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874 Dekleva Dr Apopka, FL 32712

4 Beds 2 Baths 1,880 sqft Built 2002

$289,900

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 11, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $154.20
  • 5 Days on Market
  • MLS # : O5905127
  • Updated Date : 11/12/2020 at 09:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,880 sqft
  • Baths : 2 full
Listing Agent

Property Logic Re

Listing Agent's Description

Charming 4/2 Apopka home in the small subdivision of Plymouth Landing. Stepping into the home you'll find tile and wood laminate flooring throughout, an open kitchen with breakfast bar and tile countertops. Just off the kitchen is a living room and family room with sliders that open to a large fenced in backyard. On the right side of the home is three nice sized bedrooms with an easily accessible full bathroom. On the back on the home is the spacious master suite. The master features a walk-in closet along with a bathroom complete with dual vanities, separate garden tub and shower.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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.

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
Wolf Lake Elementary School Primary Regular 1,206 76 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Wolf Lake Elementary School

  • Education Level: Primary
  • # of students: 1,206
  • # of teachers: 76
8
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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,070
Property Tax -$312
Property Insurance -$148
HOA -$29
Property Management Fees -$149
CASH FLOW
-$58

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.

$289,900

PROJECTED PRICE

$1,650

PROJECTED RENT

0.57%

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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$9,144

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,772

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6503$1,6994$1,7505$2,045
$2,045
RENT COMPS ANALYSIS
  • 874 Dekleva Dr Apopka, FL 2
    • 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,880 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.88
    •  
  • 1726 Madison Ivy Cir Apopka, FL 1
    • 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,705 Sqft ∙ Built 2005
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.94
    •  
  • 1566 Madison Ivy Cir Apopka, FL 3
    • 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,753 Sqft ∙ Built 2005
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.97
    •  
  • 1711 Hiddenwood Ct Apopka, FL 4
    • 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 1988 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 1988
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.90
    •  
  • 1821 Candlenut Cir Apopka, FL 5
    • 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2011 4 beds 3 baths ∙ 2,130 Sqft ∙ Built 2011
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,045
    • $0.96
    •  
PROPERTY LISTING DETAILS
Mark D'italia
1.321.303.8219
Property Logic Re
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5905127
Last Updated: 11/12/2020
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