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588 Hebrides Ct Apopka, FL 32712

4 Beds 3 Baths 2,711 sqft Built 2001

$449,000

List Price

$2,110

$1.9K - $2.3K

Rent Est.

PROPERTY INFO

January 15, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $165.62
  • 3 Days on Market
  • MLS # : O5917131
  • Updated Date : 01/16/2021 at 12:11
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,711 sqft
  • Baths : 3 full
Listing Agent

Home Wise Realty Group Inc

Listing Agent's Description

OMG! The size of this yard is amazing! 200 feet deep by 167 feet wide! WELL OVER 1/2 ACRE AT .60 CORNER LOT! Fabulous Rock Springs POOL Home with 2020 ARCHITECTURAL SHINGLE ROOF! 20K ROCK GARDEN WITH ALL PERENIAL PLANTS! Enjoy Custard Apple Trees, Kumquats, Papaya, Grapefruit, Japanese Loquats, Bananas and Persimmon fruit right from your backyard!! Extensive ROCK work throughout the exterior and landscape. 4 Bedrooms, 3 full baths with 3 car garage! Soaring high ceilings with oversized windows and walls of glass bring tons of natural light. Formal living and dining rooms flanked on each side of the entryway foyer and million dollar view of the breath-taking humongous POOL! Enter the family room with arches and architectural details and ceilings that peak around 15 feet tall! Open to the Kitchen with gorgeous exotic granite and newer stainless appliances. A prep island with power and vent hood to the exterior for those who love to cook! A large bar for extra in kitchen seating that offers great views the oversized breakfast nook for great entertaining space for family and friends. The Owner's suite is GINORMOUS! Plenty of space for large bedroom furniture plus seating area. Access to the outdoor patio space and pool. A beautifully remodel master bath with jetted tub! 3-WAY split floorplan! Step onto the patio deck that offers tons of entertaining space! This POOL IS HUGE!! THIS BACKYARD IS HUGE AND FULLY FENCED! FRIENDS, FAMILY AND PETS, PLENTY OF PLAY SPACE FOR ALL! Roof, AC and Water Heater replaced 2020!! Immaculate and move in ready! "A" rated and highly desired WOLF LAKE SCHOOLS! Termite bond & more. RSR is the perfect atmosphere for families of all kinds to come together & live in a true community. A Rated & highly desired WOLF LAKE schools, Field of Fame sports center located just behind the community has football, volleyball, tennis, walking trails and Amphitheater for free weekly concerts! Apopka offers a great environment with terrific and very convenient access from 429 to new Wekiva Expressway to everywhere in Orlando, Lake Mary, and surrounding areas!! Welcome Home!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

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
 

$404,100$493,900$449,000

PURCHASE PRICE

$1,899$2,321$2,110

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,110
EXPENSES Loan Payment -$1,560
Property Tax -$484
Property Insurance -$198
HOA -$38
Property Management Fees -$129
CASH FLOW
-$298

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.

$449,000

PROJECTED PRICE

$2,110

PROJECTED RENT

0.47%

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$1.4M

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$124,735

INVESTMENT

$124,735

Down Payment
$112,250
Rehab Estimate
$5,750
Closing Costs
$6,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,560

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $112,250
Loan Amount $336,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$4,948

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,110

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,857

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,9003$1,9254$1,9255$2,110
$2,110
RENT COMPS ANALYSIS
  • 588 Hebrides Ct Apopka, FL 5
    • 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,711 Sqft ∙ Built 2001
    • Rent
    • Rent Per SQFT
    •  
    • $2,110
    • $0.78
    •  
  • 3664 Rolling Hills Ln Apopka, FL 1
    • 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,529 Sqft ∙ Built 2005
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.64
    •  
  • 613 Cheviot Ct Apopka, FL 2
    • 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,576 Sqft ∙ Built 2001
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.74
    •  
  • 2370 Sheila Dr Apopka, FL 3
    • 5 beds 3 baths ∙ 2,777 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,777 Sqft ∙ Built 2005
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.69
    •  
  • 3848 Long Branch Ln Apopka, FL 4
    • 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
    •  
PROPERTY LISTING DETAILS
Michelle Chase
1.407.595.7685
Home Wise Realty Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5917131
Last Updated: 01/16/2021
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