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3801 Brandy St Orlando, FL 32812

3 Beds 3 Baths 1,448 sqft Built 1990

$310,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $214.09
  • 4 Days on Market
  • MLS # : O5910814
  • Updated Date : 12/12/2020 at 14:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,448 sqft
  • Baths : 2 full , 1 half
Listing Agent

Charles Rutenberg Realty Orlando

Listing Agent's Description

PROFESSIONAL PHOTOS COMING SOON!!! CONWAY HOME! $9,000 BELOW next door neighbor who just sold! BRAND NEW ROOF 2019 and home has been replumbed. 2018 installed gorgeous NUCORE wood plank vinyl flooring through entire first floor. Unbelievable Conway price of $310,000. Well appointed 3 bedroom home with 2 1/2 baths. You will feel right at home as soon as you walk in. Spacious cathedral ceilings. Pristine white estate shutters on living level. EXTRA LARGE dream kitchen pantry for storage! Stainless steel appliances. Fully fenced expansive backyard for enjoyment & privacy with new sod fill in before closing. Community pool and tennis courts for a country club lifestyle all right here! No more costly HOA fees. SO affordable at only $55/month. Wedgewood Groves is meticulously maintained and convenient to EVERYTHING in Orlando. Minutes from all the shopping you need. Just 7 miles to Orlando International Airport and all the new Lee Vista shopping and restaurants. All while being in the highly coveted Boone High School district.

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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: Wedgewood Groves

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $69k283k

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

Neighborhood: Wedgewood Groves

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951712

* 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
Boone High School High Magnet 2,763 141 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

Boone High School

  • Education Level: High
  • # of students: 2,763
  • # of teachers: 141
7
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,144
Property Tax -$385
Property Insurance -$123
HOA -$55
Property Management Fees -$129
CASH FLOW
-$165

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.

$310,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 9.6%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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-$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$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,144

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$6,497

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,680

    COMP ESTIMATED VALUE
  • $1.16

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,6703$1,6954$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 3801 Brandy St Orlando, FL 2
    • 3 beds 3 baths ∙ 1,448 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,448 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.15
    •  
  • 1621 Jessamine Ave Orlando, FL 1
    • 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,248 Sqft ∙ Built 2006
    property image
    LEASED 01/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.20
    •  
  • 1594 Jessamine Ave Orlando, FL 3
    • 4 beds 2 baths ∙ 1,430 Sqft ∙ Built 1989 4 beds 2 baths ∙ 1,430 Sqft ∙ Built 1989
    property image
    LEASED 03/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.19
    •  
  • 3843 Brandy St Orlando, FL 4
    • 3 beds 3 baths ∙ 1,477 Sqft ∙ Built 1990 3 beds 3 baths ∙ 1,477 Sqft ∙ Built 1990
    property image
    LEASED 09/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.15
    •  
  • 1854 Osman Ave Orlando, FL 5
    • 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,640 Sqft ∙ Built 1996
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.10
    •  
PROPERTY LISTING DETAILS
Stacey Smith
1.407.848.4455
Charles Rutenberg Realty Orlando
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5910814
Last Updated: 12/12/2020
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