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14621 Astina Way Orlando, FL 32837

4 Beds 2 Baths 2,596 sqft Built 1989

$340,000

List Price

$2,280

$2.1K - $2.5K

Rent Est.

PROPERTY INFO

January 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $130.97
  • 6 Days on Market
  • MLS # : S5044644
  • Updated Date : 01/06/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,596 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Legacy Realty

Listing Agent's Description

Welcome to Hunter's Creek, this amazing 4 bedrooms 2 bathroom home is very well maintained, with plenty of space. The kitchen has a lot of cabinet storage and a breakfast area that connects to the family room, this allows open space for entertaining! Formal living and dining room. Master Bedroom with two walk-in closets, master bathroom features a double sink, bathtub and stand up shower. Walk out to the covered lanai for an overview of the conservation area and the big backyard! Hunter's Creek is conveniently located to shopping, dining, recreation, theme parks, industry and the airport.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$306,000$374,000$340,000

PURCHASE PRICE

$2,052$2,508$2,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,280
EXPENSES Loan Payment -$1,181
Property Tax -$401
Property Insurance -$191
HOA -$85
Property Management Fees -$129
CASH FLOW
$293

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.

$340,000

PROJECTED PRICE

$2,280

PROJECTED RENT

0.67%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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 35% 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 $255,000
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$42,929

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,280

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,453

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$2,280
1$2,2802$2,3003$2,3954$2,5005$2,800
$2,800
RENT COMPS ANALYSIS
  • 14621 Astina Way Orlando, FL 1
    • 4 beds 2 baths ∙ 2,596 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,596 Sqft ∙ Built 1989
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,280
    • $0.88
    •  
  • 3036 Eaglet Loop Orlando, FL 2
    • 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 1988 4 beds 3 baths ∙ 2,649 Sqft ∙ Built 1988
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.87
    •  
  • 3285 Amaca Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,592 Sqft ∙ Built 1992
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,395
    • $0.92
    •  
  • 4701 Hearthside Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 2,577 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,577 Sqft ∙ Built 1994
    property image
    LEASED 05/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.97
    •  
  • 14522 Potanow Trl Orlando, FL 5
    • 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,738 Sqft ∙ Built 1989
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $1.02
    •  
PROPERTY LISTING DETAILS
Franklin Mateo
1.917.559.6448
Keller Williams Legacy Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5044644
Last Updated: 01/06/2021
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