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PROPERTY INFO
FACTS
- Single Family
- Built In 1990
- Price/Sqft : $171.13
- 2 Days on Market
- MLS # : G5038678
- Updated Date : 02/14/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 2,220 sqft
- Baths : 2 full , 1 half
Listing Agent
Catherine Hanson Real Estate,
Listing Agent's Description
Enjoy Florida living year round in a rocking chair on the front porch with a glass of lemonade or lounging by the pool in the warm sunshine during the summer or reading a book by the brick fireplace during the winter. The gorgeous kitchen has stunning granite counter tops, stainless appliances and a beautiful view of the backyard. Enjoy your meals or play board games in the dining room, at the breakfast bar or out back by the pool. This home is absolutely perfect for entertaining your friends and family. The downstairs master bedroom has two walk in closets and the ensuite includes a tub with a separate shower stall and two vanities. Meander up the stairs to the second story to find two more bedrooms and an updated bathroom with granite countertops and a walk in shower. The bonus room could be used as a 4th bedroom, office or playroom. There is ample storage in the oversized garage with pegboard walls and two walk in closets on the second floor. The entire lanai is complete with pavers and a massive screen enclosure with a large grilling area for you to BBQ and to relax in the afternoon reading a book, sipping a drink or taking a dip in the sparkling pool. Bring your toys because there is a large parking slab to store your boat, atvs or RV behind the fully fenced yard. Some local outdoor amenities in Apopka include Northwest Recreational Complex, fishing on Lake Apopka, canoe, camp or hike on the nature trails at scenic Wekiwa Springs State Park, or cycle along 22 paved miles of the West Orange Trail. Apopka is an ideal place explore the best of nature and only minutes from Orlando. There are a various options for dining, shopping and entertaining conveniently located nearby. Schedule your showing today to make this house your home!
SEE MORE
- 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.
- 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)
PRICE & RENT TRENDS
Neighborhood: Lake McCoy Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lake McCoy Forest
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,780 |
| EXPENSES | Loan Payment | -$1,320 |
| Property Tax | -$409 | |
| Property Insurance | -$169 | |
| HOA | -$21 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$267
|
||
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.
$379,900
PROJECTED PRICE
$1,780
PROJECTED RENT
0.47%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.63% |
| Appreciation Year (1-5) | 7.0% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.99% |
| 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
$106,424
LOAN DETAILS
$1,320
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $94,975 |
| Loan Amount | $284,925 |
2.08
YEARS SAVED
$5,103
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,780
LIST RENT -
$0.8
LIST RENT PER SQFT
-
$1,804
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
-
734 May Day Drive Apopka, FL 2
- 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 1990 3 beds 3 baths ∙ 2,220 Sqft ∙ Built 1990
- Rent
- Rent Per SQFT
- $1,780
- $0.80
-
1548 Silver Fox Cir Apopka, FL 1
- 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,924 Sqft ∙ Built 1985
LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,725
- $0.90
-
121 W Grossenbacher Dr Apopka, FL 3
- 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
-
903 Laurel Leaf Ct Apopka, FL 4
- 3 beds 2 baths ∙ 2,395 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,395 Sqft ∙ Built 1991
LEASED 12/14/20- Rent
- Rent Per SQFT
- $1,900
- $0.79
-
1209 Reagans Reserve Blvd Apopka, FL 5
- 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,542 Sqft ∙ Built 2001
LEASED 03/09/20- Rent
- Rent Per SQFT
- $1,995
- $0.78
PROPERTY LISTING DETAILS
1.352.267.7254
Catherine Hanson Real Estate,
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: G5038678
Last Updated: 02/14/2021
