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795 Cavan Dr Apopka, FL 32703

4 Beds 3 Baths 2,952 sqft Built 2015

$420,000

List Price

$2,230

$2K - $2.5K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $142.28
  • 2 Days on Market
  • MLS # : S5053391
  • Updated Date : 07/13/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,952 sqft
  • Baths : 2 full , 1 half
Listing Agent

Number 1 Broker, Llc

Listing Agent's Description

BRAND NEW VINYL PLANK FLOOR AT THE FIRST FLOOR Welcome home The Westmorly Reserve is a wonderful 4 bedroom plan that has it all! includes tremendous amounts of extra storage. The Launch Zone is located off the den, providing an ideal spot to search the internet while still being a part of the action in the large Family Room. The Den can also convert to a full bedroom suite. Upstairs includes a huge Flex area perfect to set up a theater, pool table, or extra couches for lounging and game night. The Flex room can also be converted to an extra bedroom with full bath. The Master Bedroom Suite provides a wonderful retreat with plenty of room to relax. A large sitting area is ideal for a piece of exercise equipment, chairs to watch the morning news, or a library. breckenridge is close to 429 and newly open hospital , gate community with community pool , 20 min to Orlando downtown and Maitland .

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

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
Apopka Elementary School Primary Regular 684 49 6
Wolf Lake Middle School Middle Regular 1,128 57 4
Apopka High School High Magnet 3,158 144 5

Apopka Elementary School

  • Education Level: Primary
  • # of students: 684
  • # of teachers: 49
6
GreatSchools Rating

Wolf Lake Middle School

  • Education Level: Middle
  • # of students: 1,128
  • # of teachers: 57
4
GreatSchools Rating

Apopka High School

  • Education Level: High
  • # of students: 3,158
  • # of teachers: 144
5
GreatSchools Rating
 

$378,000$462,000$420,000

PURCHASE PRICE

$2,007$2,453$2,230

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,230
EXPENSES Loan Payment -$1,459
Property Tax -$452
Property Insurance -$213
HOA -$100
Property Management Fees -$129
CASH FLOW
-$123

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.

$420,000

PROJECTED PRICE

$2,230

PROJECTED RENT

0.53%

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$1.4M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$117,050

INVESTMENT

$117,050

Down Payment
$105,000
Rehab Estimate
$5,750
Closing Costs
$6,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,459

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $105,000
Loan Amount $315,000
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$11,817

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,230

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $2,221

    COMP ESTIMATED VALUE
  • $0.75

    COMP AVG. RENT PER SQFT
Comps Range
$2,000
1$2,0002$2,0953$2,1504$2,2305$2,350
$2,350
RENT COMPS ANALYSIS
  • 795 Cavan Dr Apopka, FL 4
    • 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,952 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,230
    • $0.76
    •  
  • 553 Hiawatha Palm Pl Apopka, FL 1
    • 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 2004 4 beds 3 baths ∙ 2,757 Sqft ∙ Built 2004
    property image
    LEASED 07/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.73
    •  
  • 2178 Chickadee Dr Apopka, FL 2
    • 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2010 4 beds 3 baths ∙ 2,663 Sqft ∙ Built 2010
    property image
    LEASED 02/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,095
    • $0.79
    •  
  • 1789 Madison Ivy Cir Apopka, FL 3
    • 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,800 Sqft ∙ Built 2006
    property image
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.77
    •  
  • 708 Calusa Ct Apopka, FL 5
    • 4 beds 4 baths ∙ 3,266 Sqft ∙ Built 2007 4 beds 4 baths ∙ 3,266 Sqft ∙ Built 2007
    property image
    LEASED 10/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,350
    • $0.72
    •  
PROPERTY LISTING DETAILS
Eric Jia
1.407.401.1431
Number 1 Broker, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5053391
Last Updated: 07/13/2021
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