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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bear Lake Estates
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$94,525
LOAN DETAILS
$1,164
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $83,750 |
| Loan Amount | $251,250 |
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
-
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
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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
1.321.231.5814
Coldwell Banker Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: O5929950
Last Updated: 03/13/2021
