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1538 Rosedowne Way Apopka, FL 32703

3 Beds 2 Baths 1,634 sqft Built 2012

$305,999

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $187.27
  • 4 Days on Market
  • MLS # : O5926053
  • Updated Date : 02/27/2021 at 12:37
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,634 sqft
  • Baths : 2 full
Listing Agent

Envision Real Estate

Listing Agent's Description

Welcome Home to this beautiful 3 bedroom, 2 full baths with spacious OPEN FLOOR PLAN!! Huge Great Room opens to Kitchen with a breakfast bar and separate dining area....perfect for entertaining!! Relax on your front porch or large covered, screened back patio with private large fenced back yard. Community features a park-like area with a playground and is convenient to major highways and shopping. Make an appointment TODAY before it's too late!

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: Lake Pleasant Cove

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $109k347k

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

Neighborhood: Lake Pleasant Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9301886

* 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
 

$275,399$336,599$305,999

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,063
Property Tax -$330
Property Insurance -$134
HOA -$53
Property Management Fees -$129
CASH FLOW
-$88

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.

$305,999

PROJECTED PRICE

$1,620

PROJECTED RENT

0.53%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$86,840

INVESTMENT

$86,840

Down Payment
$76,500
Rehab Estimate
$5,750
Closing Costs
$4,590

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,063

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $76,500
Loan Amount $229,499
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$9,305

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,773

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,538
1$1,5382$1,6203$1,6804$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 1538 Rosedowne Way Apopka, FL 2
    • 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,634 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.99
    •  
  • 1360 Woodfield Oaks Dr Apopka, FL 1
    • 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
    •  
  • 1772 Chatham Cir Apopka, FL 3
    • 3 beds 3 baths ∙ 1,451 Sqft ∙ Built 1994 3 beds 3 baths ∙ 1,451 Sqft ∙ Built 1994
    LEASED 06/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $1.16
    •  
  • 1627 Rosedowne Way Apopka, FL 4
    • 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,630 Sqft ∙ Built 2012
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $1.04
    •  
  • 1591 Crawford Dr Apopka, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Viliane Bazile
1.407.427.0134
Envision Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5926053
Last Updated: 02/27/2021
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