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3014 W Windchime Cir W Apopka, FL 32703

3 Beds 2 Baths 1,423 sqft Built 1979

$275,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $193.89
  • 2 Days on Market
  • MLS # : O5907734
  • Updated Date : 12/12/2020 at 09:25
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,423 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Orlando

Listing Agent's Description

INGROUND SPA LIKE POOL - UNIQUE DESIGN - DESIRABLE LOCATION - LOCATION - LOCATION - OWNER IS PACKING TO MOVE!!! SPLIT PLAN - 3 BEDROOM - 2 BATH - 2 CAR SIDE ENTRY GARAGE. YEAR ROUND ALL WEATHER ENCLOSED BACK PORCH HAS VINYL WINDOWS, NEWER ROOF (2017) AND BUILT IN STEP DOWN SPA(SWIMMING POOL DESIGN BUT COMFY SMALLER SPA VERSION - CAN HAVE A HEATER - NO HEATER HOOKED UP). UPGRADED NEW AC 2019 AND VARIOUS OTHER UPGRADES DURING OWNERSHIP. FLOOR PLAN LEADS TO MANY USES WITH 4TH BEDROOM POSSIBLE. WILL LEAVE WASHER & DRYER. FENCED YARD HAS GATE FOR REAR YARD ACCESS WITH UTILITY SHED. IDEAL PLACE TO CALL HOME WITH SEMINOLE SCHOOLS, WALKING DISTANCE TO ELEMENTARY, FIVE MILES OR LESS FROM 1-4, 414, 429 PLUS WALMART WITHIN 1 MILE AND LOTS MORE SHOPPING! (measurements are not warranted)

SEE MORE

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: Bel Ai Hills

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $93k293k

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

Neighborhood: Bel Ai Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8321707

* 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
Bear Lake Elementary School Primary Regular 1,040 72 6
Teague Middle School Middle Regular 1,332 78 6
Lake Brantley High School High Regular 2,727 142 6

Bear Lake Elementary School

  • Education Level: Primary
  • # of students: 1,040
  • # of teachers: 72
6
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
 

$248,310$303,490$275,900

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 -$1,018
Property Tax -$267
Property Insurance -$121
Property Management Fees -$129
CASH FLOW
-$25

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.

$275,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.55%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$78,864

INVESTMENT

$78,864

Down Payment
$68,975
Rehab Estimate
$5,750
Closing Costs
$4,139

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,018

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $68,975
Loan Amount $206,925
See What Happens When You Reinvest Cash Flow

5

YEARS SAVED

$16,305

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
  • $1.06

    LIST RENT PER SQFT
  • $1,516

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,390
1$1,3902$1,4753$1,5104$1,6005$1,750
$1,750
RENT COMPS ANALYSIS
  • 3014 W Windchime Cir W Apopka, FL 3
    • 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,423 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $1.06
    •  
  • 3046 Windchime Cir N Apopka, FL 1
    • 4 beds 2 baths ∙ 1,507 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,507 Sqft ∙ Built 1979
    property image
    LEASED 12/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $0.92
    •  
  • 1035 Branchwood Dr Apopka, FL 2
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1979
    property image
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.04
    •  
  • 3188 Barbados Ct Apopka, FL 4
    • 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,396 Sqft ∙ Built 1980
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $1.15
    •  
  • 1039 Branchwood Dr Apopka, FL 5
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1979
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $1.15
    •  
PROPERTY LISTING DETAILS
Kathryn Mcgee
1.407.417.2386
Charles Rutenberg Realty Orlando
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907734
Last Updated: 12/12/2020
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