Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

125 W Celeste St Apopka, FL 32703

4 Beds 2 Baths 1,104 sqft Built 1969

$185,000

List Price

$1,220

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1969
  • Price/Sqft : $167.57
  • 2 Days on Market
  • MLS # : O5954731
  • Updated Date : 07/12/2021 at 21:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,104 sqft
  • Baths : 1 full , 1 half
Listing Agent

Bhhs Florida Realty

Listing Agent's Description

Great opportunity! 4 bedroom, 1.5 bath home, 2021 whole house re-pipe of hot/cold water for kitchen and bathroom remodels, granite kitchen counter tops, vinyl plank flooring throughout, fan rated ceiling boxes and fans installed in family room and all bedrooms. New roof in 2018, partial new privacy fence. Utility room separate. Agent/Owner.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hillside Estates

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $42k265k

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

Neighborhood: Hillside Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q270080090010001100120013001400150016001700Rent in $6601707

* 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
Wheatley Elementary School Primary Regular 386 30 2
Piedmont Lakes Middle School Middle Regular 1,142 68 4
Wekiva High School High Regular 2,349 113 4

Wheatley Elementary School

  • Education Level: Primary
  • # of students: 386
  • # of teachers: 30
2
GreatSchools Rating

Piedmont Lakes Middle School

  • Education Level: Middle
  • # of students: 1,142
  • # of teachers: 68
4
GreatSchools Rating

Wekiva High School

  • Education Level: High
  • # of students: 2,349
  • # of teachers: 113
4
GreatSchools Rating
 

$166,500$203,500$185,000

PURCHASE PRICE

$1,098$1,342$1,220

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,220
EXPENSES Loan Payment -$643
Property Tax -$199
Property Insurance -$102
Property Management Fees -$129
CASH FLOW
$147

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.

$185,000

PROJECTED PRICE

$1,220

PROJECTED RENT

0.66%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$54,775

INVESTMENT

$54,775

Down Payment
$46,250
Rehab Estimate
$5,750
Closing Costs
$2,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$643

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $46,250
Loan Amount $138,750
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$22,898

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,220

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,236

    COMP ESTIMATED VALUE
  • $1.12

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2203$1,3004$1,3505$1,500
$1,500
RENT COMPS ANALYSIS
  • 125 W Celeste St Apopka, FL 2
    • 4 beds 2 baths ∙ 1,104 Sqft ∙ Built 1969 4 beds 2 baths ∙ 1,104 Sqft ∙ Built 1969
    • Rent
    • Rent Per SQFT
    •  
    • $1,220
    • $1.11
    •  
  • 1641 Lucy Terry Ave Apopka, FL 1
    • 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,025 Sqft ∙ Built 1970
    LEASED 05/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $1.17
    •  
  • 433 W 17th St Apopka, FL 3
    • 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,200 Sqft ∙ Built 1986
    LEASED 03/25/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,300
    • $1.08
    •  
  • 14 W Hammon Dr Apopka, FL 4
    • 4 beds 1 baths ∙ 1,172 Sqft ∙ Built 1970 4 beds 1 baths ∙ 1,172 Sqft ∙ Built 1970
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.15
    •  
  • 1791 Iroquois Dr Apopka, FL 5
    • 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1986
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.08
    •  
PROPERTY LISTING DETAILS
Laurel Kellett
1.407.758.1136
Bhhs Florida Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5954731
Last Updated: 07/12/2021
BESbswy