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3431 Bromfield Dr Ocoee, FL 34761

4 Beds 3 Baths 2,177 sqft Built 2005

INVESTimate

$325,000

List Price

$1,830

$1,647 - $2,013

Rent Est.

$342,648  ( +5.43%)   1 YR EST. FORECAST

PROPERTY INFO

August 20, 2020 RECENTLY ADDED
FACTS
  • Built In 2005
  • Price/Sqft : $149.29
  • 7 Days on Market
  • MLS # : O5885508
  • Updated Date : 08/21/2020 at 18:50
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,177 sqft
  • Baths : 3 full
Listing Agent

Keller Williams Classic

Listing Agent's Description

Welcome to the stunning community of Kensington Manor! Don't miss out on this move-in-ready 4/3 split plan, plus office/den, 2-car garage home and beautiful conservation views. As you walk inside beyond the spacious foyer area, you can't help but feel at home with the high ceilings, open floor plan, and formal dining area. The kitchen is equipped with stainless steel appliances, 42" cabinets, and a breakfast-nook that separates the kitchen from the family room. I can't forget to mention the enclosed patio and large deck, where you can indulge in your favorite book with some peace and quiet. The master bedroom features a large, open master bathroom with a garden tub, a walk-in closet and a separate, large shower stall. All new appliances, Light fixtures, Fence, Tile & Carpet installed in 2017. During those hot summer days, head on down to your community pool and clubhouse where you can relax and unwind. Custom aluminum fence added in order to maintain the captivating view yet define property rear perimeter. A must see --convenient to major roadways, yet private and tranquil setting! Agent Owner. This home will not last, so schedule your private visit today!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Kensington Manor

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $109k373k

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

Neighborhood: Kensington Manor

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9362113

* 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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,199
Property Tax -$411
Property Insurance -$166
HOA -$79
Property Management Fees -$165
CASH FLOW
-$190

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.

$325,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 5.43%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,838

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,535

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3503$1,6504$1,6755$1,830
$1,830
RENT COMPS ANALYSIS
  • 3431 Bromfield Dr Ocoee, 5
    • 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,177 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.84
    •  
  • 2514 Laurel Blossom Cir Ocoee, 1
    • 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,047 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.66
    •  
  • 1778 Palmerston Cir Ocoee, 2
    • 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,042 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.66
    •  
  • 7637 Rex Hill Trl Orlando, 3
    • 4 beds 3 baths ∙ 2,285 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,285 Sqft ∙ Built 2005
    LEASED 03/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 3291 Fawnwood Dr Ocoee, 4
    • 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2005
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.78
    •  
PROPERTY LISTING DETAILS
Haydee Reis
1.305.608.6825
Keller Williams Classic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5885508
Last Updated: 08/21/2020
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