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2501 Brampton Ct Orlando, FL 32817

3 Beds 3 Baths 1,338 sqft Built 1984

$245,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $183.11
  • 3 Days on Market
  • MLS # : O5921580
  • Updated Date : 02/05/2021 at 11:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,338 sqft
  • Baths : 3 full
Listing Agent

Charles Rutenberg Realty Orlando

Listing Agent's Description

Highest & best offers due by Monday at 8am. Time for acceptance is Tuesday Feb. 9th at 5pm. BRAND NEW ROOF TO BE INSTALLED! Charming home in a great neighborhood. This split plan 3 bedroom, 3 bath home sits on a spacious corner lot. The back patio looks out onto a fully fenced in backyard with a roomy storage shed. All new exterior paint in 2021! Conveniently located close to SR 417, SR 408 & East Colonial Drive and no HOA. OPEN HOUSE SATURDAY 2/6 12-3pm.

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: Arbor Ridge West

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $74k253k

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

Neighborhood: Arbor Ridge West

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6201712

* 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
Union Park Middle School Middle Regular 873 52 3
Winter Park High School High Magnet 3,069 164 7
Winter Park High 9th Grade Center High Unknown NA

Union Park Middle School

  • Education Level: Middle
  • # of students: 873
  • # of teachers: 52
3
GreatSchools Rating

Winter Park High School

  • Education Level: High
  • # of students: 3,069
  • # of teachers: 164
7
GreatSchools Rating

Winter Park High 9th Grade Center

  • Education Level: High
  • # of students:
  • # of teachers:
NA
GreatSchools Rating
 

$220,500$269,500$245,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$851
Property Tax -$279
Property Insurance -$116
Property Management Fees -$129
CASH FLOW
$15

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.

$245,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 12.3%
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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,675

INVESTMENT

$70,675

Down Payment
$61,250
Rehab Estimate
$5,750
Closing Costs
$3,675

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,250
Loan Amount $183,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$13,982

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,358

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,150
1$1,1502$1,1753$1,3904$1,4505$1,600
$1,600
RENT COMPS ANALYSIS
  • 2501 Brampton Ct Orlando, FL 3
    • 3 beds 3 baths ∙ 1,338 Sqft ∙ Built 1984 3 beds 3 baths ∙ 1,338 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.04
    •  
  • 2609 Newbolt Dr Orlando, FL 1
    • 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,220 Sqft ∙ Built 1993
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.94
    •  
  • 9533 Bandelier Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,193 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,193 Sqft ∙ Built 1988
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,175
    • $0.98
    •  
  • 2416 Olive Branch Way Orlando, FL 4
    • 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,334 Sqft ∙ Built 1996
    LEASED 08/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 2952 Delcrest Dr #3 Orlando, FL 5
    • 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,522 Sqft ∙ Built 1993
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.05
    •  
PROPERTY LISTING DETAILS
Heather Kolin
1.407.982.0305
Charles Rutenberg Realty Orlando
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921580
Last Updated: 02/05/2021
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