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1967 Sunbow Ave Apopka, FL 32703

3 Beds 2 Baths 1,837 sqft Built 2012

$319,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 27, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $174.14
  • 2 Days on Market
  • MLS # : O5933099
  • Updated Date : 03/28/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,837 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Beautiful 3 bedroom, 2 bathroom, single-family home in the community of Emerson Park in Apopka. This home features an open floor plan for shared spaces leading to more private areas, such as the bedrooms and bathrooms. Near the front of the home are 2 bedrooms perfectly located for optimal privacy within the home. The front foyer leads to the kitchen which boasts, granite countertops, an island, and stainless steel appliances The kitchen opens to both the dining area and living room. Right off the living room is the primary bedroom with a walk-in closet and a private bathroom with double vanity sinks, a garden bathtub, and a separate tiled shower. Sliding glass doors from the living area leads to the screened lanai which overlooks the backyard. This home features a 2-car garage, and the community amenities include a clubhouse, pool, playground, spacious parks and is convenient to SR 429 and SR 414.

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: Emerson Park

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k339k

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

Neighborhood: Emerson Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9302025

* 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
Wheatley Elementary School Primary Regular 386 30 2
Wolf Lake Middle School Middle Regular 1,128 57 4
Wekiva High School High Regular 2,349 113 4

Wheatley Elementary School

  • Education Level: Primary
  • # of students: 386
  • # of teachers: 30
2
GreatSchools Rating

Wolf Lake Middle School

  • Education Level: Middle
  • # of students: 1,128
  • # of teachers: 57
4
GreatSchools Rating

Wekiva High School

  • Education Level: High
  • # of students: 2,349
  • # of teachers: 113
4
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,111
Property Tax -$337
Property Insurance -$146
HOA -$103
Property Management Fees -$129
CASH FLOW
-$126

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.

$319,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.53%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.5%
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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

3

YEARS SAVED

$7,414

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,648
1$1,6482$1,7003$1,8504$1,985
$1,985
RENT COMPS ANALYSIS
  • 1967 Sunbow Ave Apopka, FL 2
    • 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,837 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 3024 Alessa Loop Apopka, FL 1
    • 3 beds 3 baths ∙ 1,667 Sqft ∙ Built 2019 3 beds 3 baths ∙ 1,667 Sqft ∙ Built 2019
    LEASED 01/26/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,648
    • $0.99
    •  
  • 913 Berry Leaf Ct Apopka, FL 3
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2017 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2017
    LEASED 07/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $1.12
    •  
  • 3493 Bromfield Dr Ocoee, FL 4
    • 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,179 Sqft ∙ Built 2006
    LEASED 01/21/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,985
    • $0.91
    •  
PROPERTY LISTING DETAILS
Veronica Figueroa
1.407.329.9500
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5933099
Last Updated: 03/28/2021
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