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PROPERTY INFO
FACTS
- Single Family
- Built In 2012
- Price/Sqft : $159.69
- 5 Days on Market
- MLS # : O5922998
- Updated Date : 02/12/2021 at 09:49
CONSTRUCTION
- Beds : 4
- Floor Size : 2,818 sqft
- Baths : 3 full
Listing Agent
Coldwell Banker Tony Hubbard
Listing Agent's Description
This beautiful 4 bedroom, 3 bath home is located in the much desired Summerlake Community in Winter Garden and priced to SELL. Want to be close to DISNEY, then this is it as it is only 1 MILE from the back gates. Enjoy setting on your screened porch and watch the FIREWORKS display every night. The home has many upgrades which include NEW EXTERIOR PAINT, CROWN MOLDING, 42" KITCHEN CABINETS, STAINLESS STEEL APPLIANCES,WINE REFRIGERATOR, and a REMODELED LAUNDRY ROOM with lots of cabinet storage space. There is a bedroom downstairs along with a full bathroom which is perfect for having house guest. Upstairs you will find the Master Suite, other 3 Bedrooms, and a spacious loft. Extra long driveway with plenty of parking (4 cars) when you have guest over. The neighborhood is AMAZING with so much to do. Enjoy the resort style with the CLUBHOUSE, POOL, SPLASH PAD, FITNESS CENTER, BASKETBALL & TENNIS COURTS, TOT LOT, DOG PARK, POND, WALKING/JOGGING/BIKING TRAILS, PARK and COMMON AREAS. Don't like to mow? No worries there. The HOA includes MOWING, TRIMMING, and PEST CONTROL. Schedule your showing today and become the owner of this AMAZING home and COMMUNITY. It will NOT last long.
SEE MORE
- 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)
- Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)
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 | $2,240 |
| EXPENSES | Loan Payment | -$1,563 |
| Property Tax | -$527 | |
| Property Insurance | -$205 | |
| HOA | -$188 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$372
|
||
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.
$450,000
PROJECTED PRICE
$2,240
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
$125,000
LOAN DETAILS
$1,563
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $112,500 |
| Loan Amount | $337,500 |
1.33
YEARS SAVED
$2,771
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,240
LIST RENT -
$0.79
LIST RENT PER SQFT
-
$2,226
COMP ESTIMATED VALUE -
$0.79
COMP AVG. RENT PER SQFT
Comps Range
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8135 Laughing Gull St Winter Garden, FL 4
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- $2,150
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-
8112 Laughing Gull St Winter Garden, FL 3
- 4 beds 3 baths ∙ 2,697 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,697 Sqft ∙ Built 2013
LEASED 09/18/20- Rent
- Rent Per SQFT
- $2,200
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8084 Bowery Dr Winter Garden, FL 5
- 4 beds 3 baths ∙ 3,009 Sqft ∙ Built 2016 4 beds 3 baths ∙ 3,009 Sqft ∙ Built 2016
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,375
- $0.79
PROPERTY LISTING DETAILS
1.407.235.4920
Coldwell Banker Tony Hubbard
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5922998
Last Updated: 02/12/2021
