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760 Brookside Rd 
Maitland, FL
32751
3 Beds 2 Baths 2,019 sqft
Built 1976
INVESTimate
$339,000
List Price
$95,585
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PROPERTY INFO
FACTS
- Built In 1976
- Price/Sqft : $167.90
- 2 Days on Market
- MLS # : O5887718
- Updated Date : 08/26/2020 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,019 sqft
- Baths : 2 full
Listing Agent
Charles Rutenberg Realty Orlando
Listing Agent's Description
Prime Location in Forest Brook! Updated home with many great features. Nice open floorplan with kitchen and breakfast bar/island with custom cabinets, granite, and stainless steel appliances overlooking the living room and separate dining room. Master bedroom has a walk-in closet, dresser nook; ensuite bath with shower and dual sinks. Both bathrooms have new light fixtures with granite with under-mount sinks, and framed mirrors. Lots of space in this home with a living room, family room, and fantastic bonus room space (new carpet 2020) for even more relaxed living. Sip your morning coffee on your tranquil front or back patio! Home is located in desirable Winter Park/Maitland area!
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Forest Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Forest Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,110 |
| EXPENSES | Loan Payment | -$1,251 |
| Property Tax | -$342 | |
| Property Insurance | -$157 | |
| HOA | -$6 | |
| Property Management Fees | -$190 | |
|
CASH FLOW
$164
|
||
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.
$339,000
PROJECTED PRICE
$2,110
PROJECTED RENT
0.62%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 3.76% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$95,585
LOAN DETAILS
$1,251
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $84,750 |
| Loan Amount | $254,250 |
6.67
YEARS SAVED
$32,886
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,110
LIST RENT -
$1.05
LIST RENT PER SQFT
-
$2,448
COMP ESTIMATED VALUE -
$1.21
COMP AVG. RENT PER SQFT
Comps Range
-
760 Brookside Rd Maitland, 2
- 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1976 3 beds 2 baths ∙ 2,019 Sqft ∙ Built 1976
- Rent
- Rent Per SQFT
- $2,110
- $1.05
-
719 Kewannee Trl Maitland, 1
- 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1965 4 beds 2 baths ∙ 1,934 Sqft ∙ Built 1965
LEASED 11/15/19- Rent
- Rent Per SQFT
- $1,945
- $1.01
-
1015 Thunder Trl Maitland, 3
- 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,990 Sqft ∙ Built 1966
LEASED 06/01/20- Rent
- Rent Per SQFT
- $2,500
- $1.26
-
815 Thunder Trl Maitland, 4
- 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1964 3 beds 2 baths ∙ 1,936 Sqft ∙ Built 1964
LEASED 02/21/20- Rent
- Rent Per SQFT
- $2,588
- $1.34
-
2602 Chinook Trl Maitland, 5
- 3 beds 3 baths ∙ 2,092 Sqft ∙ Built 1965 3 beds 3 baths ∙ 2,092 Sqft ∙ Built 1965
LEASED 11/28/19- Rent
- Rent Per SQFT
- $2,600
- $1.24
PROPERTY LISTING DETAILS
1.407.448.6310
Charles Rutenberg Realty Orlando
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5887718
Last Updated: 08/26/2020
