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

1265 Lexington Pkwy Apopka, FL 32712

4 Beds 3 Baths 2,995 sqft Built 2004

$419,900

List Price

$2,240

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $140.20
  • 111 Days on Market
  • MLS # : O5903236
  • Updated Date : 02/19/2021 at 11:20
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,995 sqft
  • Baths : 3 full
Listing Agent

Realsource Property Mangnt Llc

Listing Agent's Description

Stunning custom-built home nestled in Muirfield Estates, a hidden gem in Errol Estates. Upon entering this stately, home, you will enter a large foyer leading to a grand formal living room and dining room, featuring custom double tray ceilings. The home also features a large, oversized kitchen boasting beautiful granite counter tops, custom cabinetry, tile backsplash and a walk-in pantry with multiple shelving and new appliances. Just off the kitchen, is a large, open eat in kitchen and family room featuring a built-in fireplace for cozy evenings. The eat in kitchen opens to an expansive newly finished screened in lanai overlooking the backyard. The oversized master suite features double door entry, his and hers walk in closets and space saving pocket door leading into a spa-like bathroom including a jacuzzi garden tub. All other bedrooms are oversized and features large closets for storage. The 3rd and 4th bedrooms feature a jack and jill bathroom perfect for family members to enjoy. This home features an abundance of space including washer, dryer, utility sink and shelving for storage. The laundry room opens into a three-car garage which leads out to a beautiful custom brick paved driveway. Other features of this home include a newly installed AC unit, sprinkler system and water softener for the homeowner’s comforts. Conveniently located less than 2 miles from SR-429 for commuting convenience, 30 minutes from Disney Theme Parks, Sea World, Aquatica, Universal Studios, The Orlando Eye (International Drive) and other attractions. Downtown Orlando and the Orlando International Airport are also 30 minutes away.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Errol Estates Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $110k331k

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

Neighborhood: Errol Estates Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9302089

* 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
 

$377,910$461,890$419,900

PURCHASE PRICE

$2,016$2,464$2,240

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,240
EXPENSES Loan Payment -$1,458
Property Tax -$452
Property Insurance -$215
HOA -$56
Property Management Fees -$129
CASH FLOW
-$71

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.

$419,900

PROJECTED PRICE

$2,240

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.7%
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$1.2M$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$117,024

INVESTMENT

$117,024

Down Payment
$104,975
Rehab Estimate
$5,750
Closing Costs
$6,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,458

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $104,975
Loan Amount $314,925
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$18,090

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,240

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,239

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,1503$2,1504$2,2405$2,250
$2,250
RENT COMPS ANALYSIS
  • 1265 Lexington Pkwy Apopka, FL 4
    • 4 beds 3 baths ∙ 2,995 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,995 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,240
    • $0.75
    •  
  • 1263 Wyndham Pine Dr Apopka, FL 1
    • 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,902 Sqft ∙ Built 1993
    LEASED 02/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.72
    •  
  • 1789 Madison Ivy Cir Apopka, FL 2
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2006
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.77
    •  
  • 1264 Falconcrest Blvd Apopka, FL 3
    • 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 1996 4 beds 3 baths ∙ 2,850 Sqft ∙ Built 1996
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.75
    •  
  • 659 Sanctuary Golf Pl Apopka, FL 5
    • 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2010 4 beds 3 baths ∙ 3,014 Sqft ∙ Built 2010
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,250
    • $0.75
    •  
PROPERTY LISTING DETAILS
Joe Hawash
1.407.340.7472
Realsource Property Mangnt Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5903236
Last Updated: 02/19/2021
BESbswy