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2307 Runyon Ct Orlando, FL 32837

3 Beds 2 Baths 1,875 sqft Built 1995

$335,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 07, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1995
  • Price/Sqft : $178.67
  • 2 Days on Market
  • MLS # : S5047504
  • Updated Date : 03/07/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,875 sqft
  • Baths : 2 full
Listing Agent

Elite Sales Group, Inc

Listing Agent's Description

This beautiful 3 bedroom / 2 bathroom is located in the desirable Devlin - a gated Community in Hunters Creek . Enjoy the jacuzzi contemplating the marvelous view of the Hunters Creek Golf area. Roof was replaced in 2016. The house is located in the cul-de-sac area. The house is very well located in Hunters Creek, close to shopping and restaurant area, and major roads like 417. Great schools!

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 Golf Course

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k349k

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

Neighborhood: Hunters Creek Golf Course

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282099

* 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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,164
Property Tax -$375
Property Insurance -$148
HOA -$116
Property Management Fees -$129
CASH FLOW
-$21

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.

$335,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 5.4%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$14,383

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $1.02

    LIST RENT PER SQFT
  • $1,917

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,790
1$1,7902$1,7953$1,8994$1,9105$1,950
$1,950
RENT COMPS ANALYSIS
  • 2307 Runyon Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,875 Sqft ∙ Built 1995
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $1.02
    •  
  • 1727 Nestlewood Trl #3 Orlando, FL 1
    • 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,703 Sqft ∙ Built 1999
    property image
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $1.05
    •  
  • 1638 Nestlewood Trl Orlando, FL 2
    • 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1998
    property image
    LEASED 08/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.96
    •  
  • 14303 Windchime Ln Orlando, FL 3
    • 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
    •  
  • 13815 Boros St Orlando, FL 5
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1996
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.04
    •  
PROPERTY LISTING DETAILS
Ilanna Reisner, Pa
1.407.738.5712
Elite Sales Group, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5047504
Last Updated: 03/07/2021
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