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2500 Corbyton Ct Orlando, FL 32828

4 Beds 2 Baths 1,987 sqft Built 2001

$355,000

List Price

$1,790

$1.6K - $2K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $178.66
  • 125 Days on Market
  • MLS # : S5039511
  • Updated Date : 01/05/2021 at 12:08
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,987 sqft
  • Baths : 2 full
Listing Agent

Sunshine Florida Realty, Inc

Listing Agent's Description

Lovely 4 bed/2 bath home on a big lot in the Sought after STONEYBROOK GOLF COMMUNITY with 24 HR GUARD GATE. Located in the desirable Ridgemoor area of Stoneybrook East. , this home features tons of upgrades: wood floors, crown moldings, stainless steel kitchen appliances, maple cabinets,corian counter top, large pantry, fenced yard. Family room features plant shelf and sliders to covered screened lanai. Master suite features hardwood floor and master bath with dual sinks, garden tub, separate shower and walk in closet. Secondary bedrooms, cabana bath plus laundry room.Community facilities include Jr Olympic pool, fitness center, sports courts and fields, and Stoneybrook Golf Course. Conveniently close to A-rated schools, Waterford Lakes Shopping Mall, UCF, highway access to 408, 528 & 417. Property tax amount in this listinig is assessed for a non resitance owner. HOA charges one time ownership transfer fee of $1600 to be paid by the buyer at closing. Please verify HOA for exact amount and by laws. All measurements are estimate please verify with the county for accurate records.

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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: 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
 

$319,500$390,500$355,000

PURCHASE PRICE

$1,611$1,969$1,790

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,790
EXPENSES Loan Payment -$1,233
Property Tax -$404
Property Insurance -$155
HOA -$160
Property Management Fees -$129
CASH FLOW
-$291

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.

$355,000

PROJECTED PRICE

$1,790

PROJECTED RENT

0.50%

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$99,825

INVESTMENT

$99,825

Down Payment
$88,750
Rehab Estimate
$5,750
Closing Costs
$5,325

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,233

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $88,750
Loan Amount $266,250
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$2,431

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,790

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,848

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7753$1,7904$1,8505$1,925
$1,925
RENT COMPS ANALYSIS
  • 2500 Corbyton Ct Orlando, FL 3
    • 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,987 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,790
    • $0.90
    •  
  • 14709 Chadbury Ct Orlando, FL 1
    • 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2003
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 2419 Siward Ave #6 Orlando, FL 2
    • 4 beds 2 baths ∙ 1,873 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,873 Sqft ∙ Built 2001
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.95
    •  
  • 14841 Huntley Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,841 Sqft ∙ Built 2001
    property image
    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
    property image
    LEASED 08/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.93
    •  
PROPERTY LISTING DETAILS
Eileen Li
1.407.765.2589
Sunshine Florida Realty, Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5039511
Last Updated: 01/05/2021
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