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9347 Brinbury St Orlando, FL 32836

3 Beds 3 Baths 2,125 sqft Built 2009

$379,900

List Price

$2,060

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 2009
  • Price/Sqft : $178.78
  • 6 Days on Market
  • MLS # : O5902509
  • Updated Date : 11/06/2020 at 14:15
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,125 sqft
  • Baths : 3 full
Listing Agent

Century 21 Carioti

Listing Agent's Description

CURTAIN RISING!! An ENCHANTING 3 Bedroom 3 Bathroom house nestled in the highly sought after community of THORNHILL is ready for YOU to call it HOME! This home features a foyer entry, an open concept split floorplan with 10' ceilings, a guest bedroom with a private bathroom, ceramic tile throughout the kitchen & wet areas, tray ceilings, and many upgrades GALORE! The kitchen is a CHEF'S delight boasting 42” cabinets with crown molding & underlighting, GRANITE counters, an ISLAND with a breakfast bar, a closet pantry, and STAINLESS STEEL appliances. The kitchen also opens up to the family room and screen-in patio with an OVERSIZED, FULLY FENCED yard... just perfect for entertaining! This is one of the largest lots in the community! The Master Bedroom SUITE features a tray ceiling with a ceiling fan, double doors that open to the bathroom with upgraded cabinetry, dual sinks, a large shower, garden tub, upgraded tile, and a LARGE walk-in closet. The home is also built by ASHTON WOODS with many energy efficient features such as double pane LoE windows and offers reclaimed water for irrigation. THORNHILL is minutes away from DISNEY WORLD and the theme parks, Downtown Disney, dining, shopping, restaurants, major highways, and so much more! Do not let this JEWEL slip through your fingers! *A VIRTUAL TOUR* showing is also available so you can view it from the comfort of your sofa! Call TODAY for more information! Virtual Showing: http://9347brinbury.site/Showing-MLS

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: Thornhill

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500k550k600kPrice in $105k602k

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

Neighborhood: Thornhill

NeighborhoodNIR Market*CityMarket2010Year20002019 Q212001400160018002000220024002600Rent in $10292751

* 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
 

$341,910$417,890$379,900

PURCHASE PRICE

$1,854$2,266$2,060

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,060
EXPENSES Loan Payment -$1,402
Property Tax -$426
Property Insurance -$163
HOA -$167
Property Management Fees -$185
CASH FLOW
-$283

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.

$379,900

PROJECTED PRICE

$2,060

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 2.8%
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

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$106,424

INVESTMENT

$106,424

Down Payment
$94,975
Rehab Estimate
$5,750
Closing Costs
$5,699

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,402

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,975
Loan Amount $284,925
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,481

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,060

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $2,088

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,0604$2,2505$2,300
$2,300
RENT COMPS ANALYSIS
  • 9347 Brinbury St Orlando, FL 3
    • 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2009 3 beds 3 baths ∙ 2,125 Sqft ∙ Built 2009
    • Rent
    • Rent Per SQFT
    •  
    • $2,060
    • $0.97
    •  
  • 10710 Reams Rd Windermere, FL 1
    • 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 2014
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 11598 Acosta Ave Orlando, FL 2
    • 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2013 4 beds 2 baths ∙ 2,136 Sqft ∙ Built 2013
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.94
    •  
  • 11536 Brightstowe Way Orlando, FL 4
    • 3 beds 3 baths ∙ 2,230 Sqft ∙ Built 2010 3 beds 3 baths ∙ 2,230 Sqft ∙ Built 2010
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $1.01
    •  
  • 11543 Wakeworth St Orlando, FL 5
    • 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,230 Sqft ∙ Built 2010
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
PROPERTY LISTING DETAILS
Nicole Van Treese
1.407.462.9050
Century 21 Carioti
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5902509
Last Updated: 11/06/2020
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