Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

4684 Costa Bravo Dr Orlando, FL 32839

3 Beds 2 Baths 1,644 sqft Built 1971

$350,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $212.90
  • 3 Days on Market
  • MLS # : O5907599
  • Updated Date : 12/12/2020 at 11:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,644 sqft
  • Baths : 2 full
Listing Agent

Mainframe Real Estate

Listing Agent's Description

GORGEOUS FULLY RENOVATED & MOVE-IN READY POOL HOME! Get ready to fall in love and pack your bags. This meticulously maintained residence is ready for its lucky new family to move right in! Situated on a huge CORNER LOT with mature landscaping, this beauty offers generous natural lighting and an open airy floor-plan with plenty of entertainment space for you and your family to enjoy. Enter the foyer and make your way into the family room and kitchen areas featuring new wood flooring throughout, a gorgeous updated kitchen and dining room combo. The Kitchen is perfectly positioned so you can keep an eye out on the little ones out by the pool or in the family room and still entertain guests while preparing meals. Featuring a farm sink, large oversized island with cooktop and range, bar seating, loads of cabinet space, and a newly installed coffee bar. The dining area offers sliders to your backyard oasis where you will enjoy year-round BBQ's, pool parties and a spacious fenced yard for the littles ones and fur family to expend all of their energy. In 2018, Brand New WHOLE HOUSE SOLAR PANELS were installed along with Blown in insulation in the attic to greatly reduce those monthly electric bills. The master suite offers an en-suite bathroom as well as sliders to the screened lanai so you can conveniently enjoy a late-night swim or your morning cup of Joe by the pool. Don’t miss your your chance to own this gorgeous home conveniently located just minutes from major highways & downtown Orlando. Additional features & updates included: Roof (2017) Plumbing (2015) Water Heater (2018) Pool Pump (2018) Solar Panels (2018) Sprinklers (2019) New Electric Panel (2015)

SEE MORE

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: Granada Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $101k286k

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

Neighborhood: Granada Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q211001200130014001500160017001800Rent in $10281846

* 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,291
Property Tax -$398
Property Insurance -$134
HOA -$2
Property Management Fees -$129
CASH FLOW
-$265

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.

$350,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 6.6%
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-$6.0k-$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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,488

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,517

    COMP ESTIMATED VALUE
  • $0.92

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,1503$1,3954$1,4005$1,690
$1,690
RENT COMPS ANALYSIS
  • 4684 Costa Bravo Dr Orlando, FL 5
    • 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,644 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.03
    •  
  • 4615 Mars Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,413 Sqft ∙ Built 1962
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $0.78
    •  
  • 4336 Ilene Ct Orlando, FL 2
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1981
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.77
    •  
  • 5626 Sandalwood Dr Orlando, FL 3
    • 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 1955 3 beds 2 baths ∙ 1,319 Sqft ∙ Built 1955
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.06
    •  
  • 3710 Laguna St Orlando, FL 4
    • 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,300 Sqft ∙ Built 1958
    LEASED 05/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.08
    •  
PROPERTY LISTING DETAILS
Lisa Morgan
1.407.738.9784
Mainframe Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907599
Last Updated: 12/12/2020
BESbswy