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2309 Canterclub Trl Apopka, FL 32712

3 Beds 2 Baths 1,622 sqft Built 1981

$289,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $178.73
  • 3 Days on Market
  • MLS # : O5921676
  • Updated Date : 02/05/2021 at 15:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,622 sqft
  • Baths : 2 full
Listing Agent

Florida Home Team Realty

Listing Agent's Description

One or more photo(s) has been virtually staged. THIS IS IT! 3 bedroom SPLIT PLAN home with HUGE fenced yard in LOVELY WEKIVA! LOW HOA! *BRAND NEW ARCHITECTURAL SHINGLE ROOF & GUTTERS 1/2021, NEW KITCHEN & NEW UPSCALE VINYL FLOOR IN MAIN LIVING SPACE!* CHARMING curb appeal with mature landscaping, CUTE shutters, 2 car garage with longer drive way & COVERED FRONT PORCH ENTRY! MODERN UPSCALE VINYL floors WELCOME you to OPEN & AIRY living space boasting COZY stone fireplace with mantle & sliding glass doors to patio PLUS separate dining space! UPDATED SUNNY kitchen has CHIC craftsman style WOOD cabinets, SLEEK granite counters, subway tile backsplash, stainless steel appliances & ROOMY eat-in space! Master Bedroom has tile floors, WALK-IN CLOSET & en-suite bath with vanity station, medicine cabinet, linen closet, UPDATED tile shower stall & private commode! 2 GENEROUS guest bedrooms have tile floor, ceiling fans & share Guest Bath with lots of counter space, ARTSY tile floor, dual flush toilet & tiled tub/shower combo! RELAX out back on your own PRIVATE oasis with SCREENED porch overlooking HUGE FULLY FENCED YARD boasting citrus trees & mature landscaping! INCREDIBLE WEKIVA location walking distance from Wekiva Canterclub Park with playground plus access to all the Wekiva amenities including basketball courts, baseball community center, soccer, various walking trails and parks throughout! This location also has easy access to Wekiva Springs Road, 436, 441, 414, Sam's Club, Publix, Colonial Shoppes, Walmart Neighborhood market, bowling alley, movie theater & THE LIST GOES ON!! You won't want to miss this one!

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: Wekiva

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $110k331k

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

Neighborhood: Wekiva

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9282089

* 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
Clay Springs Elementary School Primary Regular 745 50 5
Piedmont Lakes Middle School Middle Regular 1,142 68 4
Wekiva High School High Regular 2,349 113 4

Clay Springs Elementary School

  • Education Level: Primary
  • # of students: 745
  • # of teachers: 50
5
GreatSchools Rating

Piedmont Lakes Middle School

  • Education Level: Middle
  • # of students: 1,142
  • # of teachers: 68
4
GreatSchools Rating

Wekiva High School

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

$260,910$318,890$289,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,007
Property Tax -$312
Property Insurance -$133
HOA -$20
Property Management Fees -$129
CASH FLOW
-$21

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.

$289,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.3%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$15,382

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,577

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,295
1$1,2952$1,5803$1,6504$1,7505$1,750
$1,750
RENT COMPS ANALYSIS
  • 2309 Canterclub Trl Apopka, FL 2
    • 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,622 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.97
    •  
  • 205 Lyndhurst Ct Longwood, FL 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1979
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,295
    • $0.84
    •  
  • 2520 Canterclub Trl Apopka, FL 3
    • 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1980
    LEASED 10/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 584 Heather Brite Cir Apopka, FL 4
    • 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,754 Sqft ∙ Built 1980
    LEASED 10/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
  • 2114 Heatheroak Dr Apopka, FL 5
    • 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1989 3 beds 3 baths ∙ 1,758 Sqft ∙ Built 1989
    LEASED 10/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.00
    •  
PROPERTY LISTING DETAILS
Stacy Fleisher
1.407.415.9484
Florida Home Team Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921676
Last Updated: 02/05/2021
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