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814 Windergrove Ct Ocoee, FL 34761

4 Beds 2 Baths 1,862 sqft Built 1995

$399,900

List Price

$1,870

$1.7K - $2.1K

Rent Est.

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

MARKET HIGHLIGHTS

  • 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

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $110k401k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Plantation Grove West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000210022002300Rent in $9362327

* 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
 

$359,910$439,890$399,900

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$111,724

INVESTMENT

$111,724

Down Payment
$99,975
Rehab Estimate
$5,750
Closing Costs
$5,999

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,389

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,975
Loan Amount $299,925
See What Happens When You Reinvest Cash Flow

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
$1,200
1$1,2002$1,2503$1,3754$1,7505$1,870
$1,870
RENT COMPS ANALYSIS
  • 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
Shamira Brown
1.407.803.2199
Omnirealty Now Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5910915
Last Updated: 01/09/2021
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