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272 Edisto Pl Apopka, FL 32712

3 Beds 2 Baths 1,510 sqft Built 2013

$297,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $196.69
  • 4 Days on Market
  • MLS # : O5921548
  • Updated Date : 02/05/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,510 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Welcome to this beautiful 3 bedroom, 2 bathroom home located in the highly sought after community, Charleston Park. This home has a stone elevation upgrade, giving the home a beautiful rustic touch. Upon entry you are greeted with beautiful tile flooring, a coat closet, and an elongated walkway. This home features a split-floorplan, with privacy in mind. The master bedroom is located by the family room while, the secondary bedrooms are located towards the front of the home. The master bedroom features a walk-in closet and beautiful tray ceilings. The spa-like master bath has dual marble vanity sinks, a walk-in shower, and large garden tub. The home has tile in the wet areas and carpet in main living areas and bedrooms. The kitchen is the heart of the home! The kitchen boasts, gorgeous marble countertop, tile backsplash, stainless steel appliances, and an extended granite island. The backyard features, an extended slab and amazing water view! There are so many things you can do the backyard to make it the yard of your dreams. Home is primely located near major roads and highways such as SR 429, SR 414, shopping/dining, and Lake Apopka. Come and make this beautiful home yours! Schedule for a private showing today. **Attached garage racks are staying as well as bike racks.**

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: Charleston Park

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280k300kPrice in $69k319k

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

Neighborhood: Charleston Park

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951707

* 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
Dream Lake Elementary School Primary Regular 824 54 6
Apopka Middle School Middle Regular 1,104 60 3
Apopka High School High Magnet 3,158 144 5

Dream Lake Elementary School

  • Education Level: Primary
  • # of students: 824
  • # of teachers: 54
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
 

$267,300$326,700$297,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$1,032
Property Tax -$320
Property Insurance -$126
HOA -$33
Property Management Fees -$129
CASH FLOW
-$129

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.

$297,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.51%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 7.0%
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-$4.0k-$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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,455

INVESTMENT

$84,455

Down Payment
$74,250
Rehab Estimate
$5,750
Closing Costs
$4,455

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,032

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,250
Loan Amount $222,750
See What Happens When You Reinvest Cash Flow

2.75

YEARS SAVED

$6,361

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $1

    LIST RENT PER SQFT
  • $1,518

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5103$1,6004$1,6505$1,795
$1,795
RENT COMPS ANALYSIS
  • 272 Edisto Pl Apopka, FL 2
    • 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2013 3 beds 2 baths ∙ 1,510 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.00
    •  
  • 592 Rouzer St Apopka, FL 1
    • 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,577 Sqft ∙ Built 1995
    LEASED 07/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.95
    •  
  • 263 Meagan Beth Rd Apopka, FL 3
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1996
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.02
    •  
  • 349 Bay St Apopka, FL 4
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1996
    LEASED 03/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.05
    •  
  • 35 E Oak St Apopka, FL 5
    • 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1996 4 beds 3 baths ∙ 1,800 Sqft ∙ Built 1996
    LEASED 01/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.00
    •  
PROPERTY LISTING DETAILS
Veronica Figueroa
1.407.329.9500
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921548
Last Updated: 02/05/2021
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