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7343 Cook Ln Winter Park, FL 32792

4 Beds 2 Baths 1,381 sqft Built 1981

$279,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $202.03
  • 4 Days on Market
  • MLS # : O5918150
  • Updated Date : 01/22/2021 at 11:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,381 sqft
  • Baths : 2 full
Listing Agent

Assist 2 Sell All Sellers & Bu

Listing Agent's Description

Welcome to Winter Park and the wonderful neighborhood of Oakcrest with NO HOA! This home is on a quiet street centrally located near shopping, dining, the Cady Way Trail, and easy access to highways. As you step in to the home you will love the large kitchen that has plenty of cabinetry and countertop space – an ideal setting to prepare your favorite meals for family and friends. The kitchen flows seamlessly into the inviting living space which is the heart of the split bedroom floor plan. The master suite is on one side and the three bedrooms and additional bath on the opposite side. The flooring features engineered wood that is durable, easy to clean, and maintain. The living room is connected to a large screened-in lanai where you can relax and enjoy these beautiful sun-filled days or grill on your barbecue. Zoned for Seminole County Schools, this home is turn-key and move-in ready for its new owner!

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: Oakcrest

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k293k

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

Neighborhood: Oakcrest

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7992002

* 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
 

$251,100$306,900$279,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$969
Property Tax -$279
Property Insurance -$119
Property Management Fees -$129
CASH FLOW
$125

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.

$279,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.0%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$26,073

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $1.17

    LIST RENT PER SQFT
  • $1,371

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3003$1,5504$1,6005$1,620
$1,620
RENT COMPS ANALYSIS
  • 7343 Cook Ln Winter Park, FL 5
    • 4 beds 2 baths ∙ 1,381 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,381 Sqft ∙ Built 1981
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $1.17
    •  
  • 7353 Grand Ave Winter Park, FL 1
    • 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,305 Sqft ∙ Built 1982
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.00
    •  
  • 7422 Grand Ave Winter Park, FL 2
    • 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,447 Sqft ∙ Built 1975
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.90
    •  
  • 1369 Hyde Park Dr Winter Park, FL 3
    • 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,518 Sqft ∙ Built 1987
    property image
    LEASED 02/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.02
    •  
  • 3047 Ash Park Loop Winter Park, FL 4
    • 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,531 Sqft ∙ Built 1988
    property image
    LEASED 06/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
PROPERTY LISTING DETAILS
Jamie Ampel
1.407.889.2220
Assist 2 Sell All Sellers & Bu
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918150
Last Updated: 01/22/2021
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