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8135 Laughing Gull St Winter Garden, FL 34787

4 Beds 3 Baths 2,818 sqft Built 2012

$450,000

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

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
Independence Elementary School Primary Unknown NA
Bridgewater Middle School Middle Regular 1,373 72 6
Windermere High School High Unknown NA

Independence Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Bridgewater Middle School

  • Education Level: Middle
  • # of students: 1,373
  • # of teachers: 72
6
GreatSchools Rating

Windermere High School

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$405,000$495,000$450,000

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

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

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$125,000

INVESTMENT

$125,000

Down Payment
$112,500
Rehab Estimate
$5,750
Closing Costs
$6,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,563

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,500
Loan Amount $337,500
See What Happens When You Reinvest Cash Flow

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
$2,095
1$2,0952$2,1503$2,2004$2,2405$2,375
$2,375
RENT COMPS ANALYSIS
  • 8135 Laughing Gull St Winter Garden, FL 4
    • 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,818 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.79
    •  
  • 7927 Winter Wren St Winter Garden, FL 1
    • 3 beds 3 baths ∙ 2,758 Sqft ∙ Built 2013 3 beds 3 baths ∙ 2,758 Sqft ∙ Built 2013
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.76
    •  
  • 14557 Spotted Sandpiper Blvd Winter Garden, FL 2
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 2013
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.79
    •  
  • 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
    • $0.82
    •  
  • 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
Kristi Lowery
1.407.235.4920
Coldwell Banker Tony Hubbard
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5922998
Last Updated: 02/12/2021
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