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

28 Pine Forest Pl Apopka, FL 32712

4 Beds 2 Baths 1,657 sqft Built 2000

$259,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $156.31
  • 68 Days on Market
  • MLS # : O5890727
  • Updated Date : 11/09/2020 at 09:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,657 sqft
  • Baths : 2 full
Listing Agent

Watson Realty Corp

Listing Agent's Description

Beautiful tree-lined entry and Quiet location on a Cul-de-sac street! 4 bedrooms, 2 baths, 2 car attached garage with a fenced back yard. Vaulted ceilings and skylights in Living/Dining room and an Open kitchen with Wood cabinets, closet pantry and large eating area. Family room at back of the house has sliding doors to the back yard. Master suite also has vaulted ceilings with ceiling fan, Large closet, Garden tub and separate shower. Private Apopka neighborhood, yet close to shopping and restaurants, plus easy access to Hwy 429 to Disney World, Universal Studios, and downtown Orlando. Foreign seller. Call for your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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

Zip Code: 32712

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $109k335k

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

Zip Code: 32712

ZipNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800Rent in $9301845

* 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
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$956
Property Tax -$279
Property Insurance -$135
HOA -$28
Property Management Fees -$137
CASH FLOW
-$15

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.

$259,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.59%

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$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$10,672

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,537

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,399
1$1,3992$1,5203$1,5954$1,6505$1,741
$1,741
RENT COMPS ANALYSIS
  • 28 Pine Forest Pl Apopka, FL 2
    • 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,657 Sqft ∙ Built 2000
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.92
    •  
  • 191 Summerset Dr Apopka, FL 1
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1982
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,399
    • $0.87
    •  
  • 524 Lancer Oak Dr Apopka, FL 3
    • 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
    •  
  • 79 Lancer Oak Dr Apopka, FL 4
    • 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,698 Sqft ∙ Built 1994
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.97
    •  
  • 1187 Welch Hill Cir Apopka, FL 5
    • 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,855 Sqft ∙ Built 2001
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,741
    • $0.94
    •  
PROPERTY LISTING DETAILS
Lois Ann Cox, Pa
1.407.666.8452
Watson Realty Corp
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5890727
Last Updated: 11/09/2020
BESbswy