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1320 Hunterman Ln Winter Garden, FL 34787

5 Beds 3 Baths 2,670 sqft Built 2005

$409,500

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $153.37
  • 4 Days on Market
  • MLS # : O5924392
  • Updated Date : 02/18/2021 at 15:46
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,670 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Beautiful 5 Bedroom, Pool Home in Winter Garden Now Available! This charming Single Story home features a Split Floor Plan, No Rear Neighbors, and a Scenic Pond View. This property has been Carefully Maintained and offers New Ceiling Fans and Light Fixtures, New Pool Pump and Pool Light (2020), New Water Heater (2020), Newer Kitchen Sink/Faucet (2018), New Garage Door Opener (2020), Interior and Exterior Paint (2016/2017), a Shelving System in the pantry, and more. Beyond the house itself, this Location provides an Amazing Lifestyle. Winter Garden was voted "...the Best Place to Raise a Family in 2018." This neighborhood is just minutes, or a quick Golf Cart ride, to Historic Downtown Winter Garden that boasts The Crooked Can Brewery, Restaurants, Cafe's Boutique Shops, and Farmer's Markets on the weekends. The community is just across the street from Chapin Station Community Park which offers Tennis & Basketball Courts, Playground, Picnic Area, and Pavilions as well as access to The West Orange Trail for Walking/Bike Paths. Easy access to SR -429, SR-408 and The Turnpike. Don't miss your opportunity to own this one of a kind home. Schedule your private showing today.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Chapin Station

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k361k

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

Neighborhood: Chapin Station

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000210022002300Rent in $10292320

* 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
William S Maxey Elementary School Primary Regular 271 21 8
Lakeview Middle School Middle Regular 1,032 62 3
Ocoee High School High Regular 2,243 106 4

William S Maxey Elementary School

  • Education Level: Primary
  • # of students: 271
  • # of teachers: 21
8
GreatSchools Rating

Lakeview Middle School

  • Education Level: Middle
  • # of students: 1,032
  • # of teachers: 62
3
GreatSchools Rating

Ocoee High School

  • Education Level: High
  • # of students: 2,243
  • # of teachers: 106
4
GreatSchools Rating
 

$368,550$450,450$409,500

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,422
Property Tax -$451
Property Insurance -$196
HOA -$42
Property Management Fees -$129
CASH FLOW
-$39

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.

$409,500

PROJECTED PRICE

$2,200

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.0%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$114,268

INVESTMENT

$114,268

Down Payment
$102,375
Rehab Estimate
$5,750
Closing Costs
$6,143

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,422

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $102,375
Loan Amount $307,125
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$20,262

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,256

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,975
1$1,9752$2,1503$2,2004$2,2005$2,245
$2,245
RENT COMPS ANALYSIS
  • 1320 Hunterman Ln Winter Garden, FL 4
    • 5 beds 3 baths ∙ 2,670 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,670 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 1078 Woodson Hammock Cir Winter Garden, FL 1
    • 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,505 Sqft ∙ Built 2001
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.79
    •  
  • 1754 Americus Minor Dr Winter Garden, FL 2
    • 4 beds 2 baths ∙ 2,487 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,487 Sqft ∙ Built 2001
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.86
    •  
  • 1407 Mistflower Ln Winter Garden, FL 3
    • 5 beds 3 baths ∙ 2,469 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,469 Sqft ∙ Built 2005
    LEASED 01/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.89
    •  
  • 1650 Lindzlu St Winter Garden, FL 5
    • 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,657 Sqft ∙ Built 2005
    LEASED 05/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,245
    • $0.84
    •  
PROPERTY LISTING DETAILS
Mike Long
1.407.325.4104
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5924392
Last Updated: 02/18/2021
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