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7321 Hunterdon Ct Orlando, FL 32835

3 Beds 2 Baths 1,626 sqft Built 1990

$319,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $196.19
  • 3 Days on Market
  • MLS # : O5907347
  • Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,626 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Winter Park

Listing Agent's Description

Super energy-efficient 3BD/2BA solar home with brand new HVAC unit in the desirable Pembrooke neighborhood! This beautiful open floor plan, split-bedroom home with hardwood floors and vaulted ceilings has been well-maintained and is ready for it’s next homeowner. Updated white kitchen with stainless steel appliances, granite countertops, travertine floor and sky light over the breakfast nook. Separate dining room is open to the living and family rooms and is perfect for entertaining. Spacious master bedroom with a walk-in closet and master bath with granite countertop, dual sinks, travertine floor and a tub/shower combo with glass doors. Relax in the enclosed FL Room or in the private backyard that backs up to a wooded conservation area. The exterior of the home has recently been repainted and sits on a cul-de-sac across from the community pool, tennis court and dog park. AT&T Digital Life alarm and video monitoring system. Olympia school district and Mall at Millenia and Restaurant Row close by. Come see for yourself everything this amazing home and community has to offer.

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: Pembrooke

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k342k

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

Neighborhood: Pembrooke

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292089

* 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
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,177
Property Tax -$357
Property Insurance -$133
HOA -$53
Property Management Fees -$143
CASH FLOW
-$274

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.

$319,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.6%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,177

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

0.92

YEARS SAVED

$1,478

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $1,581

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,590
1$1,5902$1,6503$1,8004$1,8005$2,000
$2,000
RENT COMPS ANALYSIS
  • 7321 Hunterdon Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.98
    •  
  • 7204 Somersworth Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,711 Sqft ∙ Built 1989
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.96
    •  
  • 7718 Rollingridge Ct Orlando, FL 3
    • 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,953 Sqft ∙ Built 1990
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
  • 2626 Gilsom Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,830 Sqft ∙ Built 1989
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.98
    •  
  • 7219 Hunterdon Dr Orlando, FL 5
    • 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,937 Sqft ∙ Built 1988
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.03
    •  
PROPERTY LISTING DETAILS
Lisa Gould
1.407.721.7612
Keller Williams Winter Park
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907347
Last Updated: 11/21/2020
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