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542 Lake Doe Blvd Apopka, FL 32703

3 Beds 2 Baths 1,404 sqft Built 1984

$249,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1984
  • Price/Sqft : $177.35
  • 3 Days on Market
  • MLS # : T3296137
  • Updated Date : 03/20/2021 at 11:55
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,404 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

MULTIPLE OFFERS. HIGHEST AND BEST BY 6PM SUNDAY 3-21-21. Welcome home to the beautiful WATERFRONT COMMUNITY of Lake Doe Estates! Enjoy moving right in to this wonderful 3-BEDROOM 2-BATHROOM home that is clean, maintained, and ready for its new owners. The HUGE FENCED BACKYARD offers extra SHED STORAGE and plenty of room for playing and entertaining family and friends. Layout is OPEN and WELCOMING, and provides easy access to the backyard from multiple rooms in the house, including the LARGE MASTER BEDROOM. Beautiful and worry-free LAMINATE FLOORING in the main living room. LARGE WINDOWS offer lots of natural light throughout. Make your appointment today to see this charming home, and MAKE IT YOURS!

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: Lake Doe Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $97k298k

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

Neighborhood: Lake Doe Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8821707

* 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
 

$224,100$273,900$249,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$865
Property Tax -$268
Property Insurance -$120
HOA -$13
Property Management Fees -$129
CASH FLOW
$26

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.

$249,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$865

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$14,956

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $1.01

    LIST RENT PER SQFT
  • $1,411

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,420
1$1,4202$1,4793$1,5494$1,5995$1,725
$1,725
RENT COMPS ANALYSIS
  • 542 Lake Doe Blvd Apopka, FL 1
    • 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,404 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $1.01
    •  
  • 1502 Country Villa Ct Apopka, FL 2
    • 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,394 Sqft ∙ Built 1989
    property image
    LEASED 03/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,479
    • $1.06
    •  
  • 578 Lake Doe Blvd Apopka, FL 3
    • 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,648 Sqft ∙ Built 1984
    property image
    LEASED 05/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,549
    • $0.94
    •  
  • 655 Doe Cove Pl Apopka, FL 4
    • 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,592 Sqft ∙ Built 2002
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $1.00
    •  
  • 502 Azalea Bloom Dr Apopka, FL 5
    • 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,691 Sqft ∙ Built 2003
    property image
    LEASED 03/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.02
    •  
PROPERTY LISTING DETAILS
Jill Dojka P.a.
1.813.855.4982
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296137
Last Updated: 03/20/2021
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