Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

9 Spanish Oak Ln Apopka, FL 32703

4 Beds 2 Baths 1,570 sqft Built 1980

$319,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 25, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $203.76
  • 4 Days on Market
  • MLS # : O5932677
  • Updated Date : 03/26/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,570 sqft
  • Baths : 2 full
Listing Agent

Exp Realty Llc

Listing Agent's Description

Nestled beneath a canopy of beautiful trees, this well-maintained 4 bedroom, 2 bathroom home waits for you to call it home. Situated on .30 acres with no rear neighbors, this lovely pool home combines comfort with a bit of privacy. Light flows in from the windows and french doors to bathe the home in natural light. The welcoming foyer takes you into the dining area and living room, perfectly designed to create a comfortable open living space. The kitchen, with granite countertops, wood cabinetry, stainless steel appliances, is accented by tiled backsplash. The living room is enjoyable no matter the season with its french doors to lead you to the screened patio and pool area in the summer and its cozy fireplace to take the chill off of the cool winter nights. The master suite is a relaxing retreat with french doors that open to the screened patio. The master bath offers a walk-in shower, a private toilet area, and a walk-in closet. But you may want to spend much of your time in the versatile outdoor living space. Splash right into the pool with brick pavers, relax in the shade or host a cookout in the screened patio overlooking the huge backyard and a serene view of Lake Foxwood. If you need some extra space, there is a storage shed behind the home. Best of all, you can enjoy this lovely home in a private country setting but is conveniently located near major roads, shopping, dining, and more.

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

Neighborhood: Foxwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $109k380k

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

Neighborhood: Foxwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9241772

* 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
Wekiva Elementary School Primary Regular 789 59 9
Teague Middle School Middle Regular 1,332 78 6
Lake Brantley High School High Regular 2,727 142 6

Wekiva Elementary School

  • Education Level: Primary
  • # of students: 789
  • # of teachers: 59
9
GreatSchools Rating

Teague Middle School

  • Education Level: Middle
  • # of students: 1,332
  • # of teachers: 78
6
GreatSchools Rating

Lake Brantley High School

  • Education Level: High
  • # of students: 2,727
  • # of teachers: 142
6
GreatSchools Rating
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,111
Property Tax -$309
Property Insurance -$130
HOA -$20
Property Management Fees -$129
CASH FLOW
$31

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.

$319,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.54%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$19,615

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,696

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,6993$1,7004$1,7305$1,800
$1,800
RENT COMPS ANALYSIS
  • 9 Spanish Oak Ln Apopka, FL 4
    • 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1980 4 beds 2 baths ∙ 1,570 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $1.10
    •  
  • 1035 Branchwood Dr Apopka, FL 1
    • 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,415 Sqft ∙ Built 1979
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.04
    •  
  • 180 Holderness Dr Longwood, FL 2
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1978
    LEASED 03/15/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $1.12
    •  
  • 1039 Branchwood Dr Apopka, FL 3
    • 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,520 Sqft ∙ Built 1979
    LEASED 02/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.12
    •  
  • 291 New Waterford Pl Longwood, FL 5
    • 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,738 Sqft ∙ Built 1987
    LEASED 10/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.04
    •  
PROPERTY LISTING DETAILS
Veronica Figueroa
1.407.329.9500
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5932677
Last Updated: 03/26/2021
BESbswy