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PROPERTY INFO
FACTS
- Single Family
- Built In 1994
- Price/Sqft : $153.88
- 4 Days on Market
- MLS # : O5922718
- Updated Date : 02/11/2021 at 14:31
CONSTRUCTION
- Beds : 4
- Floor Size : 2,567 sqft
- Baths : 3 full
Listing Agent
Watson Realty Corp
Listing Agent's Description
This move-in ready 4 Bedroom-3 Bath sits on a quiet street in the sought-after gated community of Sweetwater West. This home has a great floor plan featuring a formal dining room and living room off the entryway. The bright, spacious kitchen is open to the family room. This 3-way split plan provides for loads of privacy. On one side of the home, you’ll find the large master suite that includes a walk-in closet, ensuite bathroom With Garden Tub, separate shower, and double vanity sinks. It also has access to the screened Lanai. In the left front, you’ll find 2 bedrooms that share a 2nd bathroom. The 4th bedroom is in the left back, and could be used for a home office or exercise room, and has access to the third bathroom. You’ll enjoy entertaining on the large screen enclosed lanai. Microwave and wall oven are being replaced with new stainless-steel appliances. Roof was replaced in 2019. Close to shopping, restaurants, major highways, and the beauty of Wekiva State Park.
SEE MORE
- 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)
- 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)
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 | $1,870 |
| EXPENSES | Loan Payment | -$1,372 |
| Property Tax | -$425 | |
| Property Insurance | -$190 | |
| HOA | -$92 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$338
|
||
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.
$395,000
PROJECTED PRICE
$1,870
PROJECTED RENT
0.47%
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
$110,425
LOAN DETAILS
$1,372
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $98,750 |
| Loan Amount | $296,250 |
1.17
YEARS SAVED
$1,860
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,870
LIST RENT -
$0.73
LIST RENT PER SQFT
-
$2,047
COMP ESTIMATED VALUE -
$0.8
COMP AVG. RENT PER SQFT
Comps Range
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1332 Valley Pine Cir Apopka, FL 1
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- Rent
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1226 Reagans Reserve Blvd Apopka, FL 2
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1209 Reagans Reserve Blvd Apopka, FL 3
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LEASED 03/09/20- Rent
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- $1,995
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-
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
- $0.85
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2227 Palm View Dr Apopka, FL 5
- 4 beds 2 baths ∙ 2,618 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,618 Sqft ∙ Built 1984
LEASED 09/13/19- Rent
- Rent Per SQFT
- $2,095
- $0.80
PROPERTY LISTING DETAILS
1.407.310.6880
Watson Realty Corp
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5922718
Last Updated: 02/11/2021
