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1425 Woodfield Oaks Dr Apopka, FL 32703

4 Beds 2 Baths 1,943 sqft Built 1990

$275,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 02, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $141.53
  • 5 Days on Market
  • MLS # : O5909280
  • Updated Date : 12/04/2020 at 13:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,943 sqft
  • Baths : 2 full
Listing Agent

Your Home Sold Guaranteed Realty

Listing Agent's Description

**Multiple Offer Received** **1-YEAR HOME WARRANTY INCLUDED** Don’t wait to view this move-in ready, Beautiful 4 bedroom, 2 bath home in the community of Woodfield Oaks! Home features bamboo wood floors, energy efficient over-sized water heater, over-sized hurricane patio door, gorgeous wood kitchen cabinets, and a 623 sqft patio! The open concept of this home is perfect for entertaining! The master suite features a walk in closet, vaulted ceilings, and lots of natural lighting. The en suite bathroom features a separate shower, double sinks, and a garden tub perfect for soaking after a long day! Outside features a large fenced in yard and beautiful oak trees! Close to major highways and dining, close proximity to elementary school! Don’t miss your opportunity to own this well maintained, stunning house! *Optional water softener/treatment system* All measurements and sizes are approximate and not guaranteed, any information contained herein critical to buyer’s decision to purchase must be verified by buyers.

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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

Neighborhood: Woodfield Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $106k272k

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

Neighborhood: Woodfield Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8821707

* 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,015
Property Tax -$296
Property Insurance -$152
HOA -$16
Property Management Fees -$129
CASH FLOW
$32

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.

$275,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.9%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$20,193

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,613

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5003$1,6404$1,7255$1,765
$1,765
RENT COMPS ANALYSIS
  • 1425 Woodfield Oaks Dr Apopka, FL 3
    • 4 beds 2 baths ∙ 1,943 Sqft ∙ Built 1990 4 beds 2 baths ∙ 1,943 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.84
    •  
  • 6732 Nightwind Cir Orlando, FL 1
    • 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,975 Sqft ∙ Built 1981
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.76
    •  
  • 2091 Wenthworth Cir Apopka, FL 2
    • 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,946 Sqft ∙ Built 1992
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.77
    •  
  • 1340 Crawford Dr Apopka, FL 4
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1992 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1992
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $0.88
    •  
  • 1011 Pine St Apopka, FL 5
    • 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,944 Sqft ∙ Built 1996
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,765
    • $0.91
    •  
PROPERTY LISTING DETAILS
Harry Bing
1.407.654.2626
Your Home Sold Guaranteed Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5909280
Last Updated: 12/04/2020
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