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1487 Woodwind Dr Apopka, FL 32703

3 Beds 2 Baths 1,180 sqft Built 2001

$204,990

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $173.72
  • 3 Days on Market
  • MLS # : O5910780
  • Updated Date : 12/12/2020 at 16:49
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,180 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Advantage 2 Realty

Listing Agent's Description

WELL MAINTAINED home with OPEN FLOOR PLAN and SPACIOUS FENCED BACKYARD tucked away in the Meadow Oaks community. Simple and neat landscaping welcomes you as you drive up. Once inside, the home immediately opens up to the LIVING ROOM with the DINING ROOM and KITCHEN further back. The openness of this floor plan, paired with the HIGH VAULTED CEILING and natural lighting makes this space feel massive! Access the PATIO and FENCED BACKYARD through the sliding doors. The yard is perfect for grilling and entertaining guests and family, with plenty of room to play or create your own personal relaxing oasis! MASTER BEDROOM features a VAULTED CEILING, WALK-IN CLOSET, and ENSUITE BATHROOM. Two additional bedrooms and bathroom. Carpet and vinyl flooring throughout. One car garage. LOW HOA. ROOF 2018. A/C UNIT 2016. Great location - minutes from the Maitland Blvd Extension and Orange Blossom Trail, Kit Land Nelson Park, CPS Sportsplex, Sam’s Club, Walmart Supercenter, shopping centers, restaurants, entertainment, and more! Come check it out today!

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: Meadow Oaks

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k265k

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

Neighborhood: Meadow Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7681707

* 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
 

$184,491$225,489$204,990

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$756
Property Tax -$221
Property Insurance -$107
HOA -$21
Property Management Fees -$129
CASH FLOW
$107

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.

$204,990

PROJECTED PRICE

$1,340

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$60,072

INVESTMENT

$60,072

Down Payment
$51,248
Rehab Estimate
$5,750
Closing Costs
$3,075

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$756

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $51,248
Loan Amount $153,743
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$22,808

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $1.14

    LIST RENT PER SQFT
  • $1,336

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,3503$1,3754$1,4005$1,595
$1,595
RENT COMPS ANALYSIS
  • 1487 Woodwind Dr Apopka, FL 1
    • 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,180 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $1.14
    •  
  • 1635 Callie Ct Apopka, FL 2
    • 3 beds 3 baths ∙ 1,285 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,285 Sqft ∙ Built 1994
    property image
    LEASED 01/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.05
    •  
  • 1357 Woodwind Dr Apopka, FL 3
    • 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,174 Sqft ∙ Built 2001
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $1.17
    •  
  • 1270 Ashworth Dr Apopka, FL 4
    • 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,232 Sqft ∙ Built 1985
    property image
    LEASED 06/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.14
    •  
  • 1012 Royal Oaks Dr Apopka, FL 5
    • 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 2009 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 2009
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.17
    •  
PROPERTY LISTING DETAILS
Philip Kolbrich
1.321.287.3913
Keller Williams Advantage 2 Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5910780
Last Updated: 12/12/2020
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