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1908 Windsor Oak Dr Apopka, FL 32703

3 Beds 2 Baths 1,628 sqft Built 1991

INVESTimate

$250,000

List Price

$1,630

$1,467 - $1,793

Rent Est.

$272,350  ( +8.94%)   1 YR EST. FORECAST

PROPERTY INFO

August 19, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $153.56
  • 8 Days on Market
  • MLS # : G5032613
  • Updated Date : 08/20/2020 at 16:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,628 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Rty Coral Spgs

Listing Agent's Description

Gorgeous UPGRADED & FRESHLY PAINTED 3 bed 2 bath home with 2 car garage + 4 spot driveway. LOW HOA only $23 per month. Eat in kitchen with dual sinks and dark brown cabinetry. Kitchen pantry provides extra storage space! Living, dining, and additional family room great for entertaining guests. Master bedroom with his and hers walkin closets. Master bath with garden tub & shower combo, new vanity with his and her sinks. 2nd bathroom redone with new vanity and tile flooring. Skylights in ceiling give tons of natural lighting. HUGE fenced in backyard great for families and pets. New roof, dishwasher, PEX plumbing, & water heater! Convenient location, less than 5 minute drive from 441, close to Walmart/Sams club shopping center, WAWA gas station, several shops, and restaurants. Near Wekiwa Springs State Park!!!

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: Surrey Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $105k265k

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

Neighborhood: Surrey Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8861707

* 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
 

$225,000$275,000$250,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$922
Property Tax -$269
Property Insurance -$133
HOA -$23
Property Management Fees -$147
CASH FLOW
$135

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

$1,630

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.94%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$24,436

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,632

    COMP ESTIMATED VALUE
  • $1

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6253$1,6304$1,6555$1,675
$1,675
RENT COMPS ANALYSIS
  • 1908 Windsor Oak Dr Apopka, 3
    • 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,628 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $1.00
    •  
  • 2238 Grasmere Dr Apopka, 1
    • 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,688 Sqft ∙ Built 1988
    LEASED 01/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
  • 1976 Borga Ct Apopka, 2
    • 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,536 Sqft ∙ Built 1989
    LEASED 04/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.06
    •  
  • 1566 Margarete Crescent Dr Apopka, 4
    • 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,727 Sqft ∙ Built 1990
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,655
    • $0.96
    •  
  • 1827 Windsor Oak Dr Apopka, 5
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1993
    LEASED 07/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.07
    •  
PROPERTY LISTING DETAILS
Audrey Benassi
1.954.688.5400
Keller Williams Rty Coral Spgs
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: G5032613
Last Updated: 08/20/2020
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