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10434 Bridlewood Ave Orlando, FL 32825

3 Beds 2 Baths 1,461 sqft Built 1989

$275,000

List Price

$1,500

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1989
  • Price/Sqft : $188.23
  • 3 Days on Market
  • MLS # : O5909831
  • Updated Date : 12/05/2020 at 15:51
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,461 sqft
  • Baths : 2 full
Listing Agent

Orlando Realty Professionals

Listing Agent's Description

Welcome home! This home has been loved and it shows. 3 bedroom 2 bath with 1461 square feet. Boasting a split floor plan with lots of upgrades including engineered hardwood flooring, updated kitchen and baths with wood cabinets and granite countertops, stainless steel appliances and fresh interior and exterior paint. All this PLUS a large back yard, which is great for entertaining. Great East Orlando location, minutes to UCF, Research Park, Lockheed Martin, Valencia College with easy access to HWY 408.

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: Park Manor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $97k253k

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

Neighborhood: Park Manor Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8861712

* 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,350$1,650$1,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,500
EXPENSES Loan Payment -$1,015
Property Tax -$313
Property Insurance -$123
Property Management Fees -$129
CASH FLOW
-$80

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.

$275,000

PROJECTED PRICE

$1,500

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 9.6%
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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

3.75

YEARS SAVED

$11,171

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,500

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,370

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,4953$1,5004$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 10434 Bridlewood Ave Orlando, FL 4
    • 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,461 Sqft ∙ Built 1989
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.03
    •  
  • 10207 Rondell Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,264 Sqft ∙ Built 1998
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.87
    •  
  • 10929 Tangora St Orlando, FL 2
    • 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,584 Sqft ∙ Built 1969
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.94
    •  
  • 920 Drepsen Hook Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,655 Sqft ∙ Built 1989
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.91
    •  
  • 10120 Jepson St Orlando, FL 5
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1988
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $1.03
    •  
PROPERTY LISTING DETAILS
Anthony Rhodes
1.407.719.8709
Orlando Realty Professionals
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5909831
Last Updated: 12/05/2020
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