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5122 Honeynut Ln Windermere, FL 34786

3 Beds 2 Baths 1,492 sqft Built 1987

INVESTimate

$357,000

List Price

$1,880

$1,692 - $2,068

Rent Est.

$378,170  ( +5.93%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1987
  • Price/Sqft : $239.28
  • 2 Days on Market
  • MLS # : O5887223
  • Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,492 sqft
  • Baths : 2 full
Listing Agent

Upside Real Estate Inc

Listing Agent's Description

LOCATION… LOCATION…..Windermere address and schools. Well established neighborhood between Bay Hill and Isleworth golf courses. Convenient to shopping, dining, major roads and area attractions. Shaded by oaks on a quiet cul de sac this adorable home has been beautifully renovated and ready to move in. Wood floors throughout. Updated kitchen with custom cabinets, stainless appliances and granite counter tops. Vaulted ceilings and open plan. Glass sliding doors lead to huge porch with tile floors and combination windows creating additional living space. Inviting built in spa is included as is. Owner has never used but appears in good condition. Spacious back yard fenced for privacy. New Septic, pavered driveway in 2018. Hurry, this one won’t last!!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Silver Woods

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Neighborhood: Silver Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10293062

* 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
Windermere Elementary School Primary Regular 753 48 9
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Windermere Elementary School

  • Education Level: Primary
  • # of students: 753
  • # of teachers: 48
9
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
 

$321,300$392,700$357,000

PURCHASE PRICE

$1,692$2,068$1,880

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,880
EXPENSES Loan Payment -$1,317
Property Tax -$411
Property Insurance -$125
HOA -$25
Property Management Fees -$169
CASH FLOW
-$168

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.

$357,000

PROJECTED PRICE

$1,880

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.93%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$100,355

INVESTMENT

$100,355

Down Payment
$89,250
Rehab Estimate
$5,750
Closing Costs
$5,355

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,317

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,250
Loan Amount $267,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,714

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,880

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,615

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,395
1$1,3952$1,8753$1,8804$1,9505$2,250
$2,250
RENT COMPS ANALYSIS
  • 5122 Honeynut Ln Windermere, 3
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,880
    • $1.26
    •  
  • 9479 Woodbreeze Blvd Windermere, 1
    • 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,492 Sqft ∙ Built 1987
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.93
    •  
  • 6384 Edge O Grove Cir Orlando, 2
    • 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,828 Sqft ∙ Built 1986
    LEASED 08/22/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.03
    •  
  • 4912 Woodbreeze Ct Windermere, 4
    • 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,723 Sqft ∙ Built 1986
    LEASED 08/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.13
    •  
  • 9151 Woodbreeze Blvd Windermere, 5
    • 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,819 Sqft ∙ Built 1985
    LEASED 07/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.24
    •  
PROPERTY LISTING DETAILS
Judy Black
1.407.810.1803
Upside Real Estate Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5887223
Last Updated: 08/26/2020
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