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2081 Lake Todd Ct Apopka, FL 32712

3 Beds 3 Baths 2,307 sqft Built 1991

$329,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 04, 2020 RECENTLY ADDED
FACTS
  • Built In 1991
  • Price/Sqft : $142.61
  • 6 Days on Market
  • MLS # : G5035499
  • Updated Date : 11/06/2020 at 13:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,307 sqft
  • Baths : 3 full
Listing Agent

Re/max Premier Realty

Listing Agent's Description

This picturesque storybook home nestled in lovely Errol Estates sits on a large corner lot on a quiet cul-de-sac. The canopy of mature oak trees creates an enchanted oasis while providing shade and privacy. The fully automatic commercial-grade sprinkler system keeps the yard lush and green as needed. The two car garage and golf cart garage entry is from the side of the home. Upon entering the home, you will notice the eighteen foot vaulted ceilings, gorgeous crown molding and spacious feel of the home. The customized living room windows allow cascading light to pour into the home while giving a breathtaking view of the front garden and brick patio. The openness of the formal dining room provides ample space for large social gatherings and family dinners. The bright kitchen and large breakfast nook offer amazing views of the back yard while the cozy family room with its wood burning fireplace and glass sliding doors open onto the screened Florida porch overlooking the stunning fenced back yard. The large downstairs guest bathroom has an exterior door for convenient outdoor access. As you ascend the stairs, you enter a large loft perfect for an office or sitting area and the additional full guest bath room. The master bedroom has a large walk in closet and a grand master bathroom which includes a garden tub, separate shower and large mirrored double sink vanity. The guest bedrooms are spacious with lovely views. This home provides a healthy environment with its state of the art Reme Halo AIR PURIFICATION SYSTEM which destroys viruses, flu, bacteria, mold, mildew and many other air born germs. The home boasts a newer high efficiency A/C, compressor and heat pump. A new hot water heater, dishwasher, disposal and commodes were installed this year. The roof is ten years old. Close to restaurants, shopping and easy access to nearby events. Only 15 minutes to historic Mount Dora, 25 minutes to Disney World and the theme parks, 25 minutes to downtown Orlando and 45 minutes from the East Coast beaches. With this spacious retreat, your favorite vacation destination will be 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: 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
 

$296,100$361,900$329,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,214
Property Tax -$354
Property Insurance -$174
HOA -$20
Property Management Fees -$165
CASH FLOW
-$97

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.

$329,000

PROJECTED PRICE

$1,830

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

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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$92,935

INVESTMENT

$92,935

Down Payment
$82,250
Rehab Estimate
$5,750
Closing Costs
$4,935

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,214

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,250
Loan Amount $246,750
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$10,321

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,823

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7993$1,8304$1,9745$2,025
$2,025
RENT COMPS ANALYSIS
  • 2081 Lake Todd Ct Apopka, FL 3
    • 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1991 3 beds 3 baths ∙ 2,307 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.79
    •  
  • 1022 Parkside Pointe Blvd Apopka, FL 1
    • 3 beds 2 baths ∙ 2,381 Sqft ∙ Built 2004 3 beds 2 baths ∙ 2,381 Sqft ∙ Built 2004
    LEASED 01/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.71
    •  
  • 1448 Errol Pkwy Apopka, FL 2
    • 3 beds 3 baths ∙ 2,336 Sqft ∙ Built 1981 3 beds 3 baths ∙ 2,336 Sqft ∙ Built 1981
    LEASED 04/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.77
    •  
  • 1549 Madison Ivy Cir Apopka, FL 4
    • 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,293 Sqft ∙ Built 2005
    LEASED 03/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,974
    • $0.86
    •  
  • 2052 Tournament Dr #4a Apopka, FL 5
    • 3 beds 2 baths ∙ 2,463 Sqft ∙ Built 1994 3 beds 2 baths ∙ 2,463 Sqft ∙ Built 1994
    LEASED 02/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.82
    •  
PROPERTY LISTING DETAILS
Denise Beserock
1.321.947.5120
Re/max Premier Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: G5035499
Last Updated: 11/06/2020
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