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4715 Brenda Dr Orlando, FL 32812

3 Beds 2 Baths 1,738 sqft Built 1972

$349,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $200.81
  • 3 Days on Market
  • MLS # : O5928116
  • Updated Date : 03/06/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,738 sqft
  • Baths : 2 full
Listing Agent

All Real Estate & Investments

Listing Agent's Description

WELCOME HOME to this adorable 3 bedroom, 2 bath home in sought after Dover Estates! When you enter the home, you're greeted by a nice sized foyer which gives access to the large living and dining room as well as an option to go towards the family room and bedrooms. This floor plan has a wonderful sized master en-suite with walk-in closet and updated dual vanities. Tastefully painted in neutral colors throughout, low maintenance ceramic tile in living spaces, French doors opening to the HUGE patio and an abundance in windows make this home feel light, bright and beautiful. Over the years, this home has been meticulously maintained and updated including fresh exterior paint (2017), new HVAC (2017) and new roof installed (2019). The entertaining potential, both inside and out, is endless. Enjoy the wonderful Florida weather alongside friends and family outside under the large enclosed patio or plant a garden in the spacious yard. With such a large space there is room for all sorts of activities and recreation! This home is close to local schools, major roadways, Hourglass District, as well as Downtown Orlando! Make your appointment today!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Dover Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k289k

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

Neighborhood: Dover Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210501100115012001250130013501400145015001550160016501700Rent in $10261712

* 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
Dover Shores Elementary School Primary Regular 611 42 5
Stonewall Jackson Middle School Middle Magnet 1,292 70 2
Boone High School High Magnet 2,763 141 7

Dover Shores Elementary School

  • Education Level: Primary
  • # of students: 611
  • # of teachers: 42
5
GreatSchools Rating

Stonewall Jackson Middle School

  • Education Level: Middle
  • # of students: 1,292
  • # of teachers: 70
2
GreatSchools Rating

Boone High School

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

$314,100$383,900$349,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$1,212
Property Tax -$434
Property Insurance -$140
HOA -$2
Property Management Fees -$129
CASH FLOW
-$237

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.

$349,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.4%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$98,235

INVESTMENT

$98,235

Down Payment
$87,250
Rehab Estimate
$5,750
Closing Costs
$5,235

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,212

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,250
Loan Amount $261,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$3,780

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,816

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,588
1$1,5882$1,6803$1,6994$1,7495$1,875
$1,875
RENT COMPS ANALYSIS
  • 4715 Brenda Dr Orlando, FL 2
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.97
    •  
  • 5021 Natalie St Orlando, FL 1
    • 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,679 Sqft ∙ Built 1978
    property image
    LEASED 06/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,588
    • $0.95
    •  
  • 4629 Arcie St Orlando, FL 3
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 1959
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.04
    •  
  • 5146 Mystic Point Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,609 Sqft ∙ Built 1990
    property image
    LEASED 01/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $1.09
    •  
  • 2633 Waymeyer Dr Orlando, FL 5
    • 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,709 Sqft ∙ Built 1987
    property image
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $1.10
    •  
PROPERTY LISTING DETAILS
Amy Miller
1.407.917.8206
All Real Estate & Investments
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5928116
Last Updated: 03/06/2021
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