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1027 Galway Blvd Apopka, FL 32703

4 Beds 2 Baths 2,579 sqft Built 2014

$350,000

List Price

$1,960

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 24, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $135.71
  • 4 Days on Market
  • MLS # : O5913292
  • Updated Date : 12/25/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,579 sqft
  • Baths : 2 full
Listing Agent

Keller Williams At The Parks

Listing Agent's Description

Large 4 bedroom, 3 bath home with a den located in desirable Breckenridge, a gated community in Apopka. Off your foyer you have a den with a full bath and formal living and dining room. Large kitchen overlooking family room with granite counter tops and stainless steel appliances. Screen lanai overlooking greenbelt for privacy, no rear neighbors! Large master bedroom and bath with dual sinks and separate tub and shower. Split plan with three nicely sized bedrooms and computer nook. Paved driveway leading to a 2 car garage. Great proximity to S.R. 429 , 451 and other major highways.

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: Breckenridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k406k

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

Neighborhood: Breckenridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9302147

* 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
 

$315,000$385,000$350,000

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 -$1,291
Property Tax -$377
Property Insurance -$190
HOA -$100
Property Management Fees -$129
CASH FLOW
-$128

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.

$350,000

PROJECTED PRICE

$1,960

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.9%
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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

3.25

YEARS SAVED

$11,009

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
  • $0.76

    LIST RENT PER SQFT
  • $1,973

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9603$1,9954$2,0005$2,100
$2,100
RENT COMPS ANALYSIS
  • 1027 Galway Blvd Apopka, FL 2
    • 4 beds 2 baths ∙ 2,579 Sqft ∙ Built 2014 4 beds 2 baths ∙ 2,579 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,960
    • $0.76
    •  
  • 536 Hiawatha Palm Pl Apopka, FL 1
    • 3 beds 2 baths ∙ 2,374 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,374 Sqft ∙ Built 2004
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.74
    •  
  • 966 Seburn Rd Apopka, FL 3
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2009
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 553 Hiawatha Palm Pl Apopka, FL 4
    • 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 2004
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
  • 932 Grand Hilltop Dr Apopka, FL 5
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2018
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
PROPERTY LISTING DETAILS
Lisa Hill
1.407.924.9393
Keller Williams At The Parks
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913292
Last Updated: 12/25/2020
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