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10720 Westbrook Dr Orlando, FL 32821

5 Beds 2 Baths 2,052 sqft Built 1980

$280,000

List Price

$2,080

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $136.45
  • 3 Days on Market
  • MLS # : O5915570
  • Updated Date : 01/09/2021 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,052 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Welcome home to this charming REMODELED 5 bedroom home just 1 block from Sea World and 5 min to Orange County Convention Center! A beautiful porch awaits right before you enter the home, perfect to sit outside for a morning coffee or relax and enjoy the Florida weather. Upon entry you are greeted with open space filled with light. This home features a living room and dining room combo area ideal for entertaining friends and family. The kitchen boasts granite-like formica countertop with plenty of cabinetry. New laminate flooring in bedrooms and tile through living spaces. NO carpet! This home also has a NEW tile roof that's about 1.5 years old and a new water filtration system. One of the best things about this home, no rear neighbors! Make the backyard the OASIS of your dreams with all the land space you will have. Close to major roads and highways, shopping/dining, theme parks and attractions, and A-rated schools. Contact for a showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Windmill Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240kPrice in $104k253k

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

Neighborhood: Windmill Pointe

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9211712

* 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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,872$2,288$2,080

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,080
EXPENSES Loan Payment -$973
Property Tax -$321
Property Insurance -$159
Property Management Fees -$129
CASH FLOW
$499

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.

$280,000

PROJECTED PRICE

$2,080

PROJECTED RENT

0.74%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k$25k

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$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$973

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

13.5

YEARS SAVED

$60,689

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,080

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $2,139

    COMP ESTIMATED VALUE
  • $1.04

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$1,9003$2,0004$2,0505$2,080
$2,080
RENT COMPS ANALYSIS
  • 10720 Westbrook Dr Orlando, FL 5
    • 5 beds 2 baths ∙ 2,052 Sqft ∙ Built 1980 5 beds 2 baths ∙ 2,052 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $2,080
    • $1.01
    •  
  • 5632 Delano Ln Orlando, FL 1
    • 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1990
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.11
    •  
  • 11614 Carmody Ct Orlando, FL 2
    • 4 beds 3 baths ∙ 1,864 Sqft ∙ Built 1989 4 beds 3 baths ∙ 1,864 Sqft ∙ Built 1989
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.02
    •  
  • 3036 Crystal Creek Blvd Orlando, FL 3
    • 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 1997 4 beds 2 baths ∙ 2,057 Sqft ∙ Built 1997
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 5372 Watervista Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 2000 4 beds 3 baths ∙ 1,910 Sqft ∙ Built 2000
    LEASED 07/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.07
    •  
PROPERTY LISTING DETAILS
Veronica Figueroa
1.407.329.9500
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5915570
Last Updated: 01/09/2021
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