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667 Sanctuary Golf Pl Apopka, FL 32712

4 Beds 3 Baths 2,499 sqft Built 2012

$425,000

List Price

$2,140

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2012
  • Price/Sqft : $170.07
  • 3 Days on Market
  • MLS # : O5921784
  • Updated Date : 02/06/2021 at 00:21
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,499 sqft
  • Baths : 3 full
Listing Agent

Showcase Realty

Listing Agent's Description

Beautiful Custom 4 Bed | 3 Bath in Sanctuary Golf Estates, a Gated Luxury Home Community. Features include: Barrel Tile Roof, Paver Driveway, 3 Car Garage with Carriage Lights, Gutters & Downspouts, Plantation Shutters, Hardwood Floors, Crown Molding, Stainless Steel Appliances, Granite Countertops and More! Enjoy this split floorplan complete with formal dining and living areas. Formal living room has French Doors and can be used as a den. Two of the secondary bedrooms share a Jack & Jill bath and the fourth bedroom is adjacent to a third full bath. The property features a large screened lanai, outside patio space with a pergola, and fenced backyard. Don't wait to schedule your chance to see this beautiful custom home.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Dream Lake Elementary School Primary Regular 824 54 6
Apopka Middle School Middle Regular 1,104 60 3
Apopka High School High Magnet 3,158 144 5

Dream Lake Elementary School

  • Education Level: Primary
  • # of students: 824
  • # of teachers: 54
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
 

$382,500$467,500$425,000

PURCHASE PRICE

$1,926$2,354$2,140

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,140
EXPENSES Loan Payment -$1,476
Property Tax -$458
Property Insurance -$185
HOA -$100
Property Management Fees -$129
CASH FLOW
-$208

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.

$425,000

PROJECTED PRICE

$2,140

PROJECTED RENT

0.50%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$118,375

INVESTMENT

$118,375

Down Payment
$106,250
Rehab Estimate
$5,750
Closing Costs
$6,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,476

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $106,250
Loan Amount $318,750
See What Happens When You Reinvest Cash Flow

2.42

YEARS SAVED

$7,678

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,140

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,849

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,650
1$1,6502$1,6953$1,8004$1,8505$2,140
$2,140
RENT COMPS ANALYSIS
  • 667 Sanctuary Golf Pl Apopka, FL 5
    • 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,499 Sqft ∙ Built 2012
    • Rent
    • Rent Per SQFT
    •  
    • $2,140
    • $0.86
    •  
  • 526 Birch Ct Apopka, FL 1
    • 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2002 3 beds 2 baths ∙ 2,240 Sqft ∙ Built 2002
    LEASED 06/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.74
    •  
  • 1102 Welch Hill Cir Apopka, FL 2
    • 3 beds 3 baths ∙ 2,316 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,316 Sqft ∙ Built 2001
    LEASED 12/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.73
    •  
  • 638 Wekiva Crest Dr Apopka, FL 3
    • 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,532 Sqft ∙ Built 2006
    LEASED 08/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.71
    •  
  • 121 W Grossenbacher Dr Apopka, FL 4
    • 3 beds 3 baths ∙ 2,373 Sqft ∙ Built 2006 3 beds 3 baths ∙ 2,373 Sqft ∙ Built 2006
    LEASED 12/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.78
    •  
PROPERTY LISTING DETAILS
Frank Baloun
1.407.414.8108
Showcase Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5921784
Last Updated: 02/06/2021
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