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3065 Floral Way E 
Apopka, FL
32703
3 Beds 2 Baths 1,787 sqft
Built 1996
INVESTimate
$325,000
List Price
$91,875
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PROPERTY INFO
FACTS
- Built In 1996
- Price/Sqft : $181.87
- 2 Days on Market
- MLS # : O5887438
- Updated Date : 08/26/2020 at 02:31
CONSTRUCTION
- Beds : 3
- Floor Size : 1,787 sqft
- Baths : 2 full
Listing Agent
Florida Home Team Realty
Listing Agent's Description
BEAUTIFUL REMODELED and well maintained home with tall ceilings, 1/3 acre fenced lot, split floor plan and great Seminole County Schools! NEW in last 5 years: NEW ROOF, NEW Water Heater with timer, NEW High End Laminate Flooring and Tile, NEW plumbing fixtures: toilets, shower and faucets, NEW Cabinets and Granite in Kitchen and Bathrooms, NEW LED recessed Lighting, NEW Fence, NEW designer paint inside and out and more! Enter through the grand front door into the separate living and dining areas overlooking the front yard with LONG DRIVEWAY. The kitchen with GRANITE COUNTERS and PANTRY overlooks the family room and has a BREAKFAST BAR and DINING AREA. ALL APPLIANCES INCLUDED! The master suite is a relaxing retreat with LARGE WALK IN CLOSET. The luxurious master bath features DUAL SINKS, GRANITE COUNTERS, Soaking Tub, Separate Shower and private water closet. The secondary bedrooms on the opposite side of the house are a nice size with good closet space. Separate Laundry Room and the WASHER and DRYER are included. Large fenced yard and nice screened patio too! Great commuting patterns and walking distance to shopping. Welcome Home.
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Beechwoods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Beechwoods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,660 |
| EXPENSES | Loan Payment | -$1,199 |
| Property Tax | -$314 | |
| Property Insurance | -$143 | |
| HOA | -$35 | |
| Property Management Fees | -$149 | |
|
CASH FLOW
-$181
|
||
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.
$325,000
PROJECTED PRICE
$1,660
PROJECTED RENT
0.51%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.21% |
| Appreciation Year (1-5) | 8.94% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 6.01% |
| Length of Stay Years | 2 |
TOTAL CASH OUT OF POCKET
INVESTMENT
$91,875
LOAN DETAILS
$1,199
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $81,250 |
| Loan Amount | $243,750 |
1.67
YEARS SAVED
$4,314
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,660
LIST RENT -
$0.93
LIST RENT PER SQFT
-
$1,675
COMP ESTIMATED VALUE -
$0.94
COMP AVG. RENT PER SQFT
Comps Range
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LEASED 09/05/19- Rent
- Rent Per SQFT
- $1,995
- $1.02
PROPERTY LISTING DETAILS
1.407.617.6161
Florida Home Team Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5887438
Last Updated: 08/26/2020
