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732 Galway Blvd Apopka, FL 32703

4 Beds 2 Baths 1,972 sqft Built 2007

$325,000

List Price

$1,760

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 2007
  • Price/Sqft : $164.81
  • 2 Days on Market
  • MLS # : O5904641
  • Updated Date : 11/08/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,972 sqft
  • Baths : 2 full
Listing Agent

Comreal Orlando Inc

Listing Agent's Description

Looking for a great home in a gated community in Apopka. Quite but close to toll roads giving you quick access to Orlando, Winter Park, Maitland and the Airport this is it. This 4 bedroom 2 bath house provides flexibility for the 4th bedroom to be a study or even a nursery with easy access to the Master. The oversized 2 car garage provides for parking and storage. Built in a planed community on a corner lot with access to a community pool provides a great atmosphere for rearing a family. The kitchen has all stainless appliances and has an eat-in breakfast area that opens to the family room providing for great family time or entertaining. This house also has 9 Foot high ceilings providing a open and spacious feeling throughout the house.

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

Neighborhood: Breckenridge

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $109k406k

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

Neighborhood: Breckenridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9302147

* 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
Cornerstone Charter Academy K-8 Primary Charter 933 52 7
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Cornerstone Charter Academy K-8

  • Education Level: Primary
  • # of students: 933
  • # of teachers: 52
7
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
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,584$1,936$1,760

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,760
EXPENSES Loan Payment -$1,199
Property Tax -$350
Property Insurance -$154
HOA -$100
Property Management Fees -$158
CASH FLOW
-$202

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.

$325,000

PROJECTED PRICE

$1,760

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,714

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,760

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6753$1,7504$1,7605$1,900
$1,900
RENT COMPS ANALYSIS
  • 732 Galway Blvd Apopka, FL 4
    • 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,972 Sqft ∙ Built 2007
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,760
    • $0.89
    •  
  • 1667 Scrub Jay Rd Apopka, FL 1
    • 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2007
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.82
    •  
  • 818 Lake Doe Blvd Apopka, FL 2
    • 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,836 Sqft ∙ Built 2002
    property image
    LEASED 07/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.91
    •  
  • 2160 Chickadee Dr Apopka, FL 3
    • 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2006 4 beds 2 baths ∙ 2,024 Sqft ∙ Built 2006
    property image
    LEASED 12/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.86
    •  
  • 365 Willet Ave Apopka, FL 5
    • 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2006 4 beds 3 baths ∙ 1,986 Sqft ∙ Built 2006
    property image
    LEASED 06/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.96
    •  
PROPERTY LISTING DETAILS
Alan Hicks
1.321.287.3912
Comreal Orlando Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5904641
Last Updated: 11/08/2020
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