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

11809 Prologue Ave Orlando, FL 32832

5 Beds 3 Baths 2,638 sqft Built 2019

$390,000

List Price

$2,580

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
November 26, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $147.84
  • 5 Days on Market
  • MLS # : S5043244
  • Updated Date : 11/26/2020 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,638 sqft
  • Baths : 3 full
Listing Agent

Roman's Pro Realty Llc

Listing Agent's Description

Welcome to Orlando's premier community Storey Park! This charming 5 bedroom, 3 bath smart home sits on an oversized picturesque lot with mature manicured landscaping, with a rear four-car wide paver stone driveway. A welcoming front porch that invites you into this two-story home. A dining room, guest room, full bathroom, laundry room, and breakfast knock, as a complement to the inviting great room, features sliding glass doors to a serene and peaceful covered rear porch. The cook in you will enjoy the stylish and spacious gourmet kitchen with an oversized island, gorgeous gleaming backsplash, and white cabinetry with easy access to the dining area overlooking the great room. Flex/Bonus Room downstairs that is currently being used as an office. The upstairs master bedroom suite offers a generous sized ceramic tiled master bath with a water closet, dual sinks, soaking tub, separate shower, and an abundant sized walk-in closet that will fill all of your storage needs. Three additional generous sized upstairs bedrooms, a full bathroom in this airy floor plan. Neutral colors throughout enhance the architectural features of this lovely home. Step outdoors to the irrigated landscaping. Amenities galore await the new homeowner in this sought after community in Orlando. Resort Style Clubhouse featuring: swimming pool, splash pad, tennis court, picnic areas, fitness center, and playground. The community also features trails, green spaces, and dog parks. Located just minutes to Lake Nona with access to restaurants, shopping, Medical City, Boxi Park, Orlando International Airport, Theme Parks and so much more. Internet and cable included in HOA and solar panels (leased) reduce the electrical bill. Call today and schedule a private viewing of this pristine, immaculate home. When only the best will do!

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Storey Park

ZipNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380kPrice in $105k385k

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

Neighborhood: Storey Park

ZipNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292276

* 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
Moss Park Elementary School Primary Regular 1,318 96 8
Cornerstone Charter Academy K-8 Middle Charter 933 52 7
Cornerstone Charter Academy High School High Charter 372 21 7

Moss Park Elementary School

  • Education Level: Primary
  • # of students: 1,318
  • # of teachers: 96
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
 

$351,000$429,000$390,000

PURCHASE PRICE

$2,322$2,838$2,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,580
EXPENSES Loan Payment -$1,439
Property Tax -$492
Property Insurance -$194
HOA -$125
Property Management Fees -$232
CASH FLOW
$98

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.

$390,000

PROJECTED PRICE

$2,580

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 5.5%
Maintenance Year (1-5) 3.00%
Vacancy 5.99%
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$16k

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$105,350

INVESTMENT

$105,350

Down Payment
$97,500
Rehab Estimate
$2,000
Closing Costs
$5,850

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,439

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $97,500
Loan Amount $292,500
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$29,066

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,580

    LIST RENT
  • $0.98

    LIST RENT PER SQFT
  • $2,585

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$2,400
1$2,4002$2,4003$2,5004$2,5805$2,600
$2,600
RENT COMPS ANALYSIS
  • 11809 Prologue Ave Orlando, FL 4
    • 5 beds 3 baths ∙ 2,638 Sqft ∙ Built 2019 5 beds 3 baths ∙ 2,638 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $2,580
    • $0.98
    •  
  • 11860 Story Time Dr Orlando, FL 1
    • 6 beds 3 baths ∙ 2,727 Sqft ∙ Built 2017 6 beds 3 baths ∙ 2,727 Sqft ∙ Built 2017
    LEASED 07/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.88
    •  
  • 11902 Philosophy Way Orlando, FL 2
    • 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,455 Sqft ∙ Built 2018
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.98
    •  
  • 11924 Story Time Dr Orlando, FL 3
    • 5 beds 3 baths ∙ 2,461 Sqft ∙ Built 2018 5 beds 3 baths ∙ 2,461 Sqft ∙ Built 2018
    LEASED 04/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $1.02
    •  
  • 11932 Story Time Dr Orlando, FL 5
    • 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 2019 4 beds 4 baths ∙ 2,507 Sqft ∙ Built 2019
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,600
    • $1.04
    •  
PROPERTY LISTING DETAILS
Victor Arroyo Lopez
1.786.762.8839
Roman's Pro Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: S5043244
Last Updated: 11/26/2020
BESbswy