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13362 Heron Cove Dr Orlando, FL 32837

3 Beds 2 Baths 1,652 sqft Built 1994

$339,999

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1994
  • Price/Sqft : $205.81
  • 3 Days on Market
  • MLS # : S5047065
  • Updated Date : 02/27/2021 at 13:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,652 sqft
  • Baths : 2 full
Listing Agent

Casa Orlando Properties

Listing Agent's Description

Your search ends here!!! (additional photos soon) Located in the highly coveted community of Mallard Cove - Hunters Creek. This home has an open floor concept and plenty of natural light, an screened-in underground pool, and a private large backyard with no rear neighbors (conservation lot). The house was completely renovated in 2020 including new roof. As you enter the home, you will notice an attractive and durable vinyl flooring throughout and a upscale entryway chandelier. The kitchen has granite countertop, luxurious backsplash, 9x28 single bowl Kitchen Sink in Stainless Steel and a faucet with a single handle single spray function. The renovated master bathroom has a frameless shower enclosure with brushed nickel fixtures, granite counter top and a His & Hers sink. The Master Bedroom has a spacious walk-in Closet. All additional bedrooms are sizable and have dedicated closets. The formal dinning room has an imposing chandelier and has enough space for a 8-10 seat dinning table, and there is also a den/office that is currently being used as a "kid's play area". There are plenty of space in the backyard for a fire pit and for entertainment. This is a prime location, close to the International Airport, theme parks, restaurants and much more. The Home Owner's Association has planned events throughout the year for the residents, and the residents can enjoy many of the parks and amenities of the neighborhood, including playgrounds, tennis courts, golf, basketball courts, soccer and much more! This is a MOVE IN READY HOME, in the neighborhood that has already been considered the 21st best place to live in the USA. More pictures soon.

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 Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k353k

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

Neighborhood: Hunters Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10282269

* 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
Endeavor Elementary School Primary Regular 653 40 6
Hunters Creek Middle School Middle Regular 1,060 57 6
Freedom High School High Regular 3,281 149 6

Endeavor Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 40
6
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
 

$305,999$373,999$339,999

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,181
Property Tax -$380
Property Insurance -$135
HOA -$82
Property Management Fees -$129
CASH FLOW
-$147

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.

$339,999

PROJECTED PRICE

$1,760

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,850

INVESTMENT

$95,850

Down Payment
$85,000
Rehab Estimate
$5,750
Closing Costs
$5,100

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $85,000
Loan Amount $254,999
See What Happens When You Reinvest Cash Flow

2.67

YEARS SAVED

$7,246

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,586

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,6003$1,7254$1,7605$1,899
$1,899
RENT COMPS ANALYSIS
  • 13362 Heron Cove Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,652 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $1.07
    •  
  • 2616 Heron Landing Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,587 Sqft ∙ Built 1992
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 12533 Darby Ave Orlando, FL 2
    • 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,687 Sqft ∙ Built 1992
    property image
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.95
    •  
  • 12607 Winfield Scott Blvd W Orlando, FL 3
    • 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,783 Sqft ∙ Built 2000
    property image
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.97
    •  
  • 14303 Windchime Ln Orlando, FL 5
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1990
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.04
    •  
PROPERTY LISTING DETAILS
Laura Teixeira
1.941.962.2413
Casa Orlando Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5047065
Last Updated: 02/27/2021
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