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11424 Chateaubriand Ave Orlando, FL 32836

3 Beds 2 Baths 2,276 sqft Built 2014

$358,995

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $157.73
  • 4 Days on Market
  • MLS # : O5911067
  • Updated Date : 12/11/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,276 sqft
  • Baths : 2 full
Listing Agent

Bahia International Realty

Listing Agent's Description

Beautiful Single Story ENERGY EFFICIENCY HOME BUILT BY KB HOME, 3 Bedrooms, 2 Bath Home, features an amazing fully upgraded modern GOURMET KITCHEN with 42” Cabinets, granite countertops, Huge Island with recessed can lights that is Open to the Large great and dining room, Extended Covered Patio, 9' 4" CEILING HEIGHT, Flex Space can be used as Dining Room, office, kids play area. Master Bedroom has a very good size and the master bathroom has Double Sinks, separate Shower and hot / tub spa and oversized walk-in closet. This home comes with included features like: TECH SHIELD RADIANT BARRIER, R-30 INSULATION IN CEILINGS, LOW E DUAL PANEL WINDOWS, CARRIER 15 SEER ENERGY EFFICIENT HEAT PUMP W/PURON A/C, THERMOSTAT, ENERGY EFFICIENCY EXTERIOR DOOR WEATHER-STRIPPING. WATER SAVING PLUMBING FIXTURES, KOHLER ULTRA LOW ELONGATED TOILETS, LOW FLOW MOEN SHOWER HEADS AND WATERSENSE FAUCETS, PRESTIGE HYBRID HEAT PUMP AND 50 GALLON WATER HEATER, ALUMINIUM FASCIA AND SOFFIT VENTING THROUGH HEAT DISPERSING ROOF VENTS, , Community amenities include resort-style pool/cabana, putting green, soccer field, playgrounds The Community of Mabel Bridge offers a resort style pool, community area, golf putting green and soccer field. Zoned for A rated schools Conveniently located near to shops, restaurants and major road. Less than one mile to Disney area. Don't miss out on this lovely home.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Zip Code: 32836

ZipNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550kPrice in $105k555k

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

Zip Code: 32836

ZipNIR Market*CityMarket2010Year20002019 Q2120014001600180020002200240026002800Rent in $10292934

* 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
 

$323,096$394,895$358,995

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,325
Property Tax -$434
Property Insurance -$172
HOA -$68
Property Management Fees -$129
CASH FLOW
$72

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.

$358,995

PROJECTED PRICE

$2,200

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 2.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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$5.0k$10k$15k

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$100,884

INVESTMENT

$100,884

Down Payment
$89,749
Rehab Estimate
$5,750
Closing Costs
$5,385

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,325

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,749
Loan Amount $269,246
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$31,778

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,253

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,2003$2,2504$2,3005$2,370
$2,370
RENT COMPS ANALYSIS
  • 11424 Chateaubriand Ave Orlando, FL 2
    • 3 beds 2 baths ∙ 2,276 Sqft ∙ Built 2014 3 beds 2 baths ∙ 2,276 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.97
    •  
  • 11598 Acosta Ave Orlando, FL 1
    • 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2013
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 11536 Brightstowe Way Orlando, FL 3
    • 3 beds 3 baths ∙ 2,230 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,230 Sqft ∙ Built 2010
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.01
    •  
  • 11543 Wakeworth St Orlando, FL 4
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2010
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
  • 8838 Leeland Archer Blvd Orlando, FL 5
    • 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,411 Sqft ∙ Built 2006
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,370
    • $0.98
    •  
PROPERTY LISTING DETAILS
Alexandra Mateu
1.321.332.8039
Bahia International Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911067
Last Updated: 12/11/2020
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