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1629 Killean Ct Apopka, FL 32712

5 Beds 4 Baths 2,476 sqft Built 1990

INVESTimate

$350,000

List Price

$2,020

$1,818 - $2,222

Rent Est.

$377,055  ( +7.73%)   1 YR EST. FORECAST

PROPERTY INFO

August 22, 2020 RECENTLY ADDED
FACTS
  • Built In 1990
  • Price/Sqft : $141.36
  • 5 Days on Market
  • MLS # : O5886609
  • Updated Date : 08/25/2020 at 10:03
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,476 sqft
  • Baths : 3 full , 1 half
Listing Agent

Real Estate God's Way Llc

Listing Agent's Description

Location, Location, Location!! Property is conveniently located near major highway 414, 429, 441. Golf course frontage on the 5th hole. This 5 Bedroom 3.5 Bathroom is situated on a tree lined street with a CUL-DESAC. MOVE IN READY! New roof and chimney 2020, Completely replumbed in 2010. The home has 18 seer ACs upstairs and downstairs units with UV filtration. Includes 2 tankless water heaters. New stainless kitchen appliances and brand new painting interior paint- passive gray. Downstairs master bedroom with jacuzzi soaking tub and separate shower. Downstairs 5th bedroom or office. Large laundry area fits the washer/dryer/second fridge and wash sink with a utility table. The second floor features the remaining bedrooms and an oversized LOFT area with a bench window.... just perfect for an afternoon of reading and relaxing.Second master upstairs with double closets, full bathroom and window seat. Two more bedrooms upstairs connected by jack and jill bathroom with tub and shower and double sinks. Working fireplace (wood burning or faux electric logs). New flooring throughout the home. Dark Wood Laminate with tile. 2 car garage. Exterior mature landscaping and new real stone pillar columns, front porch swing, and screened back porch.

SEE MORE

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: Errol Estates Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $110k331k

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

Neighborhood: Errol Estates Country Club

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9302089

* 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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

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-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,291
Property Tax -$377
Property Insurance -$184
HOA -$19
Property Management Fees -$182
CASH FLOW
-$33

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.

$350,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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

TOTAL OUT OFPOCKET$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$16,404

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,012

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,824
1$1,8242$1,9403$1,9754$2,0005$2,020
$2,020
RENT COMPS ANALYSIS
  • 1629 Killean Ct Apopka, 5
    • 5 beds 4 baths ∙ 2,476 Sqft ∙ Built 1990 5 beds 4 baths ∙ 2,476 Sqft ∙ Built 1990
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.82
    •  
  • 1215 Mount Logan Dr #2 Apopka, 1
    • 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,429 Sqft ∙ Built 2004
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,824
    • $0.75
    •  
  • 1458 Stoneywood Way Apopka, 2
    • 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,288 Sqft ∙ Built 2002
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.85
    •  
  • 2030 Candlenut Cir Apopka, 3
    • 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,509 Sqft ∙ Built 2007
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.79
    •  
  • 1071 Golf Point Loop Apopka, 4
    • 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,323 Sqft ∙ Built 2000
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.86
    •  
PROPERTY LISTING DETAILS
Cindy Padilla Farber
1.407.405.6278
Real Estate God's Way Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886609
Last Updated: 08/25/2020
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