Orlando – Pristine 4 bed / 2 bath in Apopka $179,900

Have you every tried the Simply Orange brand of orange juice?  It’s processed in the Orlando suburb of Apopka.  We present you a 4 bed / 2 bath single family home that is been renovated to pristine condition.  The Apopka area is known for having a country feel and still just 30 minutes from Downtown Orlando.  Access to the city just became easier with the new 414-441 interchange just a couple miles from this property.

This home is also located just a mile from Zellwood Station Golf Club and is also just a mile from the Orlando-Apopka airport that is expected to bring many jobs to the area.

This home has been completely renovated to include new laminate floors throughout, new stainless appliance, interior and exterior paint, granite counter tops, new fixtures and more!

The details:

  • List price $179,900
  • Investor price $174,900
  • List price is $88 PSF
  • 4 bed / 2 bath / 2 car garage
  • 2039 SF
  • 2007 Construction
3855youthers 3855-1 3855-2 3855-3

 

The result:

Cash flow after PITI and Property Management expense (using $1275 rent):  ~$180

Estimated 1 year appreciation using 4.5% = $7425*

Year 1 ROI (net return after vacancy, maintenance, and all fixed costs + 4.5% growth) = 20%

*Orlando is estimated to have 10%+ appreciation in 2014 (sources: Local Market Monitor and Zillow)

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