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Updated almost 6 years ago, 12/21/2018
ORLANDO [SFH] Help me analyze this deal- PRACTICE
*This link comes directly from our calculators, based on information input by the member who posted.
Hi guys I was practicing analyzing this deal. The ARV I got from the lowest Zillow estimate. The rehab looks pretty cosmetic so I estimated under $15k. The vacancy rate I got from realtor.
Can you guys tell me if the calculation looks ok? Am I forgetting any other expenses?
The seller says cash purchase only. Thank you.
Originally posted by @Kelly Iannone:
Thank you. Which part of Winter Garden should I avoid? I am interested in a class B neighborhood.
How much would rent for this property be realistically?
Originally posted by @Jason Malabute:
Originally posted by @Kelly Iannone:
Thank you. Which part of Winter Garden should I avoid? I am interested in a class B neighborhood.
How much would rent for this property be realistically?
In regards to areas to avoid, It’s tough to say as I was surprised of the condition of this neighborhood when we drove through. If you find any other properties feel free to shoot me the address and I can let you know what I think of the neighborhood. I’m in the market for small multi-family so no competition from me on sfr
This property is only a few doors down and renting for $1,100. It does have 1 less bedroom:
1198 Maxey Dr,Winter Garden, FL 347873 beds1.5 baths1,145 sqft
Originally posted by @Kelly Iannone:
Originally posted by @Jason Malabute:
Originally posted by @Kelly Iannone:
Thank you. Which part of Winter Garden should I avoid? I am interested in a class B neighborhood.
How much would rent for this property be realistically?
In regards to areas to avoid, It’s tough to say as I was surprised of the condition of this neighborhood when we drove through. If you find any other properties feel free to shoot me the address and I can let you know what I think of the neighborhood. I’m in the market for small multi-family so no competition from me on sfr
This property is only a few doors down and renting for $1,100. It does have 1 less bedroom:
1198 Maxey Dr,Winter Garden, FL 347873 beds1.5 baths1,145 sqft
Thank you. May I ask you what are the typical expenses associated to a SFH or a Duplex in Winter Garden?
Winter Garden is a HOA heavy area so for our SFR we include lawncare ($100 month) for price of mind and minimize the HOA violation letters. HOA fees are also very common, the cost and what is included vary widely so be sure to find out. Some communities include cable/internet while others include lawncare in addition to your typical community pool. For multifamily, they do not tend to be in HOAs and have separate utilities that you can pass on to the tenants although you would want to include lawncare. Garbage is included in our property taxes here so no need to add that expense.
You can can use the property appraisers website to “estimate” the property taxes based on expected purchase price. The webinars @Brandon Turner does weekend (Mahalo Brandon) he mentions a quick cheer of getting the property taxes from Zillow however since the Orange County (FL) Property Appraisers site has a estimation tool I prefer to used that.
Hope me that helps!
@Kelly Iannone I just wanted to stop and say I really appreciate your transparency and willingness to help other investors in regards to Orange County. Made me shed a tear haha but seriously thank you.
Originally posted by @Jason Malabute:
*This link comes directly from our calculators, based on information input by the member who posted.
Hi guys I was practicing analyzing this deal. The ARV I got from the lowest Zillow estimate. The rehab looks pretty cosmetic so I estimated under $15k. The vacancy rate I got from realtor.
Can you guys tell me if the calculation looks ok? Am I forgetting any other expenses?
The seller says cash purchase only. Thank you.
Hey question as I'm still new here. Is it normal to share the address of your property when sharing these reports? The reason I ask is because I was afraid to share mine (so I would intentionally not put in an address when sharing) because I always had a fear that others would "swoop in" and take a potential deal from me.
Originally posted by @Cristian Aviles-Morales:
Originally posted by @Jason Malabute:
*This link comes directly from our calculators, based on information input by the member who posted.
Hi guys I was practicing analyzing this deal. The ARV I got from the lowest Zillow estimate. The rehab looks pretty cosmetic so I estimated under $15k. The vacancy rate I got from realtor.
Can you guys tell me if the calculation looks ok? Am I forgetting any other expenses?
The seller says cash purchase only. Thank you.
Hey question as I'm still new here. Is it normal to share the address of your property when sharing these reports? The reason I ask is because I was afraid to share mine (so I would intentionally not put in an address when sharing) because I always had a fear that others would "swoop in" and take a potential deal from me.
I didn’t think the address was supposed to show so I was surprised to see it disclosed. As much as I like to trust people I would also be reluctant to share with the actual address.
In regard to your other kind comment, thank you. I’m huge on transparency and while I only have one deal under my belt I am happy to share what knowledge I have.
I believe I put up in my profile that I just relocated here from N.Y. to Orlando. I have been to Winter Garden a number of times because my niece is a singer and she draws a crowd at one of the venues...I love Winter Garden...I drove all around and didn't see anything undesirable but then again, I am from Manhattan so.........🤪 it was
Originally posted by @Kelly Iannone:
Winter Garden is a HOA heavy area so for our SFR we include lawncare ($100 month) for price of mind and minimize the HOA violation letters. HOA fees are also very common, the cost and what is included vary widely so be sure to find out. Some communities include cable/internet while others include lawncare in addition to your typical community pool. For multifamily, they do not tend to be in HOAs and have separate utilities that you can pass on to the tenants although you would want to include lawncare. Garbage is included in our property taxes here so no need to add that expense.
