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1811 Lake Francis Dr Apopka, FL 32712

4 Beds 3 Baths 2,079 sqft Built 1987

$339,000

List Price

$1,890

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $163.06
  • 2 Days on Market
  • MLS # : G5036427
  • Updated Date : 12/05/2020 at 11:31
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,079 sqft
  • Baths : 2 full , 1 half
Listing Agent

Catherine Hanson Real Estate,

Listing Agent's Description

This 4 bedroom 2 1/2 bath home sits on a premium corner lot in beautiful Errol Estates. It has a beautifully landscaped yard and freshly painted exterior and features a formal living room with wet bar, formal dining room and separate family room with a wood burning fireplace. The kitchen is well equipped and includes a convection oven. Brand new carpet in the bedrooms. Walk out of any of the four sliding glass doors onto a large covered patio and heated salt water pool. The fenced backyard has a firepit for those cool nights. The home is pre-wired for a generator and has a smart irrigator, smart thermostat and smart garage door opener. This is a must see!

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$305,100$372,900$339,000

PURCHASE PRICE

$1,701$2,079$1,890

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,890
EXPENSES Loan Payment -$1,251
Property Tax -$365
Property Insurance -$160
HOA -$21
Property Management Fees -$129
CASH FLOW
-$36

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.

$339,000

PROJECTED PRICE

$1,890

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.7%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,585

INVESTMENT

$95,585

Down Payment
$84,750
Rehab Estimate
$5,750
Closing Costs
$5,085

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,251

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,750
Loan Amount $254,250
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$21,071

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,890

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,882

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,7493$1,8904$1,8995$1,980
$1,980
RENT COMPS ANALYSIS
  • 1811 Lake Francis Dr Apopka, FL 3
    • 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1987 4 beds 3 baths ∙ 2,079 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.91
    •  
  • 2086 Carpathian Dr Apopka, FL 1
    • 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,910 Sqft ∙ Built 2001
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.84
    •  
  • 1865 Cranberry Isles Way Apopka, FL 2
    • 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1991 4 beds 3 baths ∙ 1,906 Sqft ∙ Built 1991
    LEASED 08/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,749
    • $0.92
    •  
  • 1254 Stoneywood Way Apopka, FL 4
    • 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 2000 4 beds 2 baths ∙ 2,178 Sqft ∙ Built 2000
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $0.87
    •  
  • 1857 Emerald Cove Blvd Apopka, FL 5
    • 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2004 4 beds 2 baths ∙ 1,991 Sqft ∙ Built 2004
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jean Barlow
1.407.625.4160
Catherine Hanson Real Estate,
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: G5036427
Last Updated: 12/05/2020
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