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8542 Abbotsbury Dr Windermere, FL 34786

3 Beds 2 Baths 1,726 sqft Built 2004

$338,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $196.35
  • 1 Days on Market
  • MLS # : O5911246
  • Updated Date : 12/13/2020 at 00:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,726 sqft
  • Baths : 2 full
Listing Agent

Home Wise Realty Group Inc

Listing Agent's Description

MOVE IN READY! BEAUTIFUL 3/2 SIGNLE FAMILY HOME IN GATED COMMUNITY. SPACIOUS OPEN FLOOR PLAN, BREAKFAST AREA, FORMAL DINNING, NO BACK TO BACK NEIGHBOUR, ENJOY SCREENED LANAI WITH A LOT OF PRIVACY IN YOUR OWN BACK YARD EASY ACCESS TO HIGHWAY, SHOPPING, DINNING AND MORE......

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

Neighborhood: Peachtree

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Neighborhood: Peachtree

NeighborhoodNIR 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
 

$305,010$372,790$338,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,250
Property Tax -$397
Property Insurance -$139
HOA -$108
Property Management Fees -$129
CASH FLOW
-$114

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.

$338,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,559

INVESTMENT

$95,559

Down Payment
$84,725
Rehab Estimate
$5,750
Closing Costs
$5,084

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,250

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,725
Loan Amount $254,175
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$13,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,912

    COMP ESTIMATED VALUE
  • $1.11

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,9103$2,0004$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 8542 Abbotsbury Dr Windermere, FL 2
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.11
    •  
  • 8424 Greenbank Blvd Windermere, FL 1
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2005
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.06
    •  
  • 8326 Bryce Canyon Ave Windermere, FL 3
    • 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,825 Sqft ∙ Built 2016
    LEASED 11/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.10
    •  
  • 8839 Abbotsbury Dr Windermere, FL 4
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 2004
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.12
    •  
  • 8838 Abbotsbury Dr Windermere, FL 5
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2004
    LEASED 12/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.15
    •  
PROPERTY LISTING DETAILS
Maggie Fung
1.917.517.4563
Home Wise Realty Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911246
Last Updated: 12/13/2020
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