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3340 Bennington Ct Winter Park, FL 32792

4 Beds 2 Baths 1,987 sqft Built 2003

$400,000

List Price

$2,040

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $201.31
  • 7 Days on Market
  • MLS # : O5911255
  • Updated Date : 12/15/2020 at 17:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,987 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Orlando

Listing Agent's Description

This amazing one story block home has an open floor plan with a great room, separate dining room, 4 bedrooms, plus an office/den, and a hard to find 3 car garage. It is situated on a .23 acre lot, in a cul-de-sac and backs up to dedicated open space. The kitchen which is open to the living room, features a breakfast bar, an eat-in area, gorgeous quartz countertop as well as handmade tile custom back splash. The closet pantry is very handy. The stove was replaced in 2019 and the dishwasher in 2020. The living room can accommodate lots of seating, has surround sound, and French doors that open to the patio. There are 9 foot ceilings throughout the house. The great room has crown molding and is painted in a contemporary grey. All windows have blinds. The bedrooms are split 3 ways. Master bedroom on one side, then two bedrooms and the 2nd bathroom on the other side towards the back of the home and the forth bedroom and the office/den towards the front of the home off the foyer. The master suite is very spacious and features separate large shower, tub and WC, as well as double sinks, a walk-in and a linen closet. You’ll love the Schonbeck chandelier over the tub. All the guest bedrooms have generously sized closets and bamboo flooring. The laundry room connects the garage to the kitchen and has additional cabinetry with quartz countertop. The back patio is oversized with plenty of space for entertaining and relaxing. It is covered, screened in and has a great view of the back yard which has no rear neighbors. Mexican tile and pine tongue and groove ceiling make the back porch a very inviting place to watch the sun set. The house has been maintained immaculately and has many recent updates: new exterior paint in 2020, new roof in 2018 ($22,000), new A/C system in 2018, new water heater 2017. There is lush landscaping all around the home and beautiful landscape lighting in the front of the home. This lovely home is move in ready. Call today to see 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: Bennington

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $69k343k

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

Neighborhood: Bennington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700180019002000Rent in $8952078

* 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
Eastbrook Elementary School Primary Regular 809 57 5
Tuskawilla Middle School Middle Regular 1,080 57 5
Lake Howell High School High Regular 2,229 117 6

Eastbrook Elementary School

  • Education Level: Primary
  • # of students: 809
  • # of teachers: 57
5
GreatSchools Rating

Tuskawilla Middle School

  • Education Level: Middle
  • # of students: 1,080
  • # of teachers: 57
5
GreatSchools Rating

Lake Howell High School

  • Education Level: High
  • # of students: 2,229
  • # of teachers: 117
6
GreatSchools Rating
 

$360,000$440,000$400,000

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 -$1,476
Property Tax -$399
Property Insurance -$155
HOA -$35
Property Management Fees -$129
CASH FLOW
-$154

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.

$400,000

PROJECTED PRICE

$2,040

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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$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$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$12,827

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
  • $1,997

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,9504$2,0175$2,040
$2,040
RENT COMPS ANALYSIS
  • 3340 Bennington Ct Winter Park, FL 5
    • 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $2,040
    • $1.03
    •  
  • 1575 Lawndale Cir Winter Park, FL 1
    • 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1985
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 4087 Waterview Loop Winter Park, FL 2
    • 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,788 Sqft ∙ Built 1990
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
  • 3629 Jericho Dr Casselberry, FL 3
    • 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 1984
    LEASED 11/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.98
    •  
  • 1663 Meadowgold Ct Winter Park, FL 4
    • 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,794 Sqft ∙ Built 1987
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,017
    • $1.12
    •  
PROPERTY LISTING DETAILS
Klaudia Toohey
1.407.967.9770
Charles Rutenberg Realty Orlando
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911255
Last Updated: 12/15/2020
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