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512 Saint Dunstan Way Winter Park, FL 32792

3 Beds 2 Baths 1,443 sqft Built 1964

$325,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $225.23
  • 5 Days on Market
  • MLS # : O5905326
  • Updated Date : 11/12/2020 at 09:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,443 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Winter Park

Listing Agent's Description

Welcome to the Winter Park Pines, with tree-lined streets and the mailman that delivers to your door! This charming Winter Park home resides on a beautiful street that is just a hop, skip and a jump from the Cady Way Trail, Playground and Pool, and Brookshire Elementary. As you walk in the double doors you are immediately greeted by a quaint foyer area that leads directly to the open living and dining room combo. The living room is bright and cheery and features a gorgeous wood-burning fireplace with bricks from floor to ceiling. The living room also has a beautiful built-in book shelf directly adjacent to the fireplace. Access the incredible backyard through either set of sliding glass doors, through the living room or the dining room as well a beautiful natural light! The back yard is HUGE and features an absolutely STUNNING PRIVACY HEDGE that completely encloses all three sides of the yard. The dining room has plenty of space for a large table, chairs and hutch. As you make your way back through the living room to the front of the house, all three bedrooms are located to the right. Down the hall to the right is the master bedroom complete with beautiful TERRAZZO flooring, HIS and HERS CLOSETS and a lovely brick accent wall. The master bathroom has a light and bright walk in shower, brand NEW toilet and extra storage space. As you head back down the hall you will find the second bathroom to your left. This bathroom has a bathtub/shower combo and extra storage underneath the vanity. The second and third bedroom are a generous size, have beautiful terrazzo flooring and LARGE CLOSETS. As you make your way back down the hall you will find the kitchen and eat-in area in the front of the home. This room also has beautiful terrazo flooring and a large window overlooking the front yard, large eat in area as well. Off of the eat-in area is access to the garage and laundry room or workshop space. You won't want to miss the opportunity to see this lovely Winter Park Pines home! HVAC - 2014, NEW Water Heater - 11/2020, NEW Plumbing - 11/2020, Double Pane Windows, Fireplace

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: Winter Park Pines

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $110k363k

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

Neighborhood: Winter Park Pines

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100Rent in $10292194

* 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
Brookshire Elementary School Primary Regular 632 49 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Brookshire Elementary School

  • Education Level: Primary
  • # of students: 632
  • # of teachers: 49
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,199
Property Tax -$340
Property Insurance -$122
Property Management Fees -$149
CASH FLOW
-$150

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.

$325,000

PROJECTED PRICE

$1,660

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

2.5

YEARS SAVED

$7,501

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,403

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,4003$1,4004$1,6505$1,660
$1,660
RENT COMPS ANALYSIS
  • 512 Saint Dunstan Way Winter Park, FL 5
    • 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,443 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $1.15
    •  
  • 203 N Ranger Blvd Winter Park, FL 1
    • 4 beds 2 baths ∙ 1,559 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,559 Sqft ∙ Built 1962
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.89
    •  
  • 2348 Middleton Ave Winter Park, FL 2
    • 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,276 Sqft ∙ Built 1959
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.10
    •  
  • 638 Saint Dunstan Way Winter Park, FL 3
    • 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,599 Sqft ∙ Built 1966
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.88
    •  
  • 212 N Ranger Blvd Winter Park, FL 4
    • 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 1963 4 beds 2 baths ∙ 1,615 Sqft ∙ Built 1963
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.02
    •  
PROPERTY LISTING DETAILS
Amy Turner
1.407.803.3885
Keller Williams Winter Park
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905326
Last Updated: 11/12/2020
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