Financial Details2320 Cherrywood Ln PROPERTY INFO
FACTS
- Built In 1954
- Price/Sqft : $271.34
CONSTRUCTION
- Beds : 3
- Floor Size : 2,058 sqft
- Baths : 2 Full
PROPERTY DESCRIPTION
2320 Cherrywood Ln, Orlando, FL 32803 is a single family home of 2,058 sqft. HomeUnion estimate for 2320 Cherrywood Ln includes a Price Estimate of $558,410 and a Rent Estimate of $2,801. This single family home has 3 bedrooms, 2 bathrooms, and was built in 1954. This property has an estimated 15 year annualized Yield of 6.02% and Total Return of 12.06%. The estimated 1 year forecast in home value for 2320 Cherrywood Ln is 2.17%.OTHER REAL ESTATE INVESTMENT PROPERTIES
The following properties with Estimated Highest Gross Yields are available in other markets.
2320 Cherrywood Ln SCHOOLS
Financial Details
See Financial Details
To review the detailed projections for this property, sign up for a FREE account
Rowena Gardens
Neighborhood : Rowena Gardens
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 $2,801 per month.
MY RENT : $2,801 MEDIAN RENT : $2,542
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 $2,801 would therefore be considered affordable for annual household incomes greater than $112,040 (12 months x 3.333 x $2,801).
HOUSEHOLD INCOME RANGE
Approximately 39 of households in this neighborhood have a total annual income of $112,040 or more. This is the minimum amount of income necessary to comfortably afford the target rental rate for this property of $2,801 per month.
MINIMUM INCOME RANGE : $112,040
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.
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% |
2320 Cherrywood Ln Comps
Sorry, we do not have sufficient data available.
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
