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

4045 Prairie Reserve Blvd Orlando, FL 32824

4 Beds 3 Baths 2,672 sqft Built 2015

$379,000

List Price

$2,190

$2K - $2.4K

Rent Est.

PROPERTY INFO

November 20, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2015
  • Price/Sqft : $141.84
  • 3 Days on Market
  • MLS # : O5907365
  • Updated Date : 11/21/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,672 sqft
  • Baths : 3 full
Listing Agent

Vista Homes Realty Llc

Listing Agent's Description

Situated on a corner lot in the Reserve at Sawgrass this beautiful four bedroom three bath home boasts 2,592 square feet of open floor plan, a large fenced in back yard, and walking distance to community pool, soccer field, and playground. As we step inside we are greeted with the perfect guest suite to the left! This bedroom features a bright north-facing window and en suite bathroom. Through the entryway, you will find a generously sized formal dining room separated from the kitchen by a butler's pantry and deep walk-in storage pantry. The kitchen opens out to the family room and dining nook and features a massive chef's island with a built-in sink and breakfast bar. This space is bright and open with ample south-facing windows bringing in plenty of natural light. To the right of the family room, you will find two more bedrooms flanking a large bathroom with dual vanity sinks and the laundry unit with a built-in folding station. To the rear of the home, the master suite rests with beautiful tray ceilings and a stylish triple window set up for a bright and spacious feel. In the master bath, you will find a stand-in shower with tile flooring and a separate garden tub. The bathroom also features dual vanity sinks and a spacious water closet for privacy. Through the bathroom, you will find a spacious dressing room with ample space for storage. Through the glass doors in the family room, you will find the perfect situation for entertaining, a covered sitting area and screened-in dining area as well as an open porch space for grilling out and spending time with family and friends! This property is located close to local shopping centers and minutes away from the 417 ramps for quick access to all Orlando has to offer! For more information or to schedule a private showing call 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: Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280kPrice in $105k281k

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

Neighborhood: Meadow Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282094

* 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
 

$341,100$416,900$379,000

PURCHASE PRICE

$1,971$2,409$2,190

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,190
EXPENSES Loan Payment -$1,398
Property Tax -$424
Property Insurance -$196
HOA -$55
Property Management Fees -$197
CASH FLOW
-$80

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.

$379,000

PROJECTED PRICE

$2,190

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 7.9%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$106,185

INVESTMENT

$106,185

Down Payment
$94,750
Rehab Estimate
$5,750
Closing Costs
$5,685

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,398

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $94,750
Loan Amount $284,250
See What Happens When You Reinvest Cash Flow

3.08

YEARS SAVED

$11,601

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,190

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,184

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,950
1$1,9502$2,0003$2,1504$2,1905$2,200
$2,200
RENT COMPS ANALYSIS
  • 4045 Prairie Reserve Blvd Orlando, FL 4
    • 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,672 Sqft ∙ Built 2015
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,190
    • $0.82
    •  
  • 3803 Pine Gate Trl Orlando, FL 1
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2014
    property image
    LEASED 01/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.77
    •  
  • 12156 Alder Branch Loop Orlando, FL 2
    • 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,555 Sqft ∙ Built 2014
    property image
    LEASED 03/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
  • 2139 Rush Bay Way Orlando, FL 3
    • 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,380 Sqft ∙ Built 2019
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.90
    •  
  • 2337 Dammar St Orlando, FL 5
    • 4 beds 3 baths ∙ 2,671 Sqft ∙ Built 2018 4 beds 3 baths ∙ 2,671 Sqft ∙ Built 2018
    property image
    LEASED 05/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
PROPERTY LISTING DETAILS
Raul Otero, Jr
1.407.446.3582
Vista Homes Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5907365
Last Updated: 11/21/2020
BESbswy