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24 E Bob White St Apopka, FL 32712

3 Beds 2 Baths 1,137 sqft Built 1985

$235,000

List Price

$1,270

$1.1K - $1.4K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1985
  • Price/Sqft : $206.68
  • 4 Days on Market
  • MLS # : O5907682
  • Updated Date : 11/26/2020 at 21:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,137 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

One or more photo(s) has been virtually staged. **SIMPLY IRRESISTIBLE!** This property is the DARLING of Apopka Terrace ! ECLECTIC & INVITING this 3 bed 2 bath is nestled on a PRIVATE Lush Landscaped fenced lot with NO HOA! What a versatile floor plan! So many possibilities ! With over $23,000 invested in this property it is smart and savvy investment that is MOVE IN ready. EXPANSIVE floor plan that is open and spacious makes it feels larger than it is. Large master bedroom and bathroom suite and two roomy secondary bedrooms. NEW LAMINATE VINYL PLANK flooring throughout the entire home in CHIC contemporary colors selections that coordinate with the NEW decorator interior color and wht molding. Roomy eat in kitchen, with an abundance of cabinetry, storage and counter space for meal prep. Plenty of room for your dinette set. Gaze out on the property as you prepare your meals. This sprawling screened living lanai is perfect for added living space. Think of all the possibilities for this outdoor space in addition to the SERENE privately fenced backyard activities. A home in this condition, features, floor plan is a great find. Newer roof (2005) Replumbed( 2004) New A/C( 2013) and so much more. Enjoy the benefits and convenience of living just minutes from major roadways, restaurants and shopping. Come see this home before it's gone.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • Orlando metro employment growth is at 3.5% and predicted to grow at 2.5% in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Apopka Terrace

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $50k265k

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

Neighborhood: Apopka Terrace

NeighborhoodNIR Market*CityMarket2010Year20002019 Q280090010001100120013001400150016001700Rent in $7361707

* 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
 

$211,500$258,500$235,000

PURCHASE PRICE

$1,143$1,397$1,270

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,270
EXPENSES Loan Payment -$867
Property Tax -$253
Property Insurance -$104
Property Management Fees -$114
CASH FLOW
-$68

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.

$235,000

PROJECTED PRICE

$1,270

PROJECTED RENT

0.54%

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$100k$200k$300k$400k$500k$600k$700k

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$6,367

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,270

    LIST RENT
  • $1.12

    LIST RENT PER SQFT
  • $1,282

    COMP ESTIMATED VALUE
  • $1.13

    COMP AVG. RENT PER SQFT
Comps Range
$1,270
1$1,2702$1,3953$1,4504$1,4505$1,495
$1,495
RENT COMPS ANALYSIS
  • 24 E Bob White St Apopka, FL 1
    • 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,137 Sqft ∙ Built 1985
    • Rent
    • Rent Per SQFT
    •  
    • $1,270
    • $1.12
    •  
  • 281 Meagan Beth Rd Apopka, FL 2
    • 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,284 Sqft ∙ Built 1995
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.09
    •  
  • 334 Morning Creek Cir Apopka, FL 3
    • 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,275 Sqft ∙ Built 1993
    LEASED 01/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.14
    •  
  • 232 Oak Run Ct Apopka, FL 4
    • 4 beds 2 baths ∙ 1,310 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,310 Sqft ∙ Built 2000
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
  • 10 E Thrush St Apopka, FL 5
    • 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,274 Sqft ∙ Built 1986
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $1.17
    •  
PROPERTY LISTING DETAILS
Suzanne Crudo
1.407.489.8953
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907682
Last Updated: 11/26/2020
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