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

3628 Chandler Estates Dr Apopka, FL 32712

5 Beds 3 Baths 2,930 sqft Built 2017

$400,000

List Price

$2,090

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

December 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2017
  • Price/Sqft : $136.52
  • 3 Days on Market
  • MLS # : O5911262
  • Updated Date : 12/12/2020 at 08:44
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,930 sqft
  • Baths : 3 full
Listing Agent

Century 21 Carioti

Listing Agent's Description

WELCOME HOME! Stunning 5 Bedroom 3 Bathroom home on an oversized lot is ready for YOU to call it HOME! This beauty offers upgrades GALORE completed by the homeowner including upgraded light fixtures throughout the home, an updated wrought iron staircase, upgraded interior painting , and so much more! The whole-house SOLAR PANELS are new with a monthly payment of just $153.14/ month. The current owner only pays the $12/month electric account charge.... paying $0 in electric bill usage!! The FIRST FLOOR features a foyer entry, living room/dining room, the gourmet kitchen, dinette area, guest bathroom, a full bedroom, and the family room. The SECOND FLOOR features the master bedroom SUITE, remaining bedrooms and bathrooms, and the OVERSIZED loft... just perfect as a second family room, game room, or a virtual learning center for school. The kitchen is a CHEF'S delight boasting a large island, plenty of cabinetry, GRANITE countertops, STAINLESS STEEL appliances, and a large closet pantry. It leads to the covered patio and oversized yard.... just perfect for family gatherings and entertaining! CHANDLER ESTATES is a deed restricted community offering a playground, basketball court, and plenty of sidewalks for walking trails. It is also well-established and is close to Apopka High School, shopping, Kit Land Nelson Park, SR 429 for an easy commute, and so much more! Do not let this JEWEL slip through your fingers! *A VIRTUAL TOUR* showing is also available so you can view it from the comfort of your sofa! Call TODAY for more information!

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

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
 

$360,000$440,000$400,000

PURCHASE PRICE

$1,881$2,299$2,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,090
EXPENSES Loan Payment -$1,476
Property Tax -$431
Property Insurance -$211
HOA -$63
Property Management Fees -$129
CASH FLOW
-$219

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.

$400,000

PROJECTED PRICE

$2,090

PROJECTED RENT

0.52%

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$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$111,750

INVESTMENT

$111,750

Down Payment
$100,000
Rehab Estimate
$5,750
Closing Costs
$6,000

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $100,000
Loan Amount $300,000
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$8,495

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,090

    LIST RENT
  • $0.71

    LIST RENT PER SQFT
  • $2,071

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,895
1$1,8952$2,0883$2,0904$2,325
$2,325
RENT COMPS ANALYSIS
  • 3628 Chandler Estates Dr Apopka, FL 3
    • 5 beds 3 baths ∙ 2,930 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,930 Sqft ∙ Built 2017
    • Rent
    • Rent Per SQFT
    •  
    • $2,090
    • $0.71
    •  
  • 2603 Palmetto Ridge Cir Apopka, FL 1
    • 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,814 Sqft ∙ Built 2006
    LEASED 10/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.67
    •  
  • 2210 Candlenut Cir Apopka, FL 2
    • 5 beds 3 baths ∙ 2,835 Sqft ∙ Built 2007 5 beds 3 baths ∙ 2,835 Sqft ∙ Built 2007
    LEASED 03/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,088
    • $0.74
    •  
  • 1822 Water Rock Dr Apopka, FL 4
    • 5 beds 4 baths ∙ 3,257 Sqft ∙ Built 2016 5 beds 4 baths ∙ 3,257 Sqft ∙ Built 2016
    LEASED 09/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,325
    • $0.71
    •  
PROPERTY LISTING DETAILS
Nicole Van Treese
1.407.462.9050
Century 21 Carioti
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5911262
Last Updated: 12/12/2020
BESbswy