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276 Edisto Pl Apopka, FL 32712

3 Beds 3 Baths 2,006 sqft Built 2014

$290,000

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $144.57
  • 3 Days on Market
  • MLS # : O5908489
  • Updated Date : 11/28/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,006 sqft
  • Baths : 2 full , 1 half
Listing Agent

Realty And Company Int., Llc

Listing Agent's Description

Don't miss out on this amazing property located in Charleston Park subdivision. Property is located on a dead end street in a neighborhood that has no pass through streets. This house was freshly painted, new carpet, vinyl floors and is ready for you to move in! As you enter the house you have an amazing 1st floor layout with a formal dinning room, open kitchen that leads to a dinette and living area with a sliding glass door to the screened in patio. The 2nd floor layout includes a bonus loft area (that could be made into bedroom #4), 2 bedrooms that share a bathroom and an oversized master bedroom with two walk-in closets that have built-in storage systems! The master bathroom has a vanity with double sinks and a deep soaker tub with a separate walk-in shower! Also located on the first floor is a powder bathroom and laundry room. This house has everything you are looking for call for an in person or virtual tour today!

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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: 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
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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,070
Property Tax -$312
Property Insurance -$156
HOA -$33
Property Management Fees -$156
CASH FLOW
$4

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.

$290,000

PROJECTED PRICE

$1,730

PROJECTED RENT

0.60%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

3.92

YEARS SAVED

$12,842

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,760

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6603$1,6954$1,7305$1,750
$1,750
RENT COMPS ANALYSIS
  • 276 Edisto Pl Apopka, FL 4
    • 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2014 3 beds 3 baths ∙ 2,006 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.86
    •  
  • 524 Lancer Oak Dr Apopka, FL 1
    • 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,710 Sqft ∙ Built 1999
    LEASED 01/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.93
    •  
  • 635 Nicole Marie St Apopka, FL 2
    • 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2012 3 beds 2 baths ∙ 1,934 Sqft ∙ Built 2012
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.86
    •  
  • 89 Knights Hollow Dr Apopka, FL 3
    • 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1996
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 329 Hideout Ln Apopka, FL 5
    • 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 2000 4 beds 3 baths ∙ 2,135 Sqft ∙ Built 2000
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.82
    •  
PROPERTY LISTING DETAILS
Jennifer Tyre
1.407.222.9758
Realty And Company Int., Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5908489
Last Updated: 11/28/2020
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