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8756 Crescendo Ave Windermere, FL 34786

3 Beds 3 Baths 2,072 sqft Built 2015

$420,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $202.70
  • 6 Days on Market
  • MLS # : S5042414
  • Updated Date : 11/11/2020 at 00:01
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,072 sqft
  • Baths : 2 full , 1 half
Listing Agent

K Realty

Listing Agent's Description

Single family 3 Beds Plus Den, 2/5 bath. Windermere is one of the best neighborhoods in Orlando. Condominium with excellent club overlooking a beautiful lake, large pool, play ground. Very safe and very quiet neighborhood. Excellent schools from kindergarten, elementary and two excellent high schools. Shopping center with several restaurants and Publix. Wallmart 24 hours at 6 miles.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

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
 

$378,000$462,000$420,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,550
Property Tax -$492
Property Insurance -$160
HOA -$55
Property Management Fees -$188
CASH FLOW
-$355

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.

$420,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.50%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

1

YEARS SAVED

$2,205

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,139

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0903$2,1004$2,1005$2,350
$2,350
RENT COMPS ANALYSIS
  • 8756 Crescendo Ave Windermere, FL 2
    • 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 2015 3 beds 3 baths ∙ 2,072 Sqft ∙ Built 2015
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $1.01
    •  
  • 12030 Silverlake Park Dr Windermere, FL 1
    • 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 2014
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.98
    •  
  • 12036 Silverlake Park Dr Windermere, FL 3
    • 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2014
    LEASED 03/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.00
    •  
  • 12018 Silverlake Park Dr Windermere, FL 4
    • 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,086 Sqft ∙ Built 2014
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.01
    •  
  • 12113 Silverlake Park Dr Windermere, FL 5
    • 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,064 Sqft ∙ Built 2014
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $1.14
    •  
PROPERTY LISTING DETAILS
Karine Nascimento
1.508.259.8853
K Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5042414
Last Updated: 11/11/2020
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