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885 Dusty Pine Dr Apopka, FL 32703

4 Beds 3 Baths 2,022 sqft Built 2018

$349,975

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2018
  • Price/Sqft : $173.08
  • 3 Days on Market
  • MLS # : S5042660
  • Updated Date : 11/14/2020 at 22:39
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,022 sqft
  • Baths : 3 full
Listing Agent

G World Lake Nona

Listing Agent's Description

Gorgeous 4 bedroom 3 bath home located in the amazing Forest Lake Estates. This community is located near the West Orange Trail where you can enjoy many fun filled family activities. This spacious single story floor plan offers a fully open concept living, dining and kitchen space. The kitchen includes a gourmet kitchen island, 42” upper cabinets, granite countertops, backsplash, and Stainless Steel Appliances. The flooring throughout the home with the exception of the bathrooms, is covered by DuraLux Vinyl, scratch and stain resistant but best of all, water resistant! Owners Retreat features generously sized bedroom with vaulted ceilings, stand up shower and walk-in closet. The three other bedrooms are located off to the front of the home, as you walk in to your left is your the first bedroom with jack-n-jill bathroom leading into the 2nd bedroom. Bathroom features shower, granite countertops and tile flooring. This split plan features an additional full bedroom and bathroom. Enjoy the privacy of your fenced in back yard, while relaxing under the Pergola in the back patio. This home showcases double pane low-e windows, brick paver driveway and walkway, rocker switches, and much more! You'll love the high end finishes. This home shows like a model! Must see! Schedule your showing today .

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

Neighborhood: Ocoee

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260kPrice in $84k265k

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

Neighborhood: Ocoee

ZipNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8611707

* 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
 

$314,978$384,973$349,975

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,291
Property Tax -$391
Property Insurance -$157
HOA -$82
Property Management Fees -$165
CASH FLOW
-$255

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.

$349,975

PROJECTED PRICE

$1,830

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.0%
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-$8.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$98,493

INVESTMENT

$98,493

Down Payment
$87,494
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,494
Loan Amount $262,481
See What Happens When You Reinvest Cash Flow

1.08

YEARS SAVED

$1,974

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,587

    COMP ESTIMATED VALUE
  • $0.79

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5503$1,6754$1,7955$1,830
$1,830
RENT COMPS ANALYSIS
  • 885 Dusty Pine Dr Apopka, FL 5
    • 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,022 Sqft ∙ Built 2018
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.91
    •  
  • 3304 Atmore Ter Ocoee, FL 1
    • 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2006 4 beds 3 baths ∙ 2,355 Sqft ∙ Built 2006
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.63
    •  
  • 1992 Switch Grass Cir Ocoee, FL 2
    • 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2015 3 beds 3 baths ∙ 1,776 Sqft ∙ Built 2015
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.87
    •  
  • 3291 Fawnwood Dr Ocoee, FL 3
    • 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,151 Sqft ∙ Built 2005
    LEASED 06/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.78
    •  
  • 2532 Grand Poplar St Ocoee, FL 4
    • 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,099 Sqft ∙ Built 1999
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.86
    •  
PROPERTY LISTING DETAILS
Lymaris Rosado
1.407.591.9026
G World Lake Nona
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5042660
Last Updated: 11/14/2020
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