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1332 Valley Pine Cir Apopka, FL 32712

4 Beds 3 Baths 2,567 sqft Built 1994

$395,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
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

MARKET HIGHLIGHTS

  • 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

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k335k

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

Zip Code: 32712

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9301845

* 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
Rock Springs Elementary School Primary Regular 829 58 5
Apopka Middle School Middle Regular 1,104 60 3
Apopka High School High Magnet 3,158 144 5

Rock Springs Elementary School

  • Education Level: Primary
  • # of students: 829
  • # of teachers: 58
5
GreatSchools Rating

Apopka Middle School

  • Education Level: Middle
  • # of students: 1,104
  • # of teachers: 60
3
GreatSchools Rating

Apopka High School

  • Education Level: High
  • # of students: 3,158
  • # of teachers: 144
5
GreatSchools Rating
 

$355,500$434,500$395,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$8.0k-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$110,425

INVESTMENT

$110,425

Down Payment
$98,750
Rehab Estimate
$5,750
Closing Costs
$5,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,372

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $98,750
Loan Amount $296,250
See What Happens When You Reinvest Cash Flow

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
$1,870
1$1,8702$1,8953$1,9954$2,0295$2,095
$2,095
RENT COMPS ANALYSIS
  • 1332 Valley Pine Cir Apopka, FL 1
    • 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 1994 4 beds 3 baths ∙ 2,567 Sqft ∙ Built 1994
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.73
    •  
  • 1226 Reagans Reserve Blvd Apopka, FL 2
    • 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,484 Sqft ∙ Built 2002
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.76
    •  
  • 1209 Reagans Reserve Blvd Apopka, FL 3
    • 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2001
    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
    • $0.85
    •  
  • 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
Barry Steinhart
1.407.310.6880
Watson Realty Corp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5922718
Last Updated: 02/11/2021
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