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1548 Woodstone Dr Apopka, FL 32703

3 Beds 2 Baths 1,217 sqft Built 2001

INVESTimate

$223,900

List Price

$1,370

$1,233 - $1,507

Rent Est.

$243,917  ( +8.94%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 2001
  • Price/Sqft : $183.98
  • 6 Days on Market
  • MLS # : O5886767
  • Updated Date : 08/23/2020 at 18:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,217 sqft
  • Baths : 2 full
Listing Agent

Fannie Hillman & Associates

Listing Agent's Description

Cute House Freshly Painted In and Out, New Carpet in 2 Bedrooms, Laminate Floors in Living Space and One Bedroom Granite Counters in Kitchen- Large Soaking tub an Separate Shower in the Primary Bathroom.Vaulted Ceilings,Plant Shelves, Architectural Niches, No Neighbor Behind this Property Provides a Feeling of Privacy!!Garage Has been Converted into Hobby Room ready for Personal Touch or Easily Turn Back to Garage. Community Playground Nearby.

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MARKET HIGHLIGHTS

  • 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: 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
 

$201,510$246,290$223,900

PURCHASE PRICE

$1,233$1,507$1,370

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,370
EXPENSES Loan Payment -$826
Property Tax -$241
Property Insurance -$109
HOA -$21
Property Management Fees -$123
CASH FLOW
$50

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.

$223,900

PROJECTED PRICE

$1,370

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.94%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,084

INVESTMENT

$65,084

Down Payment
$55,975
Rehab Estimate
$5,750
Closing Costs
$3,359

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$826

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,975
Loan Amount $167,925
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$14,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,370

    LIST RENT
  • $1.13

    LIST RENT PER SQFT
  • $1,381

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3703$1,3954$1,5955$1,640
$1,640
RENT COMPS ANALYSIS
  • 1548 Woodstone Dr Apopka, 2
    • 3 beds 2 baths ∙ 1,217 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,217 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,370
    • $1.13
    •  
  • 1635 Callie Ct Apopka, 1
    • 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
    •  
  • 1248 E Cleveland Ave Apopka, 3
    • 4 beds 2 baths ∙ 1,213 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,213 Sqft ∙ Built 1994
    property image
    LEASED 11/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.15
    •  
  • 1012 Royal Oaks Dr Apopka, 4
    • 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
    •  
  • 1156 Windy Way Apopka, 5
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1992
    property image
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $1.17
    •  
PROPERTY LISTING DETAILS
Jeff Hall
1.407.579.1268
Fannie Hillman & Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886767
Last Updated: 08/23/2020
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