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1429 Bradwell Dr Orlando, FL 32837

4 Beds 2 Baths 2,144 sqft Built 1992

$359,888

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 06, 2020 RECENTLY ADDED
FACTS
  • Built In 1992
  • Price/Sqft : $167.86
  • 4 Days on Market
  • MLS # : S5042227
  • Updated Date : 11/06/2020 at 01:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,144 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Located in one of the best neighborhoods in southern Orlando! This amazingly spacious 4 bedroom, 2 bathroom, pool home is centrally located to all major attractions and highways. Only 30 minutes to Disney World, Universal Studios, and Sea World, with easy highway access to the beaches on both coasts. Also, within minutes to The Loop and many other convenient shopping locations. Beautiful wood plank tile installed throughout the entire home. The enticing kitchen is a must see with the Quartz countertops and Italian Marble Backsplash, which opens into the modern open living room, Great for family and friend gatherings throughout the year. All the bedrooms are ready for your personal touches. The creative unique shaped pool and screened in lanai is perfect for year round swimming and outside activities. The entire fenced in yard is extremely private with plenty of space. This home will not last long so your visit right away.

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

Zip Code: 32837

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k292k

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

Zip Code: 32837

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900Rent in $10191924

* 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
 

$323,899$395,877$359,888

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,328
Property Tax -$403
Property Insurance -$164
HOA -$35
Property Management Fees -$178
CASH FLOW
-$128

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.

$359,888

PROJECTED PRICE

$1,980

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.2%
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-$6.0k-$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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$101,120

INVESTMENT

$101,120

Down Payment
$89,972
Rehab Estimate
$5,750
Closing Costs
$5,398

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,328

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $89,972
Loan Amount $269,916
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,099

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $2,133

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,845
1$1,8452$1,9803$2,0004$2,1005$2,200
$2,200
RENT COMPS ANALYSIS
  • 1429 Bradwell Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 1992 4 beds 2 baths ∙ 2,144 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.92
    •  
  • 1405 Bradwell Dr Orlando, FL 1
    • 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,969 Sqft ∙ Built 1990
    LEASED 07/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.94
    •  
  • 12530 Braxted Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,969 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,969 Sqft ∙ Built 1990
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.02
    •  
  • 12602 Beltingle Ct #11 Orlando, FL 4
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1990 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 1990
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.99
    •  
  • 12608 Beltingle Ct Orlando, FL 5
    • 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 1991 4 beds 2 baths ∙ 2,138 Sqft ∙ Built 1991
    LEASED 06/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $1.03
    •  
PROPERTY LISTING DETAILS
Miguel Hernandez
1.888.883.8509
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5042227
Last Updated: 11/06/2020
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