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8607 Bayview Crossing Dr Winter Garden, FL 34787

4 Beds 4 Baths 2,489 sqft Built 2015

$405,000

List Price

$2,350

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 2015
  • Price/Sqft : $162.72
  • 2 Days on Market
  • MLS # : O5903220
  • Updated Date : 11/03/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,489 sqft
  • Baths : 3 full , 1 half
Listing Agent

Re/max Properties Sw

Listing Agent's Description

Welcome to your new solar powered home! This former model home is right across from Lake Huckleberry where you can enjoy beautiful sunsets and fabulous views every day from your front porch! Waterleigh provides yard service and has 2 resort style pools, 2 fitness centers, 9 hole mini golf, tennis, playgrounds and covered grilling areas for you to enjoy. Inside you’ll find the perfect floorplan. The kitchen overlooks the family room and boasts a large center island, 42 inch cabinets and walk in pantry. There’s also a built-in buffet that makes a great coffee or wine bar! Off of the kitchen is a drop zone with cabinets leading to the garage – great for keys and mail. One guest bedroom with private full bath and walk in closet is also on the first floor along with a separate ½ bath. Upstairs is a loft area that makes a great office or TV lounge area. The generous sized master suite has a large bathroom with double sinks, vanity area and walk in closet. Two additional guest bedrooms (one with walk in closet) are also upstairs along with another full bathroom AND the laundry room. The interior has been freshly painted and new carpet in most of the upstairs. Out back you can enjoy the covered lanai, built in spa with waterfall and fenced yard. HOA takes care of the yard and landscaping. Washer, dryer and all kitchen appliances stay! Ask for details about the solar power. Ceiling fan in upstairs front bedroom does not convey. Speaker system throughout most of the home.

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: 34787

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Zip Code: 34787

ZipNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292322

* 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
Keene's Crossing Elementary School Primary Regular 1,191 78 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Keene's Crossing Elementary School

  • Education Level: Primary
  • # of students: 1,191
  • # of teachers: 78
9
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
 

$364,500$445,500$405,000

PURCHASE PRICE

$2,115$2,585$2,350

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,350
EXPENSES Loan Payment -$1,494
Property Tax -$474
Property Insurance -$185
HOA -$225
Property Management Fees -$212
CASH FLOW
-$239

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.

$405,000

PROJECTED PRICE

$2,350

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.4%
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$113,075

INVESTMENT

$113,075

Down Payment
$101,250
Rehab Estimate
$5,750
Closing Costs
$6,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,494

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $101,250
Loan Amount $303,750
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$4,567

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,350

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $2,383

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$2,288
1$2,2882$2,3503$2,3504$2,4505$2,500
$2,500
RENT COMPS ANALYSIS
  • 8607 Bayview Crossing Dr Winter Garden, FL 3
    • 4 beds 4 baths ∙ 2,489 Sqft ∙ Built 2015 4 beds 4 baths ∙ 2,489 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.94
    •  
  • 9069 Pinch Shot Dr Winter Garden, FL 1
    • 5 beds 3 baths ∙ 2,461 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,461 Sqft ∙ Built 2019
    property image
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,288
    • $0.93
    •  
  • 9124 Cut Shot Dr Winter Garden, FL 2
    • 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2019
    property image
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.96
    •  
  • 16348 Brisk Breeze Aly Winter Garden, FL 4
    • 4 beds 4 baths ∙ 2,477 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,477 Sqft ∙ Built 2018
    property image
    LEASED 09/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,450
    • $0.99
    •  
  • 9155 Cut Shot Dr Winter Garden, FL 5
    • 5 beds 3 baths ∙ 2,638 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,638 Sqft ∙ Built 2019
    property image
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.95
    •  
PROPERTY LISTING DETAILS
Gina Kelly
1.407.352.5800
Re/max Properties Sw
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903220
Last Updated: 11/03/2020
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