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6718 Brittany Chase Ct Orlando, FL 32810

3 Beds 3 Baths 1,453 sqft Built 1991

$230,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 30, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $158.29
  • 2 Days on Market
  • MLS # : O5920335
  • Updated Date : 01/30/2021 at 08:48
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,453 sqft
  • Baths : 2 full , 1 half
Listing Agent

Joshua Unlimited Inc

Listing Agent's Description

This Charming renovated home is located on a quiet tree lined street. Immaculately kept and boasts: NEWER CARPET AND CERAMIC TILE flooring throughout, PAINTED INTERIOR & EXTERIOR in 2015, NEW HOT WATER HEATER 2015. The open kitchen includes wood cabinets and all APPLIANCES 2015 which includes - range, built in microwave & refrigerator. NEW KITCHEN COUNTERS & NEW KITCHEN SINK 2015. Entertain on your large screened back lanai located within a NEWER PRIVATE VINYL FENCED 2019 back yard. The master bedroom is located downstairs and includes his and her closets. Other updates include: SOLAR PANELS INSTALLED 2020, NEW ROOF in 9/2014, NEW LIGHT FIXTURES 2015, NEW CEILING FANS 2015, NEW FRONT DOOR 2015, NEW GARAGE DOOR AND REMOTE 2015. Prime location makes this home conveniently located near major thoroughfares, shopping, restaurants, parks & entertainment venues. Easy access to College Park, Winter Park and Downtown Orlando all via Edgewater Drive and I-4. Make this traditional Florida home yours today!

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: Victoria Chase

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $68k253k

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

Neighborhood: Victoria Chase

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9581712

* 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
Riverside Elementary School Primary Regular 637 44 2
Lockhart Middle School Middle Regular 814 44 3
Wekiva High School High Regular 2,349 113 4

Riverside Elementary School

  • Education Level: Primary
  • # of students: 637
  • # of teachers: 44
2
GreatSchools Rating

Lockhart Middle School

  • Education Level: Middle
  • # of students: 814
  • # of teachers: 44
3
GreatSchools Rating

Wekiva High School

  • Education Level: High
  • # of students: 2,349
  • # of teachers: 113
4
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$799
Property Tax -$262
Property Insurance -$123
HOA -$13
Property Management Fees -$129
CASH FLOW
$75

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.

$230,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 10.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$799

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

6.58

YEARS SAVED

$17,908

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.96

    LIST RENT PER SQFT
  • $1,409

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,300
1$1,3002$1,3503$1,4004$1,5005$1,550
$1,550
RENT COMPS ANALYSIS
  • 6718 Brittany Chase Ct Orlando, FL 3
    • 3 beds 3 baths ∙ 1,453 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,453 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.96
    •  
  • 6818 Massa Ct #2 Orlando, FL 1
    • 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,340 Sqft ∙ Built 1981
    property image
    LEASED 03/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $0.97
    •  
  • 3645 Falling Leaf Ln Orlando, FL 2
    • 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,392 Sqft ∙ Built 1984
    property image
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.97
    •  
  • 4860 Old Oak Tree Ct Orlando, FL 4
    • 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,565 Sqft ∙ Built 1989
    property image
    LEASED 11/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.96
    •  
  • 6829 Alpert Dr #1 Orlando, FL 5
    • 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,577 Sqft ∙ Built 1980
    property image
    LEASED 10/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.98
    •  
PROPERTY LISTING DETAILS
Dan Gentry
1.321.277.2629
Joshua Unlimited Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5920335
Last Updated: 01/30/2021
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