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1411 Paula Dr Apopka, FL 32703

3 Beds 2 Baths 1,728 sqft Built 1974

$279,900

List Price

$1,660

$1.5K - $1.8K

Rent Est.

$79,924

Investment Est.

AVAILABLE

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AVAILABLE

1 Year
(+8.9%)
1 YR. PROJ. APPRECIATION


Cap Rate	3.7%
Cash Flow	$684
Value Increase	$25,537

10 YEAR

Cash On Cash	-0.6%
Total Return	13.9%

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT

January 01, 2021 RECENTLY ADDED

FACTS

Single Family
Built In 1974
Price/Sqft : $161.98
4 Days on Market
MLS # : V4916968
Updated Date : 01/01/2021 at 17:11

CONSTRUCTION

Beds : 3
Floor Size : 1,728 sqft
Baths : 2 full

Listing Agent

Town And Country Realty

1410 Paula Dr

Apopka, Florida

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MARKET HIGHLIGHTS

Orlando Market Report

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)

Neighborhood: Liberty Heights

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

Neighborhood: Liberty Heights

* 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

GreatSchools Rating

Cornerstone Charter Academy K-8

Education Level: Middle
# of students: 933
# of teachers: 52

GreatSchools Rating

Cornerstone Charter Academy High School

Education Level: High
# of students: 372
# of teachers: 21

GreatSchools Rating

FINANCIALS

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$251,910$307,89000$279,900

PURCHASE PRICE

$1,494$1,82600$1,660

RENT

DOWN PAYMENT

FINANCING

OFF ON

Acquisition Concierge

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PROPERTY

Expense Inflation	%
Vacancy	%
Length of Stay
Expense Inflation	%
Vacancy	%
Length of Stay

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (1-5)

Appreciation	%
Rental Growth	%
Maintenance	%

YEAR (6+)

Appreciation	%
Rental Growth	%
Maintenance	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

INVESTMENT

Rehab Costs
Reinvest Cash Flow	Yes No
Interest Rate	%

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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME	Rent	$1,660
EXPENSES	Loan Payment	-$1,033
	Property Tax	-$302
	Property Insurance	-$139
	Property Management Fees	-$129




CASH FLOW $57

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.

$279,900

PROJECTED PRICE

$1,660

PROJECTED RENT

0.59%

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

PROJECTED ANNUAL CASH FLOW

Tenant Turnover

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

Appreciation
Principal
Loan Balance

TOTAL CASH OUT OF POCKET

INVESTMENT

$79,924

Down Payment	$69,975
Rehab Estimate	$5,750
Closing Costs	$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr

4.25%

25.00%

Down Payment

Term	30 Years
Interest	4.25%
Down Payment	$69,975
Loan Amount	$209,925

See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$26,263

INTEREST SAVED

CASH FLOW REINVESTMENT

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

$1,660
LIST RENT
$0.96
LIST RENT PER SQFT

$1,655
COMP ESTIMATED VALUE
$0.96
COMP AVG. RENT PER SQFT

Comps Range

$1,380

1$1,3802$1,5503$1,5764$1,6605$1,695

$1,695

RENT COMPS ANALYSIS

1,728
PROPERTY SQFT
$0.96
AVG RENT PER SQFT
$1,655
ESTIMATED VALUE
$1,660
LIST RENT

1411 Paula Dr Apopka, FL 5

3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1974
Price

Price Per SQFT

$279,900

$161.98
905 Hyacinth Cove Ct Apopka, FL 1

3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,442 Sqft ∙ Built 1988
SOLD 10/22/20
Price

Price Per SQFT

$120,000

$83.22
2042 Grasmere Dr Apopka, FL 2

3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1990
SOLD 07/24/20
Price

Price Per SQFT

$255,000

$133.37
2710 Evelyn Dr Apopka, FL 3

4 beds 2 baths ∙ 1,935 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,935 Sqft ∙ Built 1976
SOLD 08/27/20
Price

Price Per SQFT

$265,000

$136.95
1919 Shannon Ln Apopka, FL 4

3 beds 3 baths ∙ 1,973 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,973 Sqft ∙ Built 1991
SOLD 11/23/20
Price

Price Per SQFT

$277,000

$140.40

1411 Paula Dr Apopka, FL 4

3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,728 Sqft ∙ Built 1974
Rent

Rent Per SQFT

$1,660

$0.96
2620 Big Lake Ln Apopka, FL 1

3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1991
LEASED 02/12/20
Rent

Rent Per SQFT

$1,380

$0.85
2238 Grasmere Dr Apopka, FL 2

3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1988
LEASED 01/03/20
Rent

Rent Per SQFT

$1,550

$0.92
1504 Mink Dr Apopka, FL 3

3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1960
LEASED 06/12/20
Rent

Rent Per SQFT

$1,576

$1.05
1241 Lake Piedmont Cir Apopka, FL 5

3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1993
LEASED 09/17/20
Rent

Rent Per SQFT

$1,695

$1.01

PROPERTY LISTING DETAILS

Deborah Rood
1.386.747.7674
Town And Country Realty

Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457

Stellar Multiple Listing Service ( MFRMLS)
MLS #: V4916968
Last Updated: 01/01/2021

1411 Paula Dr Apopka, FL 32703

$279,900

$1,660

$79,924

REQUEST INFO

PROPERTY INFO

FACTS

CONSTRUCTION

Listing Agent

MARKET HIGHLIGHTS

PRICE & RENT TRENDS

SCHOOLS

Cornerstone Charter Academy K-8

Cornerstone Charter Academy K-8

Cornerstone Charter Academy High School

FINANCIALS

$251,910$307,89000$279,900

$1,494$1,82600$1,660

Acquisition Concierge

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

$279,900

$1,660

0.59%

PROJECTED ACCUMULATED WEALTH

PROJECTED ANNUAL CASH FLOW

PROJECTED PROPERTY VALUE

TOTAL CASH OUT OF POCKET

INVESTMENT

LOAN DETAILS

25%

$1,033

6.67

$26,263

$279,900

$161.98

$213,382

$123.48

COMPS RANGE

PRICE COMPS ANALYSIS

$1,660

$0.96

$1,655

$0.96

Comps Range

RENT COMPS ANALYSIS

PROPERTY LISTING DETAILS