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456 Haverlake Cir Apopka, FL 32712

3 Beds 2 Baths 2,012 sqft Built 1983

$290,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

January 28, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1983
  • Price/Sqft : $144.14
  • 4 Days on Market
  • MLS # : O5920050
  • Updated Date : 01/29/2021 at 23:17
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,012 sqft
  • Baths : 2 full
Listing Agent

The Real Estate Collection Llc

Listing Agent's Description

Amazing opportunity to own this spacious 3 bedroom, 2 bath home located in the heart of Wekiva. Situated in a quiet neighborhood with a fully fenced in private yard. Upon entering you are welcomed by a large living and dining area with a cozy brick woodburning fireplace leading to a massive and bright Florida sunroom. The kitchen was updated with granite countertops, stainless steel appliances, large sink, and a charming breakfast nook. The large master suite includes a walk-in closet, separate vanity space, and a sliding glass door to the fresh and airy sunroom. Master bath features a walk-in shower with charming private walled and intimate garden located off the side of the home. Don't miss your opportunity to own this charming home, schedule a private showing today!

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

Neighborhood: Wekiva

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $110k331k

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

Neighborhood: Wekiva

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9282089

* 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
Clay Springs Elementary School Primary Regular 745 50 5
Piedmont Lakes Middle School Middle Regular 1,142 68 4
Wekiva High School High Regular 2,349 113 4

Clay Springs Elementary School

  • Education Level: Primary
  • # of students: 745
  • # of teachers: 50
5
GreatSchools Rating

Piedmont Lakes Middle School

  • Education Level: Middle
  • # of students: 1,142
  • # of teachers: 68
4
GreatSchools Rating

Wekiva High School

  • Education Level: High
  • # of students: 2,349
  • # of teachers: 113
4
GreatSchools Rating
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$1,007
Property Tax -$312
Property Insurance -$156
HOA -$18
Property Management Fees -$129
CASH FLOW
$87

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.

$290,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 7.3%
Maintenance Year (1-5) 8.00%
Vacancy 5.99%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$24,634

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,932

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,710
1$1,7102$1,7993$1,9804$2,0005$2,075
$2,075
RENT COMPS ANALYSIS
  • 456 Haverlake Cir Apopka, FL 1
    • 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,012 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.85
    •  
  • 2303 Wekiva Ridge Rd Apopka, FL 2
    • 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,842 Sqft ∙ Built 1983
    LEASED 12/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,799
    • $0.98
    •  
  • 2321 Sweetaire Ct Apopka, FL 3
    • 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 1986 4 beds 2 baths ∙ 2,135 Sqft ∙ Built 1986
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.93
    •  
  • 219 Chestnut Creek Dr Apopka, FL 4
    • 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,072 Sqft ∙ Built 2001
    LEASED 02/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.97
    •  
  • 2229 Bluff Oak St Apopka, FL 5
    • 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,159 Sqft ∙ Built 1985
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,075
    • $0.96
    •  
PROPERTY LISTING DETAILS
Morgan Horsley
1.256.283.8747
The Real Estate Collection Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5920050
Last Updated: 01/29/2021
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