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212 N Hawthorne Ave Apopka, FL 32703

4 Beds 2 Baths 1,330 sqft Built 2000

$250,000

List Price

$1,410

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $187.97
  • 6 Days on Market
  • MLS # : O5928962
  • Updated Date : 03/10/2021 at 10:49
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,330 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Legacy Realty

Listing Agent's Description

Don’t miss this 4 bed/2 bath 2002 home in Hawthorne Oaks! This home wont last long! Zoned for top rated schools including Apopka High (Medical & Engineering Magnet). Finding entertainment in your area will be a breeze! You're just minutes away from Wekiva Springs, dining, shopping and Mount Dora. With immediate access to 429 and the turnpike, within minutes you can enjoy all that Orlando has to offer. Schedule your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

PRICE & RENT TRENDS

Neighborhood: Hawthorn Oaks

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260kPrice in $69k265k

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

Neighborhood: Hawthorn Oaks

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7171707

* 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
Apopka Elementary School Primary Regular 684 49 6
Apopka Middle School Middle Regular 1,104 60 3
Apopka High School High Magnet 3,158 144 5

Apopka Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 49
6
GreatSchools Rating

Apopka Middle School

  • Education Level: Middle
  • # of students: 1,104
  • # of teachers: 60
3
GreatSchools Rating

Apopka High School

  • Education Level: High
  • # of students: 3,158
  • # of teachers: 144
5
GreatSchools Rating
 

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

PURCHASE PRICE

$1,269$1,551$1,410

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,410
EXPENSES Loan Payment -$868
Property Tax -$269
Property Insurance -$115
HOA -$18
Property Management Fees -$129
CASH FLOW
$10

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

$1,410

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$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

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

$868

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$13,216

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,410

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,453

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,410
1$1,4102$1,4503$1,4794$1,5105$1,625
$1,625
RENT COMPS ANALYSIS
  • 212 N Hawthorne Ave Apopka, FL 1
    • 4 beds 2 baths ∙ 1,330 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,330 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,410
    • $1.06
    •  
  • 251 Rhapsody Ln Apopka, FL 2
    • 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,267 Sqft ∙ Built 2001
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.14
    •  
  • 1502 Country Villa Ct Apopka, FL 3
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1989
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,479
    • $1.06
    •  
  • 245 Moonbeam Rd Apopka, FL 4
    • 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,374 Sqft ∙ Built 1983
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.10
    •  
  • 280 Oak Run Ct Apopka, FL 5
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 2000
    LEASED 03/06/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.07
    •  
PROPERTY LISTING DETAILS
Limarys Hernandez
1.407.717.2464
Keller Williams Legacy Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5928962
Last Updated: 03/10/2021
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