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1749 W Marshall Lake Dr Apopka, FL 32703

4 Beds 2 Baths 1,874 sqft Built 2002

$275,000

List Price

$1,640

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $146.74
  • 6 Days on Market
  • MLS # : O5902682
  • Updated Date : 11/01/2020 at 19:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,874 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

Beautiful Home in Lake Doe Cove In Great Move-In Condition! Come check out this single story, four bedroom, two bath home with a great flexible floor plan. Both the exterior and interior have been freshly painted in soft neutral colors and the exterior has been accented in bright white trim that along with the updated landscape brings a pop of color for curb appeal. The front window and door have accented palladium top windows. There is good quality tile in excellent condition throughout the kitchen, laundry and master bathroom. There is a closet for extra storage in the foyer. The main living areas and the bedrooms have neutral carpeting. The floor plan's living and dining room combination and a separate family room that is open across the breakfast bar to the kitchen can be used or arranged to suit your needs. The kitchen has light wood cabinetry and decorative tile inset in the floor. The eat in area for the kitchen has a window for ample natural light. The family room also has a large window providing more natural light and sliding glass doors out to a spacious screened porch with tiled floor that overlooks the fenced backyard. There are a red navel orange and loquat tree in the backyard. The master bedroom features an ensuite bath with a single sink vanity with knee cut out for a seated "make up" space, walk in closet, shower, separate garden tub and door to the backyard. The master bedroom is connected by a door to another bedroom that could be used as a the perfect nursery if needed or a home office. There are two more bedrooms, one in the front of the home with a triple window to the front with a walk in closet and another bedroom at the back of the home which also overlooks the backyard and could be a great home office, home-schooling room, craft room or a game room--you choose! The main hall bath is at the front of the home between the two front bedrooms and has a vanity and tub/shower combination. The A/C was replaced in 2015. The location of the home is ideal for access to the 429 and 441 for commuting and here is shopping and dining nearby for your convenience. Mount Dora is also up 441 and is a great town to spend time. Don't miss the opportunity to own this great home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Lake Doe Cove

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $109k300k

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

Neighborhood: Lake Doe Cove

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9301719

* 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,476$1,804$1,640

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,640
EXPENSES Loan Payment -$1,015
Property Tax -$296
Property Insurance -$148
HOA -$27
Property Management Fees -$148
CASH FLOW
$6

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.

$275,000

PROJECTED PRICE

$1,640

PROJECTED RENT

0.60%

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-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,015

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

4.17

YEARS SAVED

$13,147

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,640

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,663

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6403$1,6754$1,7505$1,900
$1,900
RENT COMPS ANALYSIS
  • 1749 W Marshall Lake Dr Apopka, FL 2
    • 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,874 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,640
    • $0.88
    •  
  • 1667 Scrub Jay Rd Apopka, FL 1
    • 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2007
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.82
    •  
  • 818 Lake Doe Blvd Apopka, FL 3
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.91
    •  
  • 2160 Chickadee Dr Apopka, FL 4
    • 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2006
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 365 Willet Ave Apopka, FL 5
    • 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2006
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.96
    •  
PROPERTY LISTING DETAILS
Tim Frush
1.407.284.9222
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5902682
Last Updated: 11/01/2020
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