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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $153.19
- 2 Days on Market
- MLS # : O5915777
- Updated Date : 01/10/2021 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 2,350 sqft
- Baths : 2 full
Listing Agent
Steve Wheeler Elite Realty Inc
Listing Agent's Description
** Original owner ** Well maintained ** Beautiful 1/2 acre lot ** side entry garage ** 2350 sq ft 4 bdrm 2 bath split plan with high ceilings ** 3,172 sq ft under roof ** UPDATES INCLUDE: Trane 18.5 seer super hi efficiency a/c (2/26/19), Repiped (8/27/14), top quality cabinets, granite counters, paint, and more. Private lot with no rear neighbors. Large tiled screened porch under permanent roof. Wood burning fireplace in family room. Alarm system. Formal living and dining rooms. Quality block and stucco construction. Complete lawn irrigation system. Shed in back yard conveys as is. Active termite bond with Massey. Seller has current professional lawn maintenance, lawn care, and pest control. Refrigerator in laundry room conveys. Great location close to Wekiva State Park, Kelly Park, and road access. This is truly an executive private neighborhood with large oaks, 1/2+ acre lots, and enclosed in a beautiful perimeter wall/entrances.
SEE MORE
- 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
Zip Code: 32712
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 32712
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,960 |
| EXPENSES | Loan Payment | -$1,250 |
| Property Tax | -$388 | |
| Property Insurance | -$177 | |
| HOA | -$35 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$19
|
||
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.
$360,000
PROJECTED PRICE
$1,960
PROJECTED RENT
0.54%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$101,150
LOAN DETAILS
$1,250
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $90,000 |
| Loan Amount | $270,000 |
4.58
YEARS SAVED
$16,658
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 -
$0.83
LIST RENT PER SQFT
-
$2,015
COMP ESTIMATED VALUE -
$0.86
COMP AVG. RENT PER SQFT
Comps Range
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1190 Deer Lake Cir Apopka, FL 2
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903 Laurel Leaf Ct Apopka, FL 1
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1209 Reagans Reserve Blvd Apopka, FL 3
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LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,995
- $0.78
-
1688 Sweetwater West Cir Apopka, FL 4
- 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,384 Sqft ∙ Built 1996
LEASED 03/15/20- Rent
- Rent Per SQFT
- $2,029
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1408 Deer Lake Cir Apopka, FL 5
- 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 1989 3 beds 3 baths ∙ 2,282 Sqft ∙ Built 1989
LEASED 12/23/20- Rent
- Rent Per SQFT
- $2,300
- $1.01
PROPERTY LISTING DETAILS
1.407.222.7169
Steve Wheeler Elite Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5915777
Last Updated: 01/10/2021
