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2839 Tamarack Trl Apopka, FL 32703

4 Beds 2 Baths 2,110 sqft Built 1981

$310,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1981
  • Price/Sqft : $146.92
  • 3 Days on Market
  • MLS # : O5920297
  • Updated Date : 01/30/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,110 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Heritage Realty

Listing Agent's Description

This Beautiful 4 Bedroom, 2 Bathroom Home Boasts A BRAND NEW ROOF (2021), A Fresh Coat Of Paint Inside And Out (2021), Cleaned Ducts (2021), A New A/C System (2019), A New Water Heater (2018), And A Fully Remodeled Bathroom (2019). You Can Move Into This Home Knowing That All The Big Ticket Items Are In Excellent Condition! Additional Perks: A Split Floor Plan, Spacious Bedrooms, Laminate And Tile Floors In All But One Bedroom, An Oversized 2 Car Garage, A Peaceful Back Yard Oasis Already Fenced On Three Sides, A Massive Florida Room/Patio, Lots Of Windows, And A Super Cute Kitchen. Owner Is Offer A $3,000.00 Flooring Credit For The Replacement Of Flooring In Bedrooms 2 and 4. This Home Has So Much Potential!! Home Is Situated On A Quiet Street In A Great Neighborhood And Is Zoned For Some Of The Best Schools Seminole County Has To Offer. You Are Also Located So Close To All Your Favorite Amenities From Restaurants To Groceries To Movie Theaters To Shopping, You Are Just Minutes Away From All The Modern Conveniences You Would Want! Don't Miss Out On This Absolutely Charming Home! Call Me Today To Schedule A Private Showing!

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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: Foxwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $109k380k

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

Neighborhood: Foxwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9241772

* 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
Wekiva Elementary School Primary Regular 789 59 9
Teague Middle School Middle Regular 1,332 78 6
Lake Brantley High School High Regular 2,727 142 6

Wekiva Elementary School

  • Education Level: Primary
  • # of students: 789
  • # of teachers: 59
9
GreatSchools Rating

Teague Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 78
6
GreatSchools Rating

Lake Brantley High School

  • Education Level: High
  • # of students: 2,727
  • # of teachers: 142
6
GreatSchools Rating
 

$279,000$341,000$310,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,077
Property Tax -$300
Property Insurance -$162
HOA -$20
Property Management Fees -$129
CASH FLOW
$143

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.

$310,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.9%
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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,900

INVESTMENT

$87,900

Down Payment
$77,500
Rehab Estimate
$5,750
Closing Costs
$4,650

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$1,077

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,500
Loan Amount $232,500
See What Happens When You Reinvest Cash Flow

7.5

YEARS SAVED

$28,766

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,841

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,7753$1,8304$2,0005$2,095
$2,095
RENT COMPS ANALYSIS
  • 2839 Tamarack Trl Apopka, FL 3
    • 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,110 Sqft ∙ Built 1981
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.87
    •  
  • 3147 Foxwood Dr Apopka, FL 1
    • 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 1981 4 beds 2 baths ∙ 2,064 Sqft ∙ Built 1981
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.80
    •  
  • 209 Chichester Cv Longwood, FL 2
    • 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,270 Sqft ∙ Built 1984
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.78
    •  
  • 219 Chestnut Creek Dr Apopka, FL 4
    • 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 2001
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 118 E Berkshire Cir Longwood, FL 5
    • 5 beds 2 baths ∙ 2,235 Sqft ∙ Built 1977 5 beds 2 baths ∙ 2,235 Sqft ∙ Built 1977
    LEASED 05/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.94
    •  
PROPERTY LISTING DETAILS
Marci Blanchard
1.904.800.9971
Keller Williams Heritage Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5920297
Last Updated: 01/30/2021
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