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7120 Brookside Trl Winter Park, FL 32792

4 Beds 2 Baths 1,856 sqft Built 1976

$333,500

List Price

$1,860

$1.7K - $2K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1976
  • Price/Sqft : $179.69
  • 4 Days on Market
  • MLS # : O5901867
  • Updated Date : 11/07/2020 at 22:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,856 sqft
  • Baths : 2 full
Listing Agent

Metro City Realty

Listing Agent's Description

Buy this Winter Park 4 bed/ 2 bath POOL HOME located on a cul-de-sac in a quiet neighborhood that has been loved and well-maintained for 42 years- original owner. This split floor plan home offers a family room with skylight and views to kitchen, separate formal living & dining rooms with the master bedroom separated from the additional bedrooms. Master bedroom features ensuite bathroom with double vanity sinks, and a walk-in shower. Updated ceramic tile in the kitchen. Granite counters in the bathrooms with updated lighting. Ceiling fans and plantation shutters through-out. The fully fenced-in, private backyard is a Florida oasis! An oversized pool is surrounded by mature, and tropical landscaping, and there is plenty of room to enjoy the view from the screened-in porch with pavered flooring, as well as, green space. Roof (2016) NO HOA! 2-car garage with side entry. Centrally located, this home is near Full Sail University, Rollins College, the 417, beautiful Park Avenue and the Winter Park chain of lakes, and multiple shopping and dining locations.

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: Goldenrod

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $104k293k

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

Neighborhood: Goldenrod

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700180019002000Rent in $7962002

* 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
Eastbrook Elementary School Primary Regular 809 57 5
Tuskawilla Middle School Middle Regular 1,080 57 5
Lake Howell High School High Regular 2,229 117 6

Eastbrook Elementary School

  • Education Level: Primary
  • # of students: 809
  • # of teachers: 57
5
GreatSchools Rating

Tuskawilla Middle School

  • Education Level: Middle
  • # of students: 1,080
  • # of teachers: 57
5
GreatSchools Rating

Lake Howell High School

  • Education Level: High
  • # of students: 2,229
  • # of teachers: 117
6
GreatSchools Rating
 

$300,150$366,850$333,500

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,230
Property Tax -$333
Property Insurance -$147
Property Management Fees -$167
CASH FLOW
-$18

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.

$333,500

PROJECTED PRICE

$1,860

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 14.8%
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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,128

INVESTMENT

$94,128

Down Payment
$83,375
Rehab Estimate
$5,750
Closing Costs
$5,003

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,230

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,375
Loan Amount $250,125
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$15,290

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,949

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8453$1,8604$1,9255$2,100
$2,100
RENT COMPS ANALYSIS
  • 7120 Brookside Trl Winter Park, FL 3
    • 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1976
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $1.00
    •  
  • 1575 Lawndale Cir Winter Park, FL 1
    • 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1985 3 beds 3 baths ∙ 1,848 Sqft ∙ Built 1985
    property image
    LEASED 06/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.92
    •  
  • 7433 Houston Ct E Winter Park, FL 2
    • 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,716 Sqft ∙ Built 1971
    property image
    LEASED 05/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $1.08
    •  
  • 3417 Ferndell Dr Winter Park, FL 4
    • 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,800 Sqft ∙ Built 1966
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $1.07
    •  
  • 1913 Houndslake Dr Winter Park, FL 5
    • 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,862 Sqft ∙ Built 1979
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $1.13
    •  
PROPERTY LISTING DETAILS
Beatrice Miranda
1.407.237.3331
Metro City Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5901867
Last Updated: 11/07/2020
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