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7276 Hawksnest Blvd Orlando, FL 32835

3 Beds 2 Baths 1,766 sqft Built 1993

$359,900

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1993
  • Price/Sqft : $203.79
  • 2 Days on Market
  • MLS # : O5910069
  • Updated Date : 12/06/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,766 sqft
  • Baths : 2 full
Listing Agent

Re/max Properties Sw

Listing Agent's Description

Spectacular GOLF FRONT located on the 11th Fairway of Metro West Golf Course. Builders personal residence features recent updates with high finishes for todays consumer desires. Spacious 3BR, 2BA offers stunning golf course views. The decorative carved wood front door makes a statement as you enter the home. Soaring ceilings with skylights provides lots of natural light. Well designed for entertaining, main living spaces with hard surface wood and tile floors provided ease of care and maintenance. Recently updated kitchen with Quartz Counters, undermount sink, decorative backsplash plus full Stainless appliance package. Outdoor living space from the Family Room and Master Bedroom to the expanded lanai with additional seating, expansive views, extensive pavers and inground spa. You love the finishes in the fully updated master bath! Other upgrades include: Lighting, Fans and bath fixtures, Plantation Shutters, Molding and Trims, Custom Book Shelves in the designated Office/Study, Repipe, Pavers front walkway, Subway Tile & Glass Shower Door Second bath. The cul-de-sac and surrounding area locale are ideal! Lawn maintenance included in the monthly HOA. Convenient to all the major roads, shopping, and area restaurants. This is a definite must see home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Metro West

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $87k253k

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

Neighborhood: Metro West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800190020002100220023002400Rent in $10282458

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
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
 

$323,910$395,890$359,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,328
Property Tax -$454
Property Insurance -$142
HOA -$195
Property Management Fees -$129
CASH FLOW
-$267

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.

$359,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.3%
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-$8.0k-$6.0k-$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$101,124

INVESTMENT

$101,124

Down Payment
$89,975
Rehab Estimate
$5,750
Closing Costs
$5,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,975
Loan Amount $269,925
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,339

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,762

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,8003$1,8004$1,9805$2,150
$2,150
RENT COMPS ANALYSIS
  • 7276 Hawksnest Blvd Orlando, FL 4
    • 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,766 Sqft ∙ Built 1993
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.12
    •  
  • 7204 Somersworth Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1989
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 7718 Rollingridge Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1990
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 2626 Gilsom Ct Orlando, FL 3
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1989
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 7279 Hawksnest Blvd Orlando, FL 5
    • 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,901 Sqft ∙ Built 1994
    property image
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.13
    •  
PROPERTY LISTING DETAILS
Helen Thompson
1.407.766.7537
Re/max Properties Sw
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5910069
Last Updated: 12/06/2020
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