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PROPERTY INFO
FACTS
- Single Family
- Built In 1993
- Price/Sqft : $184.23
- 2 Days on Market
- MLS # : O5931530
- Updated Date : 03/21/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,357 sqft
- Baths : 2 full
Listing Agent
Coldwell Banker Realty
Listing Agent's Description
This is the most Gorgeous water frontage lot in the neighborhood available! The minute you step inside you are welcomed by pond views with open concept living & dining areas along with soaring ceilings; this 3 bedrooms 2 bath just under 1400 sqft offers lots of Natural light throughout; split planned, granite counter in kitchen with white cabinets. Enjoy water views from the master bedroom window featuring Huge master walk-in closet with Dual sinks in the bath. Fenced rear yard backs up to Pond and Wekiva Springs Park with mesmerizing views of all types of wildlife. You could not ask for a better view and no photo will do it justice! You have to see it yourself. Wekiva Park has a playground & pond, Close to Publix, restaurants & highways.
SEE MORE
- 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
Zip Code: 32712
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 32712
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,500 |
| EXPENSES | Loan Payment | -$868 |
| Property Tax | -$269 | |
| Property Insurance | -$117 | |
| HOA | -$25 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$91
|
||
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.
$250,000
PROJECTED PRICE
$1,500
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$72,000
LOAN DETAILS
$868
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $62,500 |
| Loan Amount | $187,500 |
7
YEARS SAVED
$20,649
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,500
LIST RENT -
$1.11
LIST RENT PER SQFT
-
$1,499
COMP ESTIMATED VALUE -
$1.11
COMP AVG. RENT PER SQFT
Comps Range
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1633 Boulder Creek Ct Apopka, FL 2
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10 E Thrush St Apopka, FL 1
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219 Morning Creek Cir Apopka, FL 3
- 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,601 Sqft ∙ Built 1994
LEASED 12/20/19- Rent
- Rent Per SQFT
- $1,660
- $1.04
-
1648 Boulder Creek Ct Apopka, FL 4
- 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 1993 3 beds 3 baths ∙ 1,624 Sqft ∙ Built 1993
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,699
- $1.05
-
320 Morning Creek Cir Apopka, FL 5
- 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,627 Sqft ∙ Built 1993
LEASED 03/02/20- Rent
- Rent Per SQFT
- $1,895
- $1.16
PROPERTY LISTING DETAILS
1.407.256.8575
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5931530
Last Updated: 03/21/2021
