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3926 Kilmarnock Dr Apopka, FL 32712

4 Beds 3 Baths 2,548 sqft Built 2004

$429,900

List Price

$2,180

$2K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2004
  • Price/Sqft : $168.72
  • 3 Days on Market
  • MLS # : O5932839
  • Updated Date : 03/27/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,548 sqft
  • Baths : 3 full
Listing Agent

Southern Realty Enterprises

Listing Agent's Description

Great opportunity to own a well maintained four bedroom, 3 full bath, pool home in one of Apopka’s premier communities. Desirable floor plan with formal dining, formal living (currently used as office), family room, spacious bedrooms are on a three-way split plan. Breakfast nook off kitchen and breakfast bar for informal dining. Roomy closets, indoor laundry, two-car garage with pavered driveway add to the appeal. Roof replaced in 2019 and new gutter recently installed. Covered rear porch leads out to screened pool. This home backs up to green space area (former golf course) so no rear neighbors. Nicely landscaped for curb appeal. Corian counters in kitchen. Close to Jason Dwelley park as well as major roads, shopping, churches, and more. Community professionally managed with low fee. See today and make this your home!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Wolf Lake Elementary School Primary Regular 1,206 76 8
Wolf Lake Middle School Middle Regular 1,128 57 4
Apopka High School High Magnet 3,158 144 5

Wolf Lake Elementary School

  • Education Level: Primary
  • # of students: 1,206
  • # of teachers: 76
8
GreatSchools Rating

Wolf Lake Middle School

  • Education Level: Middle
  • # of students: 1,128
  • # of teachers: 57
4
GreatSchools Rating

Apopka High School

  • Education Level: High
  • # of students: 3,158
  • # of teachers: 144
5
GreatSchools Rating
 

$386,910$472,890$429,900

PURCHASE PRICE

$1,962$2,398$2,180

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,180
EXPENSES Loan Payment -$1,493
Property Tax -$463
Property Insurance -$188
HOA -$38
Property Management Fees -$129
CASH FLOW
-$131

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.

$429,900

PROJECTED PRICE

$2,180

PROJECTED RENT

0.51%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

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$119,674

INVESTMENT

$119,674

Down Payment
$107,475
Rehab Estimate
$5,750
Closing Costs
$6,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,493

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $107,475
Loan Amount $322,425
See What Happens When You Reinvest Cash Flow

3.42

YEARS SAVED

$12,530

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,180

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,987

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,9503$1,9804$2,0995$2,180
$2,180
RENT COMPS ANALYSIS
  • 3926 Kilmarnock Dr Apopka, FL 5
    • 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,548 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,180
    • $0.86
    •  
  • 3896 Long Branch Ln Apopka, FL 1
    • 4 beds 2 baths ∙ 2,502 Sqft ∙ Built 2004 4 beds 2 baths ∙ 2,502 Sqft ∙ Built 2004
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.72
    •  
  • 3888 Long Branch Ln Apopka, FL 2
    • 4 beds 3 baths ∙ 2,477 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,477 Sqft ∙ Built 2005
    LEASED 05/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.79
    •  
  • 3148 Rolling Hills Ln Apopka, FL 3
    • 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2007 4 beds 3 baths ∙ 2,500 Sqft ∙ Built 2007
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.79
    •  
  • 3629 Rochelle Ln Apopka, FL 4
    • 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,562 Sqft ∙ Built 2004
    LEASED 05/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,099
    • $0.82
    •  
PROPERTY LISTING DETAILS
Susan Aloisio, Pa
1.321.277.7926
Southern Realty Enterprises
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5932839
Last Updated: 03/27/2021
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