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4242 Brookmyra Dr Orlando, FL 32837

4 Beds 3 Baths 2,205 sqft Built 1996

$449,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1996
  • Price/Sqft : $203.63
  • 10 Days on Market
  • MLS # : S5044800
  • Updated Date : 01/15/2021 at 08:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,205 sqft
  • Baths : 3 full
Listing Agent

Bhhs Results Realty

Listing Agent's Description

Hunter's Creek lakefront home tastefully updated with designer touches throughout. Gorgeous view of Lake Barclay in back and Shingle Creek Waterway in front. Located in the highly sought-after and established Hunter's Creek community and zoned for Hunter's Creek Elementary, Hunter's Creek Middle, and Freedom High. This 4 bedroom/3 bathroom home sits on an oversized lot with a large circular driveway and a nearly 600 sq. ft. screen-enclosed lanai on the expansive back patio, providing plenty of space for outdoor living and entertaining. Office with french doors allows for a private area to work from home. Seconds away from Osprey Park with baseball fields, basketball courts, recreation center, playground, wallking trails, and open green space. Too many upgrades and updates to list! Engineered hardwood flooring and porcelain tile, new interior paint throughout, granite kitchen and marble bathroom counters, stainless-steel appliances, whole-house RainSoft water softener/filtration system. Roof only 2 years old. Lake activites inlcude catch and release fishing, non-motorized boating, and has a boat stand to hold your canoe/kayak. Do not miss this fantastic opportunity for a completely updated home in Hunter's Creek

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: Hunters Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k353k

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

Neighborhood: Hunters Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10282269

* 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
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,560
Property Tax -$502
Property Insurance -$168
HOA -$99
Property Management Fees -$129
CASH FLOW
-$368

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.

$449,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.47%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.8%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

1.25

YEARS SAVED

$2,493

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $2,056

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,925
1$1,9252$2,0003$2,0004$2,0905$2,195
$2,195
RENT COMPS ANALYSIS
  • 4242 Brookmyra Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,205 Sqft ∙ Built 1996
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.95
    •  
  • 4927 Terra Vista Way Orlando, FL 1
    • 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,025 Sqft ∙ Built 2002
    LEASED 03/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.95
    •  
  • 4650 Raintree Ridge Rd Orlando, FL 2
    • 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,180 Sqft ∙ Built 1999
    LEASED 05/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.92
    •  
  • 3201 Falcon Point Dr Kissimmee, FL 3
    • 3 beds 3 baths ∙ 2,143 Sqft ∙ Built 2000 3 beds 3 baths ∙ 2,143 Sqft ∙ Built 2000
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.93
    •  
  • 3831 Ocita Dr Orlando, FL 5
    • 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,368 Sqft ∙ Built 1990
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $0.93
    •  
PROPERTY LISTING DETAILS
Bethany Allred
1.407.731.2463
Bhhs Results Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5044800
Last Updated: 01/15/2021
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