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14720 Chadbury Ct Orlando, FL 32828

4 Beds 2 Baths 1,914 sqft Built 2000

$335,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $175.03
  • 52 Days on Market
  • MLS # : O5901221
  • Updated Date : 12/10/2020 at 14:17
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,914 sqft
  • Baths : 2 full
Listing Agent

Re/max Vantage

Listing Agent's Description

Awesome UPDATED 4 bedroom on larger corner lot in GATED GOLF community with TONS of added features you won't find elsewhere! BUILT IN PROPANE gas was added for cooking, BBQ grill, dryer and water heater! The layout was reconfigured at build with added bay window, added 3x14 foot bump out to modify the bedroom flow and ADD TONS OF CLOSET SPACE! All bedrooms have additional closets. More features added with build: Cat 5 wiring, additional outlets, larger windows on east side. Other updates and added features include: BRAND NEW ROOF, new laminate flooring and baseboards, newly remodeled bathrooms, master bath Jetted spa tub & gentlemen height vanity, added linen closet & built in storage plus skylight, 2 solar attic fans, updated kitchen with added cabinets, granite, upgraded stainless appliances with new gas stove & microwave; new paint inside and out, knock down ceilings, new light fixtures, skylights, stylish barn door to bedroom 4 which can be used as an office or flex space, AC replaced 2014 under extended warranty, front door and slider 2017,giant extended oversized patio slab plus over 5k in added landscape buffer with French drain too. Community amenities include cable/internet, guard maned gates, Jr Olympic pool, handicap modified clubhouse and sauna, fitness center, clubhouse, playground, walking trails plus basketball, tennis & soccer courts and GOLF for additional fees. Conveniently close to A-rated schools, Waterford Lakes Shopping Mall, University of Central Florida, highway access to 408, 528 & 417 plus just a short drive to beaches and tourist attractions. SAVE TIME AND MONEY : This home already has a completed transferable FHA APPRAISAL at list price! This home has also been inspected and the repairs completed! CLOSE BY YEAR END AND GET YOUR HOMESTEAD TAX EXEMPTION SAVINGS TOO!

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

Neighborhood: Stoneybrook

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400kPrice in $105k432k

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

Neighborhood: Stoneybrook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292297

* 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
Stone Lakes Elementary School Primary Regular 870 58 9
Avalon Middle School Middle Regular 1,809 96 8
Timber Creek High School High Regular 3,132 161 8

Stone Lakes Elementary School

  • Education Level: Primary
  • # of students: 870
  • # of teachers: 58
9
GreatSchools Rating

Avalon Middle School

  • Education Level: Middle
  • # of students: 1,809
  • # of teachers: 96
8
GreatSchools Rating

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,236
Property Tax -$381
Property Insurance -$150
HOA -$172
Property Management Fees -$129
CASH FLOW
-$259

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.

$335,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.7%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,191

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,799

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,8003$1,8104$1,8505$1,925
$1,925
RENT COMPS ANALYSIS
  • 14720 Chadbury Ct Orlando, FL 3
    • 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,914 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.95
    •  
  • 14709 Chadbury Ct Orlando, FL 1
    • 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2003
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 14756 Hartford Run Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,825 Sqft ∙ Built 1999
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.99
    •  
  • 14841 Huntley Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2001
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.00
    •  
  • 13612 Podocarpus Ln Orlando, FL 5
    • 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,067 Sqft ∙ Built 2006
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.93
    •  
PROPERTY LISTING DETAILS
Michelle Morrow
1.407.405.0311
Re/max Vantage
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5901221
Last Updated: 12/10/2020
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