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1449 Woodfield Oaks Dr Apopka, FL 32703

3 Beds 2 Baths 1,544 sqft Built 1991

$275,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $178.11
  • 6 Days on Market
  • MLS # : O5926350
  • Updated Date : 02/27/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,544 sqft
  • Baths : 2 full
Listing Agent

Denny Shiver Realty Llc

Listing Agent's Description

Beautiful 3 bedroom 2bath 2 car garage home tucked away in the quaint community of Woodfield Oaks in Apopka, FL. Once you step inside you will appreciate the open floor plan and the natural lighting, high ceilings and split bedroom set up. The kitchen is open to the family room and offers plenty of cabinet and countertop space perfect for cooking and entertaining. Just off the family room is a "GREAT ROOM" that overlooks the fully fenced in backyard. The master bedroom is large and private from the other bedrooms. It features a large walk in closet and a master bathroom with a walk-in shower and a soaker tub. The fully fenced backyard is large and a perfect spot for relaxing. Don’t hesitate call today to see in person and make this home yours!

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

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
Lakeville Elementary School Primary Regular 894 59 4
Piedmont Lakes Middle School Middle Regular 1,142 68 4
Wekiva High School High Regular 2,349 113 4

Lakeville Elementary School

  • Education Level: Primary
  • # of students: 894
  • # of teachers: 59
4
GreatSchools Rating

Piedmont Lakes Middle School

  • Education Level: Middle
  • # of students: 1,142
  • # of teachers: 68
4
GreatSchools Rating

Wekiva High School

  • Education Level: High
  • # of students: 2,349
  • # of teachers: 113
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$955
Property Tax -$296
Property Insurance -$128
HOA -$16
Property Management Fees -$129
CASH FLOW
$105

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

$1,630

PROJECTED RENT

0.59%

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

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$23,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,625

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,499
1$1,4992$1,5383$1,6304$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 1449 Woodfield Oaks Dr Apopka, FL 3
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.06
    •  
  • 1465 Crawford Dr Apopka, FL 1
    • 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,544 Sqft ∙ Built 1991
    LEASED 02/17/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.97
    •  
  • 1360 Woodfield Oaks Dr Apopka, FL 2
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1993
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,538
    • $1.03
    •  
  • 1591 Crawford Dr Apopka, FL 4
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1993
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.11
    •  
  • 1541 Crawford Dr Apopka, FL 5
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1990
    LEASED 01/28/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.10
    •  
PROPERTY LISTING DETAILS
Denny Shiver
1.407.625.1503
Denny Shiver Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5926350
Last Updated: 02/27/2021
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