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2114 Cordaville Pl Apopka, FL 32703

4 Beds 4 Baths 2,523 sqft Built 2012

INVESTimate

$339,900

List Price

$2,030

$1,827 - $2,233

Rent Est.

$355,229  ( +4.51%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2012
  • Price/Sqft : $134.72
  • 6 Days on Market
  • MLS # : O5886430
  • Updated Date : 08/21/2020 at 13:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,523 sqft
  • Baths : 3 full , 1 half
Listing Agent

Scr Realty Llc

Listing Agent's Description

LIKE BRAND NEW CONSTRUCTION!! Welcome home to this beautifully updated property! NEW CABINETS, NEW GRANITE, NEW FLOORING THROUGHOUT, NEW STAINLESS STEEL APPLIANCES, FRESH INTERIOR/EXTERIOR PAINT, NEW SCREENED IN PATIO, NEW NEW NEW!! This home is the best house located in the calm and quiet Emerson Park subdivision. This lovely home sits on approx. 2500+ sqft providing 4 bedrooms with plenty of space and 3.5 bathrooms. Master bedroom is conveniently located on the first floor with a large walk-in closet and a giant bathroom that includes a standing shower and a garden tub. The first floor provides a giant open layout with high ceilings, a beautifully updated kitchen with new cabinets, granite, and appliances. A dedicated formal dining room sits just off the kitchen, perfect for hosting dinner parties or enjoying family dinners together. The 2 car garage is located on the rear of the property right next do the laundry room with plenty of storage and shelves. Access the newly screened in back patio equipped with brand new outdoor fans. The second floor hosts 2 full bathrooms, 3 large bedrooms and a flex/loft space perfect for a child's play space or an entertainment area. The house is decorated with brand new fixtures and ceiling fans all throughout. This home is move in ready and does not require any work! Living in Emerson Park includes a Junior Olympic Swimming Pool, Fitness Center, 3,500 sq ft Clubhouse (that can be rented out) 200 Acres to Bike ride, A Fenced Playground, A huge Dog Park and Green Space Area. Access to Expressways SR 429, to SR 408, to I-4 & Turnpike, and easy access to Disney, Downtown Orlando, Restaurants, and Shopping! BEST HOUSE IN THE COMMUNITY, HANDS DOWN!

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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: 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
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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,827$2,233$2,030

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-$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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,254
Property Tax -$366
Property Insurance -$187
HOA -$103
Property Management Fees -$183
CASH FLOW
-$63

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.

$339,900

PROJECTED PRICE

$2,030

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.51%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,254

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$10,370

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $2,044

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$1,995
1$1,9952$2,0303$2,1004$2,1005$2,100
$2,100
RENT COMPS ANALYSIS
  • 2114 Cordaville Pl Apopka, 2
    • 4 beds 4 baths ∙ 2,523 Sqft ∙ Built 2012 4 beds 4 baths ∙ 2,523 Sqft ∙ Built 2012
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.80
    •  
  • 966 Seburn Rd Apopka, 1
    • 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2009 4 beds 3 baths ∙ 2,565 Sqft ∙ Built 2009
    property image
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.78
    •  
  • 3598 Pelock Dr Apopka, 3
    • 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,426 Sqft ∙ Built 2017
    property image
    LEASED 09/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.87
    •  
  • 3552 Macauley Ct Ocoee, 4
    • 5 beds 3 baths ∙ 2,682 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,682 Sqft ∙ Built 2006
    property image
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.78
    •  
  • 932 Grand Hilltop Dr Apopka, 5
    • 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,600 Sqft ∙ Built 2018
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.81
    •  
PROPERTY LISTING DETAILS
Michael Tercha
1.407.391.5192
Scr Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886430
Last Updated: 08/21/2020
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