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8450 Powder Ridge Trl Windermere, FL 34786

4 Beds 4 Baths 2,633 sqft Built 2016

$449,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $170.53
  • 5 Days on Market
  • MLS # : S5044736
  • Updated Date : 01/09/2021 at 09:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,633 sqft
  • Baths : 3 full , 1 half
Listing Agent

Sunshine Florida Realty, Inc

Listing Agent's Description

Come see the only BUNGALOW of its kind for sale in Windermere Trails! This Corner LOT residence is water facing and has many potentials for the new owner to add privacy fence and design outdoor area with a private pool. The property boasts 2,633 SqFt of living space bright and airy floor plan featuring 4 bedrooms plus 1 bonus room, 3 bathrooms, 1 powder bath, detached 2 car garage with and a complete garage apartment right above it featuring TV room, kitchen space, walk-in closet, and a suite. The garage apartment can be used as mother-in-law suite or bonus rental unit. Located in the main level, the kitchen is outfitted with stainless steel appliances, solid wood cabinetry, Granite countertops, a walk-in pantry, and a kitchen island with eating space. This friendly community is situated just minutes away from the Windermere school district grades A+, great shopping, Publix supermarket, and restaurants at Lakeside Village plaza. The amenities include a community pool with a water view, a dog park, a playground, and walking trails. Sold as seen, as it is and ready to go. Outstanding value! Don't miss this opportunity, schedule your showing now!

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

Zip Code: 34786

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Zip Code: 34786

ZipNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10293062

* 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
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,560
Property Tax -$526
Property Insurance -$193
HOA -$55
Property Management Fees -$129
CASH FLOW
-$423

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.

$449,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.45%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.1%
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-$10k-$5.0k$0.0$5.0k

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$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,988

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,040

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $2,574

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,040
1$2,0402$2,4003$2,4504$2,6505$2,700
$2,700
RENT COMPS ANALYSIS
  • 8450 Powder Ridge Trl Windermere, FL 1
    • 4 beds 4 baths ∙ 2,633 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,633 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $0.77
    •  
  • 8347 Lookout Pointe Dr Windermere, FL 2
    • 4 beds 4 baths ∙ 2,616 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,616 Sqft ∙ Built 2016
    LEASED 03/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.92
    •  
  • 8438 Powder Ridge Trl Windermere, FL 3
    • 4 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016 4 beds 4 baths ∙ 2,680 Sqft ∙ Built 2016
    LEASED 09/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.91
    •  
  • 8242 Bryce Canyon Ave Windermere, FL 4
    • 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 2017 3 beds 3 baths ∙ 2,485 Sqft ∙ Built 2017
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $1.07
    •  
  • 8576 Powder Ridge Trl Windermere, FL 5
    • 4 beds 4 baths ∙ 2,662 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,662 Sqft ∙ Built 2017
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,700
    • $1.01
    •  
PROPERTY LISTING DETAILS
Jun Zhou
1.407.765.2589
Sunshine Florida Realty, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5044736
Last Updated: 01/09/2021
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