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1332 Holly Glen Run Apopka, FL 32703

4 Beds 3 Baths 2,375 sqft Built 1998

$347,000

List Price

$2,200

$2K - $2.4K

Rent Est.

PROPERTY INFO

December 25, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $146.11
  • 4 Days on Market
  • MLS # : O5913131
  • Updated Date : 12/25/2020 at 08:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,375 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Stunning 4 bedroom, 2 ½ bathroom, 2 car garage home located in the gated community of Cameron Grove. Open, two-story floorplan with brand new engineered hardwood flooring throughout the house. New Roof (2019), New Water Heater (2020), New A/C unit (2017), Updated Kitchen Cabinets, New Ceiling Fans, updated bathroom. This house is move-in ready. Walk into the foyer and you have formal living room and dining room with tray ceilings for that extra designer touch. The kitchen offers beautiful dark granite with updated cabinets, stainless steel appliances, pantry. The kitchen opens into the breakfast nook and the large family room with a wood burning fireplace. The master suite is located on the first floor with master bathroom that includes a walk-in closet, large garden tub with separate shower and dual vanities. Second floor has rest of the bedrooms with 4th bedroom / loft overlooking the family room and could be used as a bedroom, office, or playroom. Additional features include wi-fi thermostat, wi-fi garage door, wi-fi smart sprinkler system, alarm system (as-is), built in desk (bedroom 2), recessed lighting and inside utility room. The exterior of the home has lush green grass, screened patio with a tiki bar can be used as outside kitchen, privacy fence, whole house pest control system and irrigation system. Separate water meter for irrigation. Seminole County is known for their "A" rated schools. Comes with transferable home warranty that is valid until October 2022.

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: Cameron Grove

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400k420kPrice in $110k422k

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

Neighborhood: Cameron Grove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9302244

* 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
Bear Lake Elementary School Primary Regular 1,040 72 6
Teague Middle School Middle Regular 1,332 78 6
Lake Brantley High School High Regular 2,727 142 6

Bear Lake Elementary School

  • Education Level: Primary
  • # of students: 1,040
  • # of teachers: 72
6
GreatSchools Rating

Teague Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 78
6
GreatSchools Rating

Lake Brantley High School

  • Education Level: High
  • # of students: 2,727
  • # of teachers: 142
6
GreatSchools Rating
 

$312,300$381,700$347,000

PURCHASE PRICE

$1,980$2,420$2,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,200
EXPENSES Loan Payment -$1,280
Property Tax -$358
Property Insurance -$178
HOA -$50
Property Management Fees -$129
CASH FLOW
$205

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.

$347,000

PROJECTED PRICE

$2,200

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 8.9%
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$0.0$5.0k$10k$15k$20k

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$97,705

INVESTMENT

$97,705

Down Payment
$86,750
Rehab Estimate
$5,750
Closing Costs
$5,205

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,280

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $86,750
Loan Amount $260,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$46,870

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,200

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $2,209

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$1,9503$2,0954$2,2005$2,650
$2,650
RENT COMPS ANALYSIS
  • 1332 Holly Glen Run Apopka, FL 4
    • 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,375 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.93
    •  
  • 1400 Holly Glen Run Apopka, FL 1
    • 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,256 Sqft ∙ Built 1999
    LEASED 12/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.86
    •  
  • 1305 Holly Glen Run Apopka, FL 2
    • 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,136 Sqft ∙ Built 1998
    LEASED 04/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.91
    •  
  • 1312 Hampshire Place Cir Altamonte Springs, FL 3
    • 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,176 Sqft ∙ Built 1994
    LEASED 10/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.96
    •  
  • 1143 Brantley Estates Dr Altamonte Springs, FL 5
    • 5 beds 3 baths ∙ 2,682 Sqft ∙ Built 1996 5 beds 3 baths ∙ 2,682 Sqft ∙ Built 1996
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,650
    • $0.99
    •  
PROPERTY LISTING DETAILS
Ram Gangupanthulu
1.407.360.2232
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5913131
Last Updated: 12/25/2020
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