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13921 Huntwick Dr Orlando, FL 32837

4 Beds 3 Baths 1,980 sqft Built 1995

$349,900

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $176.72
  • 3 Days on Market
  • MLS # : O5918700
  • Updated Date : 01/23/2021 at 08:05
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,980 sqft
  • Baths : 2 full , 1 half
Listing Agent

Preferred Real Estate Brokers

Listing Agent's Description

LOCATION LOCATION LOCATION. HUNTER'S CREEK 4 bedroom 2 1/2 bath just under 2000 sq ft pool home will not last long. This Immaculate home has so many upgrades and a lot to offer with this location. Walking distance to elementary and middle schools as well as shopping at publix and restaurants. When you walk in the front door you are welcomed with ceramic tiles through out the entrance leading you to the updated kitchen with solid countertops, propane gas oven and range and plenty of cabinets for the cook in the family. Did I mention the main floor and kitchen were just updated a couple of months ago? on the first floor you will find the master suite and an office along with the living room and dining room combo. On the second floor you have the other 3 bedrooms as well a full updated bathroom with dual sinks. The TANKLESS GAS WATER HEATER will make sure you never run out of hot water. NO CARPET ANYWHERE in the house. All ceramic and laminate floors throughout the whole house. In the back you have a covered sitting area with pavers all around the pool along with a sun deck. There is a hook up for your grill to connect directly to the propane tank for your grilling pleasure. Also the sellers are including Hurricane shutters for the sliding door and all the windows on the first floor. The windows were updated 2 years ago. Last but not least for the picky family the AC HAS 3 ZONES to make sure everyone is comfortable.

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: 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
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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,836$2,244$2,040

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,040
EXPENSES Loan Payment -$1,215
Property Tax -$391
Property Insurance -$154
HOA -$84
Property Management Fees -$129
CASH FLOW
$66

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.

$349,900

PROJECTED PRICE

$2,040

PROJECTED RENT

0.58%

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$1.0M

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,444

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,040

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,772

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,7003$1,8004$1,9255$2,040
$2,040
RENT COMPS ANALYSIS
  • 13921 Huntwick Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1995 4 beds 3 baths ∙ 1,980 Sqft ∙ Built 1995
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.03
    •  
  • 2643 Runyon Cir Orlando, FL 1
    • 3 beds 2 baths ∙ 1,935 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,935 Sqft ∙ Built 1995
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.82
    •  
  • 13348 Luxbury Loop Orlando, FL 2
    • 4 beds 2 baths ∙ 1,977 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,977 Sqft ∙ Built 1998
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
  • 13334 Heron Cove Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,020 Sqft ∙ Built 1994
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.89
    •  
  • 4772 Hearthside Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 1994 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 1994
    LEASED 06/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.01
    •  
PROPERTY LISTING DETAILS
Billy Batra
1.407.625.3388
Preferred Real Estate Brokers
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918700
Last Updated: 01/23/2021
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