You can can use the property appraisers website to “estimate” the property taxes based on expected purchase price. The webinars @Brandon Turner does weekend (Mahalo Brandon) he mentions a quick cheer of getting the property taxes from Zillow however since the Orange County (FL) Property Appraisers site has a estimation tool I prefer to used that.
Hope me that helps!
Wait some SFHs (that are not town homes) have HOAs in Winter Garden?
What areas typically have HOA?
Can you give me a HOA range?
Originally posted by @Jason Malabute:
Originally posted by @Kelly Iannone:
Winter Garden is a HOA heavy area so for our SFR we include lawncare ($100 month) for price of mind and minimize the HOA violation letters. HOA fees are also very common, the cost and what is included vary widely so be sure to find out. Some communities include cable/internet while others include lawncare in addition to your typical community pool. For multifamily, they do not tend to be in HOAs and have separate utilities that you can pass on to the tenants although you would want to include lawncare. Garbage is included in our property taxes here so no need to add that expense.
You can can use the property appraisers website to “estimate” the property taxes based on expected purchase price. The webinars @Brandon Turner does weekend (Mahalo Brandon) he mentions a quick cheer of getting the property taxes from Zillow however since the Orange County (FL) Property Appraisers site has a estimation tool I prefer to used that.
Hope me that helps!
Wait some SFHs (that are not town homes) have HOAs in Winter Garden?
What areas typically have HOA?
Can you give me a HOA range?
Yes the majority of newer SFH in Winter garden have HOA's
Generically Anything after 1990 build timeframe.
Range from 50-400 a month. Depends.
Originally posted by @Account Closed:
Originally posted by @Jason Malabute:
Originally posted by @Kelly Iannone:
Winter Garden is a HOA heavy area so for our SFR we include lawncare ($100 month) for price of mind and minimize the HOA violation letters. HOA fees are also very common, the cost and what is included vary widely so be sure to find out. Some communities include cable/internet while others include lawncare in addition to your typical community pool. For multifamily, they do not tend to be in HOAs and have separate utilities that you can pass on to the tenants although you would want to include lawncare. Garbage is included in our property taxes here so no need to add that expense.
You can can use the property appraisers website to “estimate” the property taxes based on expected purchase price. The webinars @Brandon Turner does weekend (Mahalo Brandon) he mentions a quick cheer of getting the property taxes from Zillow however since the Orange County (FL) Property Appraisers site has a estimation tool I prefer to used that.
Hope me that helps!
Wait some SFHs (that are not town homes) have HOAs in Winter Garden?
What areas typically have HOA?
Can you give me a HOA range?
Yes the majority of newer SFH in Winter garden have HOA's
Generically Anything after 1990 build timeframe.
Range from 50-400 a month. Depends.
Thank you
Originally posted by @Account Closed:
Originally posted by @Jason Malabute:
Originally posted by @Kelly Iannone:
Winter Garden is a HOA heavy area so for our SFR we include lawncare ($100 month) for price of mind and minimize the HOA violation letters. HOA fees are also very common, the cost and what is included vary widely so be sure to find out. Some communities include cable/internet while others include lawncare in addition to your typical community pool. For multifamily, they do not tend to be in HOAs and have separate utilities that you can pass on to the tenants although you would want to include lawncare. Garbage is included in our property taxes here so no need to add that expense.
You can can use the property appraisers website to “estimate” the property taxes based on expected purchase price. The webinars @Brandon Turner does weekend (Mahalo Brandon) he mentions a quick cheer of getting the property taxes from Zillow however since the Orange County (FL) Property Appraisers site has a estimation tool I prefer to used that.
Hope me that helps!
Wait some SFHs (that are not town homes) have HOAs in Winter Garden?
What areas typically have HOA?
Can you give me a HOA range?
Yes the majority of newer SFH in Winter garden have HOA's
Generically Anything after 1990 build timeframe.
Range from 50-400 a month. Depends.
So would a houses built before 1990 that you fix up...does that generally have HOA?
Originally posted by @Jason Malabute:
Originally posted by @Account Closed:
Originally posted by @Jason Malabute:
Originally posted by @Kelly Iannone:
Winter Garden is a HOA heavy area so for our SFR we include lawncare ($100 month) for price of mind and minimize the HOA violation letters. HOA fees are also very common, the cost and what is included vary widely so be sure to find out. Some communities include cable/internet while others include lawncare in addition to your typical community pool. For multifamily, they do not tend to be in HOAs and have separate utilities that you can pass on to the tenants although you would want to include lawncare. Garbage is included in our property taxes here so no need to add that expense.
You can can use the property appraisers website to “estimate” the property taxes based on expected purchase price. The webinars @Brandon Turner does weekend (Mahalo Brandon) he mentions a quick cheer of getting the property taxes from Zillow however since the Orange County (FL) Property Appraisers site has a estimation tool I prefer to used that.
Hope me that helps!
Wait some SFHs (that are not town homes) have HOAs in Winter Garden?
What areas typically have HOA?
Can you give me a HOA range?
Yes the majority of newer SFH in Winter garden have HOA's
Generically Anything after 1990 build timeframe.
Range from 50-400 a month. Depends.
So would a houses built before 1990 that you fix up...does that generally have HOA?
I'm making a super generalization with the year. Each property you would have to dig into to find out whether it has a HOA or not.
I apologize Jason I want to thank you for your input and information....I am still unpacking and it's so stressful trying to keep up. I would never have guessed.....I think I'm going to need to make a little bit more money before I start thinking of buying especially in that area.....But thank you both for all your information!