Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1995
- Price/Sqft : $214.77
- 33 Days on Market
- MLS # : O5910915
- Updated Date : 01/09/2021 at 22:19
CONSTRUCTION
- Beds : 4
- Floor Size : 1,862 sqft
- Baths : 2 full
Listing Agent
Omnirealty Now Llc
Listing Agent's Description
Expect to be impressed by this immaculately renovated 4 bedroom, 2 bath home in the highly desired neighborhood of Windermere Groves! No expense was spared and every inch of this home has been exceptionally adorned. Renovations include: new roof, all new flooring throughout, fresh interior/exterior paint, updated plumbing, new interior doors, new light fixtures, new baseboards, new crown molding and updated landscaping. The expansive kitchen has gotten a complete overhaul and features granite countertops, brand new wood cabinets, beautiful backsplash and stainless steel appliances. The remodeled bathrooms have been generously embellished with quartz countertops, new vanities, new fixtures and new tiles. Boasting nearly 1900 square feet, this home is perfectly situated on an oversized quarter acre lot and also offers soaring vaulted ceilings and an enclosed porch. Windermere Groves is an upscale community that is on the Windermere/Ocoee border and zoned for great schools. Convenient access to all major highways (408, Turnpike, 417) will get you to the theme parks, Downtown Orlando and MCO very easily. Shopping, dining and major hospitals are minutes away. This home is not to be missed! Call your agent to setup your showing today!
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
Neighborhood: Plantation Grove West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Plantation Grove West
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,870 |
| EXPENSES | Loan Payment | -$1,389 |
| Property Tax | -$505 | |
| Property Insurance | -$147 | |
| HOA | -$94 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$394
|
||
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.
$399,900
PROJECTED PRICE
$1,870
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 7.7% |
| 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
$111,724
LOAN DETAILS
$1,389
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
0.83
YEARS SAVED
$1,287
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,392
COMP ESTIMATED VALUE -
$0.75
COMP AVG. RENT PER SQFT
Comps Range
-
814 Windergrove Ct Ocoee, FL 5
- 4 beds 2 baths ∙ 1,862 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,862 Sqft ∙ Built 1995
- Rent
- Rent Per SQFT
- $1,870
- $1.00
-
36 Heather Green Ct Ocoee, FL 1
- 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1992
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,200
- $0.70
-
1 Moor Green Ct Ocoee, FL 2
- 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,811 Sqft ∙ Built 1992
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,250
- $0.69
-
2351 Wales Ct Ocoee, FL 3
- 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1997
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,375
- $0.73
-
1357 Glenwick Dr Windermere, FL 4
- 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,022 Sqft ∙ Built 2002
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,750
- $0.87
PROPERTY LISTING DETAILS
1.407.803.2199
Omnirealty Now Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5910915
Last Updated: 01/09/2021
