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2230 Caraquet Dr Apopka, FL 32712

4 Beds 3 Baths 2,856 sqft Built 2002

$334,900

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2002
  • Price/Sqft : $117.26
  • 2 Days on Market
  • MLS # : O5904272
  • Updated Date : 11/07/2020 at 20:09
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,856 sqft
  • Baths : 2 full , 1 half
Listing Agent

Home Wise Realty Group Inc

Listing Agent's Description

NEARLY 3000 SQ FEET WITH 4300 UNDER ROOF! IMMACULATE! 2019 OWENS CORNING DURATION 30 YEAR ARCHITECTURAL SHINGLES! SOLAR HOT WATER HEATER! HARDWOOD FLOORS, ELECTRICAL FOR HOT TUB! FENCED! 3 CAR GARAGE! Welcome to County Crossing at Spring Ridge! A neighborhood nestled amongst communities reaching nearly 600k! Same "A" Rated and highly desired WOLF LAKE SCHOOLS!! To say the rooms are generous in size would be an understatement! The family/great room adorned with stunning hardwood is just ginormous! Located just off the open kitchen giving you plenty of space to entertain an army of friends and family. The FLORIDA ROOM IS A HUGE BONUS as well !! 40x16!! Make this a gameroom! The backyard is fully fenced and has a small producing vegetable/spice garden! The 2nd floor features a beautiful Owner's Suite with a FULL TRAY CEILING! Lots of windows for natural light, his and hers closets and a generous sized Owner's bath with dual sinks. 3 other OVER-SIZED bedrooms, Guest bath complete the top floor. All new Carpet 2nd floor 2020! Such a smart floorplan, keeping all common/entertaining space on the first floor and private family space & bedrooms upstairs! You'll be pleasantly surprised in the garage too! 3 car! Tons of cabinets for storage! Spring Ridge Community also offers Tot Lot, Park & community Jr. Olympic size POOL. Located within a few minutes to NORTHWEST RECREATION! 180 Acre family sports park and Amphitheater. Football, soccer, volleyball, tennis! Also within minutes to 3 state parks! Kelly, Rock and Wekiwa! The city of Apopka is an amazing location offering a small town atmosphere without heavy traffic yet minutes to Orlando, Lk Mary, Winter Garden, themes parks! MINS TO WEKIVA PKWY!! Put 2230 Caraquet at the top of your list and call your Realtor to schedule a private tour!

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

Zip Code: 32712

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k335k

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

Zip Code: 32712

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9301845

* 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
Wolf Lake Elementary School Primary Regular 1,206 76 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Wolf Lake Elementary School

  • Education Level: Primary
  • # of students: 1,206
  • # of teachers: 76
8
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
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,236
Property Tax -$426
Property Insurance -$207
HOA -$50
Property Management Fees -$172
CASH FLOW
-$180

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.

$334,900

PROJECTED PRICE

$1,910

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.0%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,236

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

1.5

YEARS SAVED

$3,537

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,942

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$1,8953$1,9104$1,9255$1,950
$1,950
RENT COMPS ANALYSIS
  • 2230 Caraquet Dr Apopka, FL 3
    • 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,856 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.67
    •  
  • 2216 Cerberus Dr Apopka, FL 1
    • 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,719 Sqft ∙ Built 2003
    LEASED 02/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.68
    •  
  • 564 Wekiva Crest Dr Apopka, FL 2
    • 5 beds 3 baths ∙ 2,954 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,954 Sqft ∙ Built 2006
    LEASED 10/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.64
    •  
  • 2370 Sheila Dr Apopka, FL 4
    • 5 beds 3 baths ∙ 2,777 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,777 Sqft ∙ Built 2005
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.69
    •  
  • 1003 Stanton Shadow Ln Apopka, FL 5
    • 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2006 5 beds 3 baths ∙ 2,732 Sqft ∙ Built 2006
    LEASED 01/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.71
    •  
PROPERTY LISTING DETAILS
Michelle Chase
1.407.595.7685
Home Wise Realty Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5904272
Last Updated: 11/07/2020
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