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PROPERTY INFO
FACTS
- Single Family
- Built In 2018
- Price/Sqft : $165.49
- 101 Days on Market
- MLS # : S5039366
- Updated Date : 12/12/2020 at 16:28
CONSTRUCTION
- Beds : 4
- Floor Size : 2,840 sqft
- Baths : 3 full , 1 half
Listing Agent
Winter Garden Real Estate
Listing Agent's Description
MOTIVATED SELLER. Welcome to this spacious open plan 4 bedroom family home which has bags of space both inside and out. On entry, there is a large bonus room to the right suitable for a playroom, second lounge, or study. The remaining downstairs comprising of a spacious living area with an added fireplace with electric fire, an open plan dining area, and a quality kitchen with granite countertops and all stainless steel appliances. Outside there is an extended lanai which is mostly covered and a small bar area built by the current owner. There are also surround sound speakers covering the lounge and outside areas. The large garden also benefits from being securely enclosed with a railed fence to keep your younger family members and pets safe. Upstairs there is a large open loft space, opposite is the Master Bedroom with a tray ceiling and a spacious en-suite bathroom with a separate tub and shower cubicle leading on to the master closet. The upstairs has three further spacious bedrooms, one with an en-suite bathroom and an additional bathroom shared by the other two bedrooms. There are additional power outlets under the eaves fitted by the builder for those must-have Christmas decorations and wiring for an ADT security system. In addition, Waterleigh is a planned community with two stunning clubhouses offering resort-style pools fitness centers, BBQ picnic areas, play areas, dog parks, and lots more. Westerleigh is also local to quality schools, with shops and the town of Winter Garden nearby. Come see this one today, you won't be sorry.
SEE MORE
- 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
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 | $2,420 |
| EXPENSES | Loan Payment | -$1,734 |
| Property Tax | -$550 | |
| Property Insurance | -$206 | |
| HOA | -$198 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$397
|
||
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.
$470,000
PROJECTED PRICE
$2,420
PROJECTED RENT
0.51%
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
$130,300
LOAN DETAILS
$1,734
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $117,500 |
| Loan Amount | $352,500 |
1.42
YEARS SAVED
$4,134
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,420
LIST RENT -
$0.85
LIST RENT PER SQFT
-
$2,741
COMP ESTIMATED VALUE -
$0.97
COMP AVG. RENT PER SQFT
Comps Range
-
9572 Waterway Passage Dr Winter Garden, FL 2
- 4 beds 4 baths ∙ 2,840 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,840 Sqft ∙ Built 2018
![property image]()
- Rent
- Rent Per SQFT
- $2,420
- $0.85
-
11055 Folklore St Winter Garden, FL 1
- 4 beds 4 baths ∙ 2,502 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,502 Sqft ∙ Built 2017
![property image]()
LEASED 11/06/19- Rent
- Rent Per SQFT
- $2,300
- $0.92
-
10715 Atwater Bay Dr Winter Garden, FL 3
- 4 beds 4 baths ∙ 2,500 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,500 Sqft ∙ Built 2019
![property image]()
LEASED 08/15/19- Rent
- Rent Per SQFT
- $2,450
- $0.98
-
8861 Fountain Palm Aly Winter Garden, FL 4
- 4 beds 4 baths ∙ 2,690 Sqft ∙ Built 2017 4 beds 4 baths ∙ 2,690 Sqft ∙ Built 2017
![property image]()
LEASED 09/09/19- Rent
- Rent Per SQFT
- $2,700
- $1.00
-
10387 Atwater Bay Dr Winter Garden, FL 5
- 4 beds 4 baths ∙ 2,920 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,920 Sqft ∙ Built 2018
![property image]()
LEASED 01/01/20- Rent
- Rent Per SQFT
- $2,800
- $0.96
PROPERTY LISTING DETAILS
1.407.572.5437
Winter Garden Real Estate
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: S5039366
Last Updated: 12/12/2020
