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1600 Sweetwater West Cir Apopka, FL 32712

4 Beds 3 Baths 2,806 sqft Built 1990

$420,000

List Price

$2,300

$2.1K - $2.5K

Rent Est.

$117,050

Investment Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1990
  • Price/Sqft : $149.68
  • 2 Days on Market
  • MLS # : O5910080
  • Updated Date : 12/06/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,806 sqft
  • Baths : 3 full
Listing Agent

Investor's Real Estate Llc

Listing Agent's Description

Dreams Do Come True! BEAUTIFUL and Established SWEETWATER COMMUNITY. Situated on an over sized Corner lot. Featuring 4 spacious bedrooms with wood flooring and 3 full baths. Almost 3,000 sq ft, there's plenty a room for a large family with a generous size master downstairs and 3 more bedrooms plus a huge bonus room upstairs. Low HOA. Formal dining room and formal living room with large beautiful window that you can make it your home gym, home office etc. There's even a 16 x 14 living room upstairs that can easily be enclosed to make a 5th bedroom or a play room. Elegant all-wood Kitchen cabinets with granite counter tops. French doors to the outdoors and a porch on the second floor facing the large backyard. This home is in a fantastic location with close proximity to major highways, restaurants, shopping, and Seminole/Wekiva walking/biking. Make yours.

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MARKET HIGHLIGHTS

Orlando Market Report
  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 32712

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k335k

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

Zip Code: 32712

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9301845

* 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
 

FINANCIALS

Learn how to read this

$378,000$462,000$420,000

PURCHASE PRICE

$2,070$2,530$2,300

RENT

DOWN PAYMENT
FINANCING
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FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,300
EXPENSES Loan Payment -$1,550
Property Tax -$452
Property Insurance -$204
HOA -$92
Property Management Fees -$129
CASH FLOW
-$127

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.

$420,000

PROJECTED PRICE

$2,300

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.0%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation

  • Principal

  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment		 $105,000
Rehab Estimate		 $5,750
Closing Costs		 $6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,550

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

3.5

YEARS SAVED

$15,147

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,300

    LIST RENT

  • $0.82

    LIST RENT PER SQFT

  • $2,525

    COMP ESTIMATED VALUE

  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$2,095
1$2,0952$2,2953$2,3004$2,5505$2,800
$2,800
RENT COMPS ANALYSIS
  • 1600 Sweetwater West Cir Apopka, FL 3
    • 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,806 Sqft ∙ Built 1990
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.82
    •  
  • 2227 Palm View Dr Apopka, FL 1
    • 4 beds 2 baths ∙ 2,618 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,618 Sqft ∙ Built 1984
    property image
    LEASED 09/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.80
    •  
  • 1610 Owl Ridge Ct Apopka, FL 2
    • 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 1993
    property image
    LEASED 07/08/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.92
    •  
  • 2313 Park Village Pl Apopka, FL 4
    • 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 1989 4 beds 3 baths ∙ 2,655 Sqft ∙ Built 1989
    property image
    LEASED 01/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,550
    • $0.96
    •  
  • 2036 Ne Palm Vista Dr Apopka, FL 5
    • 4 beds 3 baths ∙ 3,055 Sqft ∙ Built 1985 4 beds 3 baths ∙ 3,055 Sqft ∙ Built 1985
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
LISTING AGENT
Brenda Vizcaino
1.407.534.9210
Investor's Real Estate Llc
BUYER AGENT
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
SOURCE
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5910080
Last Updated: 12/06/2020

All returns, cash flow, and appreciation estimates are projections. Please review our Disclaimer for more information.

All values are rounded to the nearest dollar.
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