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7616 Brofield Ave Windermere, FL 34786

3 Beds 2 Baths 1,709 sqft Built 2010

$349,900

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $204.74
  • 3 Days on Market
  • MLS # : O5918172
  • Updated Date : 01/22/2021 at 15:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,709 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

One or more photo(s) has been virtually staged. Sunsets and Fireworks! Watch the sun go down through wooded conservation from your back patio, and then witness the magic of Disney fireworks over the water from your pond-facing front rocker porch. It's Florida living at its finest! Inside, this 3 bedroom, 2 bath luxury home has an attractive floor plan that flows beautifully. The bedrooms are organized in a split-plan arrangement, the gathering areas are open and accessible, and the interior laundry room w/ utility sink sits adjacent to the 2-car garage for convenience. Full of upgrades, this property strives to make life easy. The interior has been freshly painted, brand new vinyl wood plank flooring has been installed (tile in wet areas), and durable granite counter tops add style and design throughout. *A full list of upgrades/updates is available upon request. 3-panel sliding glass doors open up the interior to a screen-enclosed back porch with 15' X 15' extended paver patio overlooking stunning conservation. And the covered front rocker porch faces a tree-lined pond w/ walking trail, ensuring no direct neighbors in front or back. Pure nature meets luxury and convenience, and of course amazing fireworks. Come meet your new home, 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: Lake Sawyer South

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $110k508k

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

Neighborhood: Lake Sawyer South

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21200140016001800200022002400260028003000Rent in $10293062

* 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
 

$314,910$384,890$349,900

PURCHASE PRICE

$1,764$2,156$1,960

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,960
EXPENSES Loan Payment -$1,215
Property Tax -$410
Property Insurance -$138
HOA -$42
Property Management Fees -$129
CASH FLOW
$26

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.

$349,900

PROJECTED PRICE

$1,960

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 4.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,474

INVESTMENT

$98,474

Down Payment
$87,475
Rehab Estimate
$5,750
Closing Costs
$5,249

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,215

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $87,475
Loan Amount $262,425
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$22,329

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,960

    LIST RENT
  • $1.15

    LIST RENT PER SQFT
  • $1,957

    COMP ESTIMATED VALUE
  • $1.15

    COMP AVG. RENT PER SQFT
Comps Range
$1,799
1$1,7992$1,9603$2,0004$2,0005$2,050
$2,050
RENT COMPS ANALYSIS
  • 7616 Brofield Ave Windermere, FL 2
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2010 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $1.15
    •  
  • 8424 Greenbank Blvd Windermere, FL 1
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 2005
    LEASED 04/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $1.06
    •  
  • 7612 Fairgrove Ave Windermere, FL 3
    • 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,742 Sqft ∙ Built 2016
    LEASED 01/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.15
    •  
  • 7924 Brofield Ave Windermere, FL 4
    • 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2011 3 beds 2 baths ∙ 1,709 Sqft ∙ Built 2011
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.17
    •  
  • 7513 Tattant Blvd Windermere, FL 5
    • 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,706 Sqft ∙ Built 2009
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,050
    • $1.20
    •  
PROPERTY LISTING DETAILS
Juan Castro
1.407.808.5353
Redfin Corporation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918172
Last Updated: 01/22/2021
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