Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more
REQUEST INFO
SCHEDULE APPOINTMENT
It's free, with no obligation
PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $185.36
- 8 Days on Market
- MLS # : O5906099
- Updated Date : 11/18/2020 at 08:50
CONSTRUCTION
- Beds : 3
- Floor Size : 1,510 sqft
- Baths : 2 full
Listing Agent
Re/max Properties Sw
Listing Agent's Description
Calling all Lakefront lovers! Own a piece of paradise at an unbelievable price! Peace and privacy with spectacular views best describes this charming model condition with many updates. 3 BR 2 BA in demand Apopka community of Piedmont Lakes. Upon entering you'll be drawn in by the open, bright split floor plan. Well designed layout perfect for entertaining. Hard surface floors, tile and bamboo throughout offer easy care and maintenance. What a way to begin or end your day taking in the water views on the large screen lanai. Imagine creating family meals in the spacious kitchen with water view inspiration. Eat in kitchen space with full stainless appliance package. Upgrades and improvements include: Granite Counters in Kitchen, Master & Second Baths, Jetted Tub in Master with Travertine surround, HVAC 2016, Water Heater 2015, Washer & Dryer 2017, new interior doors, Vessel sink in second bath, upgraded lighting and fixtures, tile floor in lanai, Plantation Shutters. Community Pool, Tot Lot & Tennis Court are included amenities with affordable HOA fee. Major roads, highways and neighborhood shopping all close by. Close before year end to retain the Homestead Exemption. Make this your new place to call home TODAY!
SEE MORE
- 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: Piedmont Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Piedmont Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,580 |
| EXPENSES | Loan Payment | -$1,033 |
| Property Tax | -$302 | |
| Property Insurance | -$126 | |
| HOA | -$36 | |
| Property Management Fees | -$142 | |
|
CASH FLOW
-$59
|
||
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.
$279,900
PROJECTED PRICE
$1,580
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 10.6% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,924
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $69,975 |
| Loan Amount | $209,925 |
3.5
YEARS SAVED
$10,387
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 -
$1.05
LIST RENT PER SQFT
-
$1,431
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
2425 Piedmont Lakes Blvd Apopka, FL 4
- 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,580
- $1.05
-
2620 Big Lake Ln Apopka, FL 1
- 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1991
LEASED 02/12/20- Rent
- Rent Per SQFT
- $1,380
- $0.85
-
3046 Windchime Cir N Apopka, FL 2
- 4 beds 2 baths ∙ 1,507 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,507 Sqft ∙ Built 1979
LEASED 12/30/19- Rent
- Rent Per SQFT
- $1,390
- $0.92
-
1233 Lake Piedmont Cir Apopka, FL 3
- 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1988
LEASED 04/30/20- Rent
- Rent Per SQFT
- $1,500
- $1.01
-
1241 Lake Piedmont Cir Apopka, FL 5
- 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,681 Sqft ∙ Built 1993
LEASED 09/17/20- Rent
- Rent Per SQFT
- $1,695
- $1.01
PROPERTY LISTING DETAILS
1.407.766.7537
Re/max Properties Sw
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5906099
Last Updated: 11/18/2020
