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This page contains information about each property aggregated from public data sources, and is not intended to serve as an appraisal. Projections for accumulated wealth, cash flow and equity are based on predictive models used to analyze big data on more than 110 million homes. Learn more.

2319 Cherrywood Ln Orlando, FL 32803

3 Beds 2 Baths 1,517 sqft Built 1953
Last updated:  Nov 28, 2019

INVESTimate

$385,984

$345K - $427K

Price Est.

$2,264

$2.1K - $2.4K

Rent Est.

$394,360  ( +2.17%)   1 YR EST. FORECAST

2319 Cherrywood Ln PROPERTY INFO

FACTS
  • Built In 1953
  • Price/Sqft : $254.44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,517 sqft
  • Baths : 2 Full
PROPERTY DESCRIPTION
2319 Cherrywood Ln, Orlando, FL 32803 is a single family home of 1,517 sqft. HomeUnion estimate for 2319 Cherrywood Ln includes a Price Estimate of $385,984 and a Rent Estimate of $2,264. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1953. This property has an estimated 15 year annualized Yield of 7.04% and Total Return of 13.18%. The estimated 1 year forecast in home value for 2319 Cherrywood Ln is 2.17%.
  
  
  

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2319 Cherrywood Ln SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
AUDUBON PARK SCHOOL Primary Unknown NA
AUDUBON PARK SCHOOL Middle Unknown NA
WINTER PARK HIGH SCHOOL High Magnet 3,387 177 8

AUDUBON PARK SCHOOL

  • Education Level: Primary
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

AUDUBON PARK SCHOOL

  • Education Level: Middle
  • # of students: 0
  • # of teachers: 0
-1
GreatSchools Rating

WINTER PARK HIGH SCHOOL

  • Education Level: High
  • # of students: 3,387
  • # of teachers: 177
8
GreatSchools Rating
 

Financial Details

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Neighborhood

Rowena Gardens

  • 294

    POPULATION
  • 149

    HOUSEHOLDS
  • 88.8%

    WHITE COLLAR

Neighborhood : Rowena Gardens

HOUSEHOLDS
149
POPULATION

294

23.3%Renters
76.7%Home Owners
LABOR FORCE

 

88.8%White Collar
11.2%Blue Collar
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,264 per month.

MY RENT : $2,264 MEDIAN RENT : $2,542

Rent % Distribution LEVEL
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,264 would therefore be considered affordable for annual household incomes greater than $90,560 (12 months x 3.333 x $2,264).

Rent % Affordability
Above $500 81.9%
Above $700 80.4%
Above $1,100 73.6%
Above $1,500 69.4%
Above $1,900 51.3%
HOUSEHOLD INCOME RANGE

Approximately 74 of households in this neighborhood have a total annual income of $90,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,264 per month.

MINIMUM INCOME RANGE : $90,560

Income % Distribution
<$20K 18.1%
$20K-$35K 5.6%
$35K-$60K 6.9%
$60K-$100K 20.1%
>=$100K 49.3%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 6.4%
10-14 mins 27.9%
15-19 mins 19.3%
20-29 mins 21.4%
30-44 mins 12.1%
45-59 mins 3.6%
>60 mins 9.3%
DISTRIBUTION OF RENTS IN NEIGHBORHOOD

Approximately 100% of rental properties in this neighborhood have a monthly rental rate greater than or equal to the target rent for this property of $2,264 per month.

MY RENT : $2,264 MEDIAN RENT : $2,542

Rent % Distribution
$500-699 0.0%
$700-899 0.0%
$900-999 0.0%
$1,000-1,499 0.0%
>=$1,500 100.0%
Household Rent Affordability

According to U.S. Department of Housing and Urban Development, families that use more than 30% of their income to pay for housing are considered cost burdened. A target rent of $2,264 would therefore be considered affordable for annual household incomes greater than $90,560 (12 months x 3.333 x $2,264).

Rent % Affordability
Above $500 81.9%
Above $700 80.4%
Above $1,100 73.6%
Above $1,500 69.4%
Above $1,900 51.3%
HOUSEHOLD INCOME RANGE

Approximately 74 of households in this neighborhood have a total annual income of $90,560 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,264 per month.

MINIMUM INCOME RANGE : $90,560

Income % Distribution
<$20K 18.1%
$20K-$35K 5.6%
$35K-$60K 6.9%
$60K-$100K 20.1%
>=$100K 49.3%
COMMUTE TIME DISTRIBUTION

53% of the working population has a commute time of 15 to 44 minutes, 34% has a commute time of 14 minutes or less and 13% has a commute time of 45 minutes or longer.

Time (mins) % Distribution
<5 mins 0.0%
5-9 mins 6.4%
10-14 mins 27.9%
15-19 mins 19.3%
20-29 mins 21.4%
30-44 mins 12.1%
45-59 mins 3.6%
>60 mins 9.3%

Rowena Gardens Demographics

INDUSTRY

Industry % Distribution
Educational Services 14.0%
Financial Industries 12.7%
Health Care & Social Assistance 15.9%
Professional & Scientific Tech Services 14.0%
Real Estate 7.6%
Retail & Wholesale Trader 10.8%
Other 24.8%
AGE DISTRIBUTION

56% of the population is between the ages of 25 and 64, 20% is 24 or younger and 23% is 65 or older.

Age % Distribution
<15 15.0%
15-19 5.4%
20-24 0.0%
25-44 21.8%
45-65 34.4%
66+ 23.5%
OCCUPATION

Occupation % Distribution
Computer Engineering 6.8%
Construction 12.8%
Legal 9.4%
Management, Business, & Financial 29.1%
Production & Transportation 7.7%
Sales & Office 14.5%
Other 19.7%
HIGHEST EDUCATION LEVEL

38% of adults 25 and older have an education level of a bachelor's degree or higher.

Education Level % Distribution
Associates Degree 8.4%
High School 11.3%
Masters Degree 21.8%
Professional 7.5%
Some College 3.8%
Other 47.3%

2319 Cherrywood Ln Comps

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Looking for real estate investment properties in this area? You can browse additional properties and view investment data in FL , ORANGE County , or the 32803 Zipcode. Nearby Zipcodes include Zipcode1 and Zipcode2

Nearest zipcodes within 2 miles

  1. 32789
  2. 32814
  3. 32804
  4. 32792
  5. 32801