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435 Lake Doe Blvd Apopka, FL 32703

5 Beds 3 Baths 2,743 sqft Built 2019

$489,900

List Price

$2,070

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $178.60
  • 3 Days on Market
  • MLS # : O5931424
  • Updated Date : 03/20/2021 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,743 sqft
  • Baths : 3 full
Listing Agent

Charles Rutenberg Realty Orlando

Listing Agent's Description

Nearly New, Custom Built, 5/3 Lakefront Home on Apopka's beautiful Marshall Lake -- this is an amazing find!! Take your boat out to fish or ski on the lake, or just enjoy the lovely breezes while you watch the abundant flora and fauna from the comfort of your large screened patio. Discerning buyers will appreciate the many appealing features and upgrades, including: **1/3 acre lot with vinyl fencing/gates; **Lake views from the living, dining, kitchen, owner's suite and game room; Fashionable/functional high quality laminate flooring throughout first level including stair treads; **Designer color palette and tile selections; **Paver patio, walkway and lanai; **Mud room just off the garage with a built-in drop zone; **5th bedroom with stylish barn door entry -- use as an office/study/den or a first floor bedroom; **Plumbing and electric available for an outdoor kitchen; **Double-hung, energy efficient windows; **Wi-fi equipped garage door opener; **Whole-house surge protector; **Handy outdoor trestle to store your kayak or canoe; **Plantation Shutters throughout; **LED lighting throughout with dimmer switches; **Higher-end ceiling fans throughout, including lanai; **Accent lighting on lanai; **Industrial garage storage racks in ceiling. Just minutes from Downtown Apopka's many amenities, including dining and shopping; easy commute to anywhere in Central FL via the 429 Connector or 441 just around the corner from the community's entrance. This is a GEM in a market with few choices. Make your appointment before it's gone!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Country Landing

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300kPrice in $109k309k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Country Landing

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9091707

* 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
Apopka Elementary School Primary Regular 684 49 6
Apopka Middle School Middle Regular 1,104 60 3
Apopka High School High Magnet 3,158 144 5

Apopka Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 49
6
GreatSchools Rating

Apopka Middle School

  • Education Level: Middle
  • # of students: 1,104
  • # of teachers: 60
3
GreatSchools Rating

Apopka High School

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

$440,910$538,890$489,900

PURCHASE PRICE

$1,863$2,277$2,070

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,070
EXPENSES Loan Payment -$1,702
Property Tax -$528
Property Insurance -$200
HOA -$30
Property Management Fees -$129
CASH FLOW
-$518

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.

$489,900

PROJECTED PRICE

$2,070

PROJECTED RENT

0.42%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 8.9%
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$1.6M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$135,574

INVESTMENT

$135,574

Down Payment
$122,475
Rehab Estimate
$5,750
Closing Costs
$7,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,702

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,475
Loan Amount $367,425
See What Happens When You Reinvest Cash Flow

0.42

YEARS SAVED

$710

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,070

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $2,016

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,890
1$1,8902$1,9403$2,0004$2,0705$2,095
$2,095
RENT COMPS ANALYSIS
  • 435 Lake Doe Blvd Apopka, FL 4
    • 5 beds 3 baths ∙ 2,743 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,743 Sqft ∙ Built 2019
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,070
    • $0.75
    •  
  • 569 Azalea Bloom Dr Apopka, FL 1
    • 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,834 Sqft ∙ Built 2003
    property image
    LEASED 11/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,890
    • $0.67
    •  
  • 2120 Madison Ivy Cir Apopka, FL 2
    • 4 beds 3 baths ∙ 2,573 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,573 Sqft ∙ Built 2005
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.75
    •  
  • 553 Hiawatha Palm Pl Apopka, FL 3
    • 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 2004
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
  • 2178 Chickadee Dr Apopka, FL 5
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2010
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.79
    •  
PROPERTY LISTING DETAILS
Colleen Murphy
1.407.383.5218
Charles Rutenberg Realty Orlando
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5931424
Last Updated: 03/20/2021
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