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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $166.19
- 5 Days on Market
- MLS # : S5044190
- Updated Date : 01/13/2021 at 15:26
CONSTRUCTION
- Beds : 5
- Floor Size : 2,461 sqft
- Baths : 3 full
Listing Agent
Multi Choice Realty Llc
Listing Agent's Description
Top rated school! Large families will enjoy this spacious two-story, Corner lot, five bedroom, three bathroom home. The kitchen leads into a family room and breakfast nook. The floorplan also includes a front porch, back patio, and a two car, rear load garage. This EVERYTHING INCLUDED home boasts kitchen overlooking the family room that acts as the heart of the home. Additional space includes a spacious master suite . This Ecosmart home has solar power to offset the electric bills & come fully connected with features like a Honeywell thermostat, Kevo lock and ring doorbell. Don't Miss out on this Innovative home found in the Heart of horizon's West just minutes from the Town Center Village. Surrounded by Panther Lake Golf Course, this community is designed with an active lifestyle in mind. Golf views will be available for select homesites. With easy access to Walt Disney World, Universal Studios, Winter Garden Village, and more, it’s easy to see why this area is growing fast! At Innovation at Panther View Manors, nature, beauty and community have come together to create a lifestyle unlike any other.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 34787
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,320 |
| EXPENSES | Loan Payment | -$1,421 |
| Property Tax | -$479 | |
| Property Insurance | -$183 | |
| HOA | -$137 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$29
|
||
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.
$409,000
PROJECTED PRICE
$2,320
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$114,135
LOAN DETAILS
$1,421
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $102,250 |
| Loan Amount | $306,750 |
4.67
YEARS SAVED
$19,850
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,320
LIST RENT -
$0.94
LIST RENT PER SQFT
-
$2,307
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
-
9250 Cut Shot Dr Winter Garden, FL 3
- 5 beds 3 baths ∙ 2,461 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,461 Sqft ∙ Built 2018
![property image]()
- Rent
- Rent Per SQFT
- $2,320
- $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
-
9153 Pinch Shot Dr Winter Garden, FL 2
- 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2018
![property image]()
LEASED 12/09/20- Rent
- Rent Per SQFT
- $2,300
- $0.94
-
9124 Cut Shot Dr Winter Garden, FL 4
- 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
-
7118 Desert Mandarin St Winter Garden, FL 5
- 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 2017
![property image]()
LEASED 10/08/20- Rent
- Rent Per SQFT
- $2,400
- $0.92
PROPERTY LISTING DETAILS
1.941.928.8573
Multi Choice Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5044190
Last Updated: 01/13/2021
