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1534 Skye Ct 
Apopka, FL
32712
3 Beds 2 Baths 2,051 sqft
Built 1981
INVESTimate
$299,900
List Price
$85,224
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1981
- Price/Sqft : $146.22
- 2 Days on Market
- MLS # : O5886471
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 2,051 sqft
- Baths : 2 full
Listing Agent
Nexthome Arrowsmith Realty
Listing Agent's Description
This Errol Estate home features large and spacious rooms, open concept allows for entertaining, cozy office/den with built in brick shelving, lovely parquet flooring in dining and kitchen, breakfast bar with built in shelving, lots of cabinets, brick wood burning fireplace in living room and gas fireplace in sitting room of the huge primary bedroom. Roof replaced in 2018, a/c air handler replaced in 2016, whole house re plumbed in 2018, new carpet in living and primary bedroom 2018. Seller is offering a home warranty up to $500.00 through Old Republic. Circular drive in front and long side driveway for additional parking is a plus. Errol Estate is located conveniently near two international airports, major roadways, area attractions, beaches, shopping and dining options.
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Errol Estates Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Errol Estates Country Club
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,720 |
| EXPENSES | Loan Payment | -$1,107 |
| Property Tax | -$323 | |
| Property Insurance | -$159 | |
| HOA | -$21 | |
| Property Management Fees | -$155 | |
|
CASH FLOW
-$43
|
||
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.
$299,900
PROJECTED PRICE
$1,720
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 7.73% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$85,224
LOAN DETAILS
$1,107
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $74,975 |
| Loan Amount | $224,925 |
3.67
YEARS SAVED
$12,580
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,720
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,779
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
1534 Skye Ct Apopka, 3
- 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 1981 3 beds 2 baths ∙ 2,051 Sqft ∙ Built 1981
- Rent
- Rent Per SQFT
- $1,720
- $0.84
-
1542 Golfside Village Blvd Apopka, 1
- 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,868 Sqft ∙ Built 1996
LEASED 09/27/19- Rent
- Rent Per SQFT
- $1,550
- $0.83
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2086 Carpathian Dr Apopka, 2
- 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2001
LEASED 02/17/20- Rent
- Rent Per SQFT
- $1,600
- $0.84
-
1348 Golf Point Loop Apopka, 4
- 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,884 Sqft ∙ Built 1999
LEASED 07/17/20- Rent
- Rent Per SQFT
- $1,745
- $0.93
-
1254 Stoneywood Way Apopka, 5
- 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
PROPERTY LISTING DETAILS
1.407.797.1488
Nexthome Arrowsmith Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5886471
Last Updated: 08/26/2020
