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2136 Chinook Trl Maitland, FL 32751

3 Beds 2 Baths 1,849 sqft Built 1962

$469,000

List Price

$2,270

$2K - $2.5K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $253.65
  • 4 Days on Market
  • MLS # : O5917949
  • Updated Date : 01/21/2021 at 18:57
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,849 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Winter Park

Listing Agent's Description

Meticulously maintained and remodeled 3 bedroom/2 bath Dommerich home on highly sought-after street is move-in ready! Custom manicured landscaping and lighting surrounds the extended paver patio & spacious front porch to welcome your friends & family! Beautiful new front door opens to the foyer with gorgeous wood floors, crown molding, plantation shutters, fresh paint and an abundance of natural light throughout the home. The spacious living room has views to the front through a large bay window and is ready for entertaining with Samsung 60’ smart TV and new designer fan! Foyer also leads to an intimate dining room with wainscoting, designer chandelier and custom drapes framing a large window. Steps to the eat-in kitchen with door to the garage including fabulous laundry area with washer/dryer & utility sink. Remodeled kitchen has custom cabinetry, granite counters, cooktop with a built-in oven and above the stainless sink is a wonderful window view to the back yard. The family room has a brick wall with a wood burning fireplace, distinctive ceiling fan and French doors with designer shades to the paver patio. Hallway leads to a tranquil master bedroom with carpet, wood trim, large closet with organizers and a remodeled bath, perfect for relaxing. Bath is polished with granite counter, calming colors and oversized walk in shower. Down the hallway, you will find 2 additional large bedrooms with ceiling fans, carpet and views outside that share the remodeled hall bath with a long granite counter, dual vanities and an abundance of cabinetry. The backyard offers year-round enjoyment with an expansive paver patio including a covered area ideal for grilling, lush green area for pets or kicking a ball. The wooden fence provides privacy. Wide paver walkway continues around the house and a dedicated single plug for a home generator is ideally placed! Location is ideal on a quiet street while walking distance to schools! Top Maitland & Winter Park schools, shops, and restaurants are nearby. This distinctive home thoughtfully remodeled with designer touches won’t last and is ready for new owners to enjoy it.

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: Dommerich Hills North

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $110k447k

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

Neighborhood: Dommerich Hills North

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10292644

* 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
Dommerich Elementary School Primary Regular 603 40 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Dommerich Elementary School

  • Education Level: Primary
  • # of students: 603
  • # of teachers: 40
8
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
 

$422,100$515,900$469,000

PURCHASE PRICE

$2,043$2,497$2,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,270
EXPENSES Loan Payment -$1,629
Property Tax -$503
Property Insurance -$147
Property Management Fees -$129
CASH FLOW
-$137

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.

$469,000

PROJECTED PRICE

$2,270

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.5%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$130,035

INVESTMENT

$130,035

Down Payment
$117,250
Rehab Estimate
$5,750
Closing Costs
$7,035

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,629

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $117,250
Loan Amount $351,750
See What Happens When You Reinvest Cash Flow

4

YEARS SAVED

$17,499

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,270

    LIST RENT
  • $1.23

    LIST RENT PER SQFT
  • $2,284

    COMP ESTIMATED VALUE
  • $1.24

    COMP AVG. RENT PER SQFT
Comps Range
$1,775
1$1,7752$2,2703$2,4884$2,5885$2,600
$2,600
RENT COMPS ANALYSIS
  • 2136 Chinook Trl Maitland, FL 2
    • 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,849 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $2,270
    • $1.23
    •  
  • 2085 Falmouth Rd Maitland, FL 1
    • 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,710 Sqft ∙ Built 1960
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.04
    •  
  • 2330 Mohawk Trl Maitland, FL 3
    • 3 beds 3 baths ∙ 1,995 Sqft ∙ Built 1962 3 beds 3 baths ∙ 1,995 Sqft ∙ Built 1962
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,488
    • $1.25
    •  
  • 815 Thunder Trl Maitland, FL 4
    • 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1964
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,588
    • $1.34
    •  
  • 1911 Mohican Trl Maitland, FL 5
    • 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1967 4 beds 2 baths ∙ 1,992 Sqft ∙ Built 1967
    LEASED 08/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.31
    •  
PROPERTY LISTING DETAILS
Lisa Gould
1.407.721.7612
Keller Williams Winter Park
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5917949
Last Updated: 01/21/2021
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