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12843 Hunters Vista Blvd Orlando, FL 32837

5 Beds 5 Baths 2,818 sqft Built 2002

$499,000

List Price

$2,460

$2.2K - $2.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $177.08
  • 4 Days on Market
  • MLS # : O5931009
  • Updated Date : 03/19/2021 at 17:41
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,818 sqft
  • Baths : 4 full , 1 half
Listing Agent

Preferred Real Estate Brokers

Listing Agent's Description

Welcome home to this stunning two-story waterfront pool home in the wonderful Palma Vista neighborhood of Hunters Creek! This 5 bedroom, 4.5 baths boasts a brand new solar-heated saltwater pool built in 2019, no rear neighbors, and a beautiful water view. Not to mention the THREE master bedrooms this home features, with one on the main floor with private upgraded bathrooms in each. Roof replaced in 2018, KITCHEN COMPLETELY REMODELED in 2017 with brand new cabinets and granite with an 8.5-foot island! The natural light in this home brightens the ENTIRE floor plan, with double sliding doors to enter the backyard oasis! An outdoor kitchen built in 2020, includes the brand new sink and cooktop! Hunter's Creek is also the 21st BEST community in the UNITED STATES. It has excellent school zoning, community amenities, playgrounds with volleyball, basketball, and tennis courts. Plus baseball and soccer fields, a dog park, bike trail, and walking/running paths. It is minutes away from the Ritz-Carlton & J.W Marriott Grande Lakes. Near Sea World, Universal Studios, Disney Parks, Orlando International Airport, and offers easy access to 417/528/I-4 and Turnpike. Minutes away from The Loop shopping center! Call me today to schedule your private showing!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hunters Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $105k408k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Hunters Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292281

* 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
West Creek Elementary School Primary Regular 712 51 7
Hunters Creek Middle School Middle Regular 1,060 57 6
Freedom High School High Regular 3,281 149 6

West Creek Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 51
7
GreatSchools Rating

Hunters Creek Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 57
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 3,281
  • # of teachers: 149
6
GreatSchools Rating
 

$449,100$548,900$499,000

PURCHASE PRICE

$2,214$2,706$2,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,460
EXPENSES Loan Payment -$1,733
Property Tax -$558
Property Insurance -$205
HOA -$82
Property Management Fees -$129
CASH FLOW
-$247

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.

$499,000

PROJECTED PRICE

$2,460

PROJECTED RENT

0.49%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 3.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$137,985

INVESTMENT

$137,985

Down Payment
$124,750
Rehab Estimate
$5,750
Closing Costs
$7,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,733

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $124,750
Loan Amount $374,250
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$10,841

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,460

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,409

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,4003$2,4004$2,4605$2,500
$2,500
RENT COMPS ANALYSIS
  • 12843 Hunters Vista Blvd Orlando, FL 4
    • 5 beds 5 baths ∙ 2,818 Sqft ∙ Built 2002 5 beds 5 baths ∙ 2,818 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,460
    • $0.87
    •  
  • 5619 Los Palma Vista Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2002
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 5215 Los Palma Vista Dr Orlando, FL 2
    • 5 beds 3 baths ∙ 2,784 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,784 Sqft ∙ Built 2002
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 13407 Paloma Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,773 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.87
    •  
  • 5331 Tortuga Dr Orlando, FL 5
    • 5 beds 3 baths ∙ 2,813 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,813 Sqft ∙ Built 2003
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.89
    •  
PROPERTY LISTING DETAILS
Reshma Rampersaud
1.407.731.0081
Preferred Real Estate Brokers
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5931009
Last Updated: 03/19/2021
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