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6158 Linneal Beach Dr Apopka, FL 32703

4 Beds 2 Baths 1,614 sqft Built 1972

$335,000

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $207.56
  • 3 Days on Market
  • MLS # : O5929950
  • Updated Date : 03/13/2021 at 18:59
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,614 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

MULTIPLE OFFERS - PLEASE SUBMIT ALL OFFERS FOR REVIEW BY SELLERS BY SUNDAY 3/14 @ 5PM--- Check out this beautiful pool home in Bear Lake Estates! This generously sized mid century ranch property is located directly across the street from the skiable 10,000 acre Bear Lake! Featuring an open floor plan with a living room and family room space and a eat-in kitchen area that has solid wood cabinets and granite countertops. This split floor plan has the master bedroom on one side with a walk-in closet, wood cabinetry, granite tops and a newly tiled walk in shower with floating glass door. The three bedrooms and pool-style bath has double sinks and wood cabinets and granite countertops with a tub and new tiled shower. The family room is open to the living room and leads you right out to the large pool area with a brand-new screen enclosure! This completely fenced yard is a full quarter acre and is ready for your gardening and has features a garden and a shed. Newer roof, AC one year old with UV filter system and a two year old hot water heater. Amazing Lake Brantley schools make this a fantastic family home! Private boat ramp access for the community to bear lake. Schedule your showing today!

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

Neighborhood: Bear Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019150k200k250k300k350k400k450k500kPrice in $109k542k

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

Neighborhood: Bear Lake Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21000110012001300140015001600170018001900200021002200Rent in $9302221

* 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
Bear Lake Elementary School Primary Regular 1,040 72 6
Teague Middle School Middle Regular 1,332 78 6
Lake Brantley High School High Regular 2,727 142 6

Bear Lake Elementary School

  • Education Level: Primary
  • # of students: 1,040
  • # of teachers: 72
6
GreatSchools Rating

Teague Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 78
6
GreatSchools Rating

Lake Brantley High School

  • Education Level: High
  • # of students: 2,727
  • # of teachers: 142
6
GreatSchools Rating
 

$301,500$368,500$335,000

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 -$1,164
Property Tax -$324
Property Insurance -$132
Property Management Fees -$129
CASH FLOW
-$39

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.

$335,000

PROJECTED PRICE

$1,710

PROJECTED RENT

0.51%

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

PROJECTED ANNUAL CASH FLOW

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$15,120

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
  • $1.06

    LIST RENT PER SQFT
  • $1,650

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5763$1,6004$1,6755$1,710
$1,710
RENT COMPS ANALYSIS
  • 6158 Linneal Beach Dr Apopka, FL 5
    • 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,614 Sqft ∙ Built 1972
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $1.06
    •  
  • 1233 Lake Piedmont Cir Apopka, FL 1
    • 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,488 Sqft ∙ Built 1988
    LEASED 04/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.01
    •  
  • 1504 Mink Dr Apopka, FL 2
    • 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,498 Sqft ∙ Built 1960
    LEASED 06/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,576
    • $1.05
    •  
  • 6034 Linneal Beach Dr Apopka, FL 3
    • 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1958 3 beds 2 baths ∙ 1,750 Sqft ∙ Built 1958
    LEASED 12/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.91
    •  
  • 1314 Ashby Cir Apopka, FL 4
    • 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,502 Sqft ∙ Built 1989
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $1.12
    •  
PROPERTY LISTING DETAILS
Christine Elias
1.321.231.5814
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5929950
Last Updated: 03/13/2021
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