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4287 Sea Rock Ct Apopka, FL 32712

4 Beds 3 Baths 2,800 sqft Built 2004

$385,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2004
  • Price/Sqft : $137.50
  • 3 Days on Market
  • MLS # : S5041877
  • Updated Date : 11/07/2020 at 17:47
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,800 sqft
  • Baths : 3 full
Listing Agent

Imperial Realty Of Florida Inc

Listing Agent's Description

From the moment you walk in through the entry door, you know you are in a spacious home. Located at the cul-de-sac street, this home has incredible curb appeal with it's long paved driveway, mature landscaping, very private back yard with a large paved patio and newer exterior paint. This home features an open floor plan with 4 bedrooms, 3 bathrooms, and a study. It has great architecture and design, with high ceilings and crown molding accenting entrance area and dining room. Home offers over 2,800 SQFT it is plenty of room for entertaining or everyday living, separation of the master suite and functionality. Dine casually in the fantastic kitchen breakfast area while viewing the great outdoors. The kitchen features granite counter tops, a double oven with five burner stove, stainless steel refrigerator and lovely 42" custom wood cabinets. Don't miss this opportunity to live the Florida Dream. Schedule your showing today!

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
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Wolf Lake Elementary School

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

$346,500$423,500$385,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,420
Property Tax -$415
Property Insurance -$203
HOA -$35
Property Management Fees -$182
CASH FLOW
-$235

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.

$385,000

PROJECTED PRICE

$2,020

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-$8.0k-$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$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$107,775

INVESTMENT

$107,775

Down Payment
$96,250
Rehab Estimate
$5,750
Closing Costs
$5,775

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,420

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $96,250
Loan Amount $288,750
See What Happens When You Reinvest Cash Flow

1.42

YEARS SAVED

$3,820

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.72

    LIST RENT PER SQFT
  • $1,792

    COMP ESTIMATED VALUE
  • $0.64

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,8953$1,9254$2,0205$2,200
$2,200
RENT COMPS ANALYSIS
  • 4287 Sea Rock Ct Apopka, FL 4
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.72
    •  
  • 3961 Long Branch Ln Apopka, FL 1
    • 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,698 Sqft ∙ Built 2004
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.57
    •  
  • 3992 Long Branch Ln Apopka, FL 2
    • 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,122 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.61
    •  
  • 3848 Long Branch Ln Apopka, FL 3
    • 4 beds 3 baths ∙ 2,865 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,865 Sqft ∙ Built 2005
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.67
    •  
  • 750 Gulf Land Dr Apopka, FL 5
    • 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 2005 5 beds 3 baths ∙ 3,082 Sqft ∙ Built 2005
    LEASED 06/17/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.71
    •  
PROPERTY LISTING DETAILS
Oksana Arritt
1.407.234.6713
Imperial Realty Of Florida Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5041877
Last Updated: 11/07/2020
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