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13418 Hopkinton Ct Windermere, FL 34786

4 Beds 4 Baths 2,594 sqft Built 2005

$469,900

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $181.15
  • 3 Days on Market
  • MLS # : O5917121
  • Updated Date : 01/15/2021 at 20:41
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,594 sqft
  • Baths : 3 full , 1 half
Listing Agent

Summerside Realty Llc

Listing Agent's Description

Welcome home to the desirable gated Preserve at the Lakes of Windermere. Located on a quiet cul de sac, this beautiful two-story, 4 bedroom, 3 and ½ bath home has been immaculately cared for by the original owners. It is situated on an oversized, extensively landscaped corner lot and includes a spacious 3 car garage. Step into an open and bright foyer and living room featuring 18’ ceilings with gorgeous marble look tile throughout the first floor living area. The kitchen has been updated with granite countertops and center island and is open to the family room which makes it perfect for entertaining. The master suite is located downstairs and features a large bathroom with a garden tub and a separate shower. The laundry room is also on the first level and has added cabinets for extra storage space. On the second floor are three additional bedrooms and two full baths,recently remodeled. The upstairs bonus room/loft is a great place for a play area or a movie theater. One bedroom has its own bathroom which makes this a perfect, private guest suite. Ceiling fans in each bedroom, loft and family room. Sliding doors from the kitchen and family room lead you to a sparkling pool and screen enclosed lanai. Perfect view of the Disney fireworks from your own backyard! Brand new roof installed in November, 2020, as well as new exterior paint. The neighborhood features an extra large community pool, picnic area, playground and gazebo overlooking a beautiful pond. Excellent location close to shopping, restaurants, A-rated schools and of course, Disney! Call today to schedule a visit!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Peachtree

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Neighborhood: Peachtree

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10293062

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy K-8

  • Education Level: Middle
  • # of students: 933
  • # of teachers: 52
7
GreatSchools Rating

Cornerstone Charter Academy High School

  • Education Level: High
  • # of students: 372
  • # of teachers: 21
7
GreatSchools Rating
 

$422,910$516,890$469,900

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,632
Property Tax -$551
Property Insurance -$191
HOA -$125
Property Management Fees -$129
CASH FLOW
-$268

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.

$469,900

PROJECTED PRICE

$2,360

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.5%
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

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$130,274

INVESTMENT

$130,274

Down Payment
$117,475
Rehab Estimate
$5,750
Closing Costs
$7,049

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,632

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,475
Loan Amount $352,425
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$8,142

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $2,361

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$2,200
1$2,2002$2,2953$2,3604$2,4005$2,600
$2,600
RENT COMPS ANALYSIS
  • 13418 Hopkinton Ct Windermere, FL 3
    • 4 beds 4 baths ∙ 2,594 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,594 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.91
    •  
  • 8512 Abbotsbury Dr Windermere, FL 1
    • 4 beds 4 baths ∙ 2,599 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,599 Sqft ∙ Built 2004
    LEASED 01/01/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.85
    •  
  • 8669 Abbotsbury Dr Windermere, FL 2
    • 4 beds 4 baths ∙ 2,550 Sqft ∙ Built 2004 4 beds 4 baths ∙ 2,550 Sqft ∙ Built 2004
    LEASED 08/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.90
    •  
  • 13426 Chariho Ln Windermere, FL 4
    • 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 2005 4 beds 4 baths ∙ 2,600 Sqft ∙ Built 2005
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.92
    •  
  • 8631 Greenbank Blvd Windermere, FL 5
    • 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,686 Sqft ∙ Built 2004
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $0.97
    •  
PROPERTY LISTING DETAILS
Todd Henry
1.407.758.2714
Summerside Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5917121
Last Updated: 01/15/2021
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