  
  • 15112 Night Heron Dr Winter Garden, FL 2
    • 5 beds 3 baths ∙ 2,638 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,638 Sqft ∙ Built 2017
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.91
    •  
  • 15280 Night Heron Dr Winter Garden, FL 3
    • 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,683 Sqft ∙ Built 2017
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.89
    •  
  • 7755 Purple Finch St Winter Garden, FL 4
    • 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2016
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
  • 15469 Porter Rd Winter Garden, FL 5
    • 5 beds 3 baths ∙ 2,460 Sqft ∙ Built 2015 5 beds 3 baths ∙ 2,460 Sqft ∙ Built 2015
    LEASED 08/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.02
    •  
PROPERTY LISTING DETAILS
Angela Rodriguez
1.407.873.8379
Sunny 365 Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918923
Last Updated: 01/24/2021
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