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4126 Beautyberry Ln Apopka, FL 32712

3 Beds 2 Baths 2,250 sqft Built 2016

INVESTimate

$330,000

List Price

$1,860

$1,674 - $2,046

Rent Est.

$353,133  ( +7.01%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $146.67
  • 6 Days on Market
  • MLS # : O5886835
  • Updated Date : 08/25/2020 at 13:41
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,250 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Classic

Listing Agent's Description

You’ll be delighted with this extra spacious 3BR home in the desirable Oak Ridge community. It starts with great curb appeal – oversized lot, attractive landscaping/front façade and side entry 3 car garage with extended parking pad! Step inside to a flex room off the entry – ideal as an office, but versatile to set up as you see fit (guest room, hobby center, etc.). Walk on back to the WOW factor – open kitchen and living room, with adjacent formal dining space. Gourmet style kitchen boasts granite counters, island w/breakfast bar, abundant raised panel cabinetry, stylish recessed and pendant lighting, closet pantry, eat-in nook with direct patio access and stainless appliances! All bedrooms have ceiling fans. Master suite has all that you’d expect in a home of this quality – roomy bedroom and ensuite contemporary bath w/dual sink vanity, soaker tub and separate shower. Oak Ridge is a secure, gated community just a short drive from SR 429 – giving you easy access to central Florida hotspots. This home shows well – come see all that it has to offer!

SEE MORE

MARKET HIGHLIGHTS

  • 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

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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,674$2,046$1,860

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,860
EXPENSES Loan Payment -$1,218
Property Tax -$356
Property Insurance -$171
HOA -$117
Property Management Fees -$167
CASH FLOW
-$169

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.

$330,000

PROJECTED PRICE

$1,860

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.01%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

1.58

YEARS SAVED

$4,009

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,860

    LIST RENT
  • $0.83

    LIST RENT PER SQFT
  • $1,901

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,8603$1,9504$1,9805$2,300
$2,300
RENT COMPS ANALYSIS
  • 4126 Beautyberry Ln Apopka, 2
    • 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2016 3 beds 3 baths ∙ 2,250 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,860
    • $0.83
    •  
  • 3116 Rolling Hills Ln Apopka, 1
    • 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 2007 3 beds 2 baths ∙ 2,153 Sqft ∙ Built 2007
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.79
    •  
  • 1129 Legg Dr Apopka, 3
    • 4 beds 2 baths ∙ 2,192 Sqft ∙ Built 2011 4 beds 2 baths ∙ 2,192 Sqft ∙ Built 2011
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.89
    •  
  • 3148 Rolling Hills Ln Apopka, 4
    • 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
    •  
  • 4307 Tigris Dr Apopka, 5
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2019
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.91
    •  
PROPERTY LISTING DETAILS
Christopher Bessette
1.407.292.5400
Keller Williams Classic
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5886835
Last Updated: 08/25/2020
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