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804 Hickory Knoll Ct Apopka, FL 32712

3 Beds 2 Baths 2,208 sqft Built 1983

$365,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $165.31
  • 4 Days on Market
  • MLS # : O5904031
  • Updated Date : 11/07/2020 at 12:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,208 sqft
  • Baths : 2 full
Listing Agent

Belben Realty Group

Listing Agent's Description

WOW! Nestled inside the gated Wekiwa Glen community, this 3 bed 2 bath pool home sits in a park-like setting on an oversized 1/2 acre corner lot. The pavered circular driveway leads to the two car garage, and lushly landscaped front entrance, with towering trees enhancing the curb appeal. Inside you’ll find a bright, spacious interior with vaulted ceilings and upgraded flooring. The foyer opens to the formal dining and formal living rooms. The formal dining room includes a built-in cabinet, and the formal living room features a double sided fireplace – shared with the family room. The family room is well appointed with a built-in bookcase and oversized slider to the rear deck and pool area. The pool and deck is fully screened for year round enjoyment. The raised deck is covered and overlooks the private pool and backyard. This is the ideal area for entertaining family and friends, and for everyday living. Every day will feel like a vacation retreat. Beyond the screened enclosure is a lush butterfly garden with stone path. Back inside, the kitchen includes white cabinets, stainless steel appliances, upgrade tiled backsplash and adjacent casual dining area. The owners suite overlooks the backyard, and through the spa-like bath includes a private patio area. Additional beds and guest bath will easily accommodate overnight guests, and your growing family. The roof is 2007. AC 2013 Water heater 2013 Pool enclosure 2013 and home has been replumbed. Wekiwa Glen includes a park with tennis court, pickle ball, basketball court. and is close to shopping, dining, medical and Wekiva Springs State Park. Access to Lake Previtt . Easy access to major roadways, downtown Orlando, Disney theme parks and everything that Central Florida has to offer. Call now to schedule your showing!

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
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
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,347
Property Tax -$393
Property Insurance -$168
HOA -$46
Property Management Fees -$175
CASH FLOW
-$188

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.

$365,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.53%

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

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,347

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

1.67

YEARS SAVED

$5,153

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,960

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,7953$1,8394$1,9405$1,995
$1,995
RENT COMPS ANALYSIS
  • 804 Hickory Knoll Ct Apopka, FL 4
    • 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 1983 3 beds 2 baths ∙ 2,208 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.88
    •  
  • 89 Knights Hollow Dr Apopka, FL 1
    • 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1996 4 beds 2 baths ∙ 1,877 Sqft ∙ Built 1996
    LEASED 07/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.90
    •  
  • 1191 Deer Lake Cir Apopka, FL 2
    • 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,963 Sqft ∙ Built 1989
    LEASED 05/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.91
    •  
  • 1780 Parkglen Cir Apopka, FL 3
    • 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,921 Sqft ∙ Built 2002
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,839
    • $0.96
    •  
  • 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
Rick Belben
1.407.341.1706
Belben Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5904031
Last Updated: 11/07/2020
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