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822 Havenwood Dr 
Orlando, FL
32828
4 Beds 3 Baths 2,346 sqft
Built 1993
INVESTimate
$399,900
List Price
$111,724
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PROPERTY INFO
FACTS
- Built In 1993
- Price/Sqft : $170.46
- 3 Days on Market
- MLS # : O5887339
- Updated Date : 08/25/2020 at 13:57
CONSTRUCTION
- Beds : 4
- Floor Size : 2,346 sqft
- Baths : 3 full
Listing Agent
Z House Realty Group
Listing Agent's Description
Previously a model home and loaded with amenities. This recently renovated Waterford Lakes POOL home offers 4 bedrooms and 3 FULL baths. Approach a tiled front porch and enter through double doors into a tiled foyer with archways leading to split formals. For maximum versatility, the living room has french doors, making it an ideal office or homeschool location. Wood-look tile provides seamless elegance throughout the main living areas. The huge kitchen is the true heart of the home features 42” cherry cabinets with crown molding, plenty of drawers for organized storage, a convenient lazy-susan, pull-out garbage and recycling bins, stainless steel convection oven and microwave as well as a new stainless refrigerator. The large counter with breakfast bar is great for family food prep, homework or parties. Vaulted ceilings, some with skylights make the space feel open and light. The family room overlooks the pool and patio. To one side, two bedrooms, both with walk-in closets share the pool bath and are near the laundry room. A third bedroom and bath are opposite, located next to the master bedroom. The master offers dual walk-in closets and en suite bath. All baths have gorgeous NEW cabinets and solid surface countertops. The master bath was fully renovated, including new shower tile, new glass surround, garden tub, cabinets, counters and mirrors. The backyard is fully fenced. The screened pool area provides plenty of room for outdoor fun. The extended garage offers room for large trucks/SUV’s. The Homeowners in Finn’s Cove II enjoy a pool, exercise facility and clubhouse with basketball and tennis courts. This well designed Waterford Lakes home is close to everything - schools, restaurants, shopping, major roads and entertainment. See it today!
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Huckleberry Fields
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Huckleberry Fields
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,020 |
| EXPENSES | Loan Payment | -$1,475 |
| Property Tax | -$455 | |
| Property Insurance | -$176 | |
| HOA | -$18 | |
| Property Management Fees | -$182 | |
|
CASH FLOW
-$287
|
||
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
$2,020
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 6.06% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$111,724
LOAN DETAILS
$1,475
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $99,975 |
| Loan Amount | $299,925 |
1.42
YEARS SAVED
$3,708
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,020
LIST RENT -
$0.86
LIST RENT PER SQFT
-
$1,994
COMP ESTIMATED VALUE -
$0.85
COMP AVG. RENT PER SQFT
Comps Range
-
822 Havenwood Dr Orlando, 4
- 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 1993
![property image]()
- Rent
- Rent Per SQFT
- $2,020
- $0.86
-
12807 Waterhaven Cir Orlando, 1
- 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,033 Sqft ∙ Built 1993
![property image]()
LEASED 10/02/19- Rent
- Rent Per SQFT
- $1,695
- $0.83
-
128 Sandhill Crane Run Orlando, 2
- 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,147 Sqft ∙ Built 1994
![property image]()
LEASED 08/18/20- Rent
- Rent Per SQFT
- $1,795
- $0.84
-
12424 Wilcox Ct #1 Orlando, 3
- 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,346 Sqft ∙ Built 1993
![property image]()
LEASED 11/12/19- Rent
- Rent Per SQFT
- $1,999
- $0.85
-
1344 Lochbreeze Way Orlando, 5
- 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,487 Sqft ∙ Built 1994
![property image]()
LEASED 03/24/20- Rent
- Rent Per SQFT
- $2,200
- $0.88
PROPERTY LISTING DETAILS
1.321.460.0665
Z House Realty Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5887339
Last Updated: 08/25/2020
