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5119 Ferncrest Dr 
Winter Park, FL
32792
3 Beds 2 Baths 1,500 sqft
Built 1969
INVESTimate
$260,000
List Price
$74,650
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PROPERTY INFO
FACTS
- Built In 1969
- Price/Sqft : $173.33
- 2 Days on Market
- MLS # : O5887089
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,500 sqft
- Baths : 2 full
Listing Agent
Lock N Key Realty Llc
Listing Agent's Description
Welcome to this move in ready 3/2 split bedroom pool home. Its size is deceiving from the outside because of an additional family room that was added years ago! This home's exterior was recently painted, has a newer roof, updated electrical panels, kitchen update complete with granite counters and soft close drawers. New wood look tile planking in main living areas,master, kitchen and laundry room. Master bath has a custom rustic tiled shower, dual flush commode & new vanity with granite countertop. Step outside to imagine yourself relaxing by the pool/spa with oversized fenced back yard, plenty of space for BBQ, patio areas , fire-pit/chiminea... or back inside to the family-room & the wood burning fireplace. This home has something for everyone! Living Room, family room and all 3 bedrooms have ceiling fans. Interior laundry and covered rear patio are added bonus features. This home is nestled in a quaint area with sidewalks for those who enjoy strolling about the neighborhood. With just a little bit of love and attention would be a great starter home or as a buy and hold investor looking for a rental property. All this AND Seminole County Schools. Near UCF, Restaurants, Shopping, Grocery stores. Convenient to (Semoran) 436, and the 417.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Woodcrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Woodcrest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,650 |
| EXPENSES | Loan Payment | -$959 |
| Property Tax | -$260 | |
| Property Insurance | -$126 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
$157
|
||
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.
$260,000
PROJECTED PRICE
$1,650
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 8.82% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$74,650
LOAN DETAILS
$959
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $65,000 |
| Loan Amount | $195,000 |
7.42
YEARS SAVED
$28,384
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,650
LIST RENT -
$1.1
LIST RENT PER SQFT
-
$1,478
COMP ESTIMATED VALUE -
$0.99
COMP AVG. RENT PER SQFT
Comps Range
-
5119 Ferncrest Dr Winter Park, 4
- 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1969 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1969
- Rent
- Rent Per SQFT
- $1,650
- $1.10
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7422 Grand Ave Winter Park, 1
- 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1975
LEASED 02/12/20- Rent
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- $1,300
- $0.90
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4965 Orange Ave Winter Park, 2
- 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,444 Sqft ∙ Built 1959
LEASED 05/22/20- Rent
- Rent Per SQFT
- $1,350
- $0.93
-
5171 N Orange Ave Winter Park, 3
- 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,317 Sqft ∙ Built 1960
LEASED 02/28/20- Rent
- Rent Per SQFT
- $1,400
- $1.06
-
7140 Citrus Ave Winter Park, 5
- 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,669 Sqft ∙ Built 1972
LEASED 09/30/19- Rent
- Rent Per SQFT
- $1,749
- $1.05
PROPERTY LISTING DETAILS
1.407.620.2434
Lock N Key Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5887089
Last Updated: 08/26/2020
