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1448 Glenmore Dr Apopka, FL 32712

4 Beds 2 Baths 2,448 sqft Built 1984

$398,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $162.58
  • 3 Days on Market
  • MLS # : G5039868
  • Updated Date : 03/20/2021 at 20:03
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,448 sqft
  • Baths : 2 full
Listing Agent

Era Grizzard Real Estate

Listing Agent's Description

POOL HOME WITH GARAGE AND SEPARATE WORKSHOP IN ERROL ESTATE. Welcome home to this well-established community offering peaceful tree-lined streets, oversized lots, and quality construction homes while being situated in a convenient location just a short drive to everything. Approximately only 20 minutes drive to Mount Dora, Altamonte Springs, Winter Park, and Orlando. This beautiful 2,448 SF home sits on a .43 acre lot graced with mature trees. Attractive brick and siding facade with a gabled roof, front walkway, and convenient large driveway with side-entry 2-car garage in addition to a 15x17 separate workshop with its garage door for easy access to riding mowers and tools. New A/C 2016, new windows and glass doors 2017, new roof and interior/exterior paint 2018, new water heater, bedrooms carpeted, and painting in 2021. Upon entry to this bright and open, split bedroom floor plan interior, there’s a wow-factor that welcomes you! With soaring vaulted ceilings, large windows, a gorgeous floor-to-ceiling brick fireplace, wood-trimmed skylights, and lots of space for hosting family and friend gatherings. The dining room and living room are open to each other for great flow with expansive wood/glass doors that open to the family room with skylight and glass sliders opening to an oversized screened lanai. The well-appointed kitchen offers abundant wood cabinetry, stainless appliances, a dining nook, a large opening into the living room for easy entertaining, and a closet pantry. The carpeted master suite has a vaulted ceiling and en-suite bath with a walk-in closet and glass door to a private patio. Bedroom 2 has double doors and tile floors, great as an office space. Bedrooms 3 and 4 are generous-sized rooms. A spacious hall bath with dual sinks and tub with shower convenient to guest bedrooms and office. The bonus room is tucked away off the family room—it’s also ideal as an office, craft room, kid’s playroom, or yoga studio. Relax or entertain in the privacy-fenced backyard with an expansive screened lanai that offers a built-in brick grill station and sparkling swimming pool. What a wonderful home in a lovely neighborhood!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Errol Estates Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $110k331k

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

Neighborhood: Errol Estates Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9302089

* 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
Apopka Elementary School Primary Regular 684 49 6
Wolf Lake Middle School Middle Regular 1,128 57 4
Apopka High School High Magnet 3,158 144 5

Apopka Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 49
6
GreatSchools Rating

Wolf Lake Middle School

  • Education Level: Middle
  • # of students: 1,128
  • # of teachers: 57
4
GreatSchools Rating

Apopka High School

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

$358,200$437,800$398,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,382
Property Tax -$429
Property Insurance -$182
HOA -$21
Property Management Fees -$129
CASH FLOW
-$53

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.

$398,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.7%
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

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$111,220

INVESTMENT

$111,220

Down Payment
$99,500
Rehab Estimate
$5,750
Closing Costs
$5,970

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,382

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $99,500
Loan Amount $298,500
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$18,906

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $2,026

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,899
1$1,8992$1,9253$1,9404$2,0625$2,090
$2,090
RENT COMPS ANALYSIS
  • 1448 Glenmore Dr Apopka, FL 5
    • 5 beds 2 baths ∙ 2,448 Sqft ∙ Built 1984 5 beds 2 baths ∙ 2,448 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.85
    •  
  • 1254 Stoneywood Way Apopka, FL 1
    • 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 2000
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.87
    •  
  • 2048 Eagles Rest Dr Apopka, FL 2
    • 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,260 Sqft ∙ Built 1988
    LEASED 11/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.85
    •  
  • 1458 Stoneywood Way Apopka, FL 3
    • 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2002
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.85
    •  
  • 2030 Eagles Rest Dr Apopka, FL 4
    • 4 beds 2 baths ∙ 2,775 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,775 Sqft ∙ Built 1987
    LEASED 03/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,062
    • $0.74
    •  
PROPERTY LISTING DETAILS
Loretta Maimone
1.352.455.4541
Era Grizzard Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: G5039868
Last Updated: 03/20/2021
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