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4449 Stone Meadow Dr Orlando, FL 32826

4 Beds 2 Baths 1,833 sqft Built 1999

$285,000

List Price

$1,820

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $155.48
  • 2 Days on Market
  • MLS # : O5906106
  • Updated Date : 11/15/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,833 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Advantage Realty

Listing Agent's Description

Experience TRANQUIL & EASY LIVING IN YOUR OWN PRIVATE PARADISE! This CONVENIENTLY located 4BR 2 BA, 2-Car Garage home has a NEWER ROOF (2016), NEWER 14-SEER A/C (2019) with WATER VIEW & CONSERVATION VIEWS and NO REAR NEIGHBORS! You won’t mind the LOW HOA FEES and the OVERSIZED 4TH Bedroom which easily doubles as a HOME OFFICE! Smartly designed with an OPEN and SPLIT FLOOR PLAN including VAULTED CEILINGS in the Living areas and the Master BR; beautifully arched entranceway & decorative glass front door. This hidden gem also features CEILING FANS THROUGHOUT, six-inch BASEBOARDS in common areas; A NEST THERMOSTAT, FIBER-OPTIC INTERNET CONNECTION, DECORATIVE SHELF/LEDGES and CHAIR RAILINGS in the GREAT ROOM & MASTER BEDROOM. Living areas feature LAMINATE WOOD AND TILE FLOORS. The UPDATED KITCHEN features GRANITE COUNTERS (2017), NEWER APPLIANCES, A BREAKFAST BAR, BREAKFAST NOOK and is open to the Family Rm where SLIDING DOORS beckon you to come out and relax and unwind on the LARGE, 24X12 SCREENED DECK with its refreshing breezes and its SPECTACULAR VIEW OF THE BACKYARD & POND (frequented by Herons, Ibis and Ducks)! The comfortable MASTER SUITE features a Walk-In Closet & an En-Suite BATH with GARDEN TUB & SEPARATE SHOWER. The 22x18 Garage features a WORK BENCH & additional cabinet space. A storage SHED in back is perfect for all your yard tools, machinery and bikes. Sturdy Concrete Block and Stucco Construction w/ Hardy board siding on the upper level. You’ll appreciate the mature landscaping, a SPRINKLER SYSTEM and hardy SEVILLE/ ST. AUGUSTINE GRASS. This lovely home is nestled in ASHINGTON PARK which is located close to SR 434 & SR 50, the 408, UCF/Addition Area, Spectrum Stadium, Seminole State College, Valencia College, the Research Park, Lockheed Martin, Siemens, the Little Econ Wilderness area and Waterford Lakes Town Center, for convenient commuting, recreation, shopping and dining. Welcome Home!

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: Stonemeade

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k331k

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

Neighborhood: Stonemeade

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9062089

* 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
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,638$2,002$1,820

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,820
EXPENSES Loan Payment -$1,052
Property Tax -$324
Property Insurance -$146
HOA -$43
Property Management Fees -$164
CASH FLOW
$92

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.

$285,000

PROJECTED PRICE

$1,820

PROJECTED RENT

0.64%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
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

PROJECTED ANNUAL CASH FLOW

11530-$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

6.17

YEARS SAVED

$23,868

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,820

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,700

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,599
1$1,5992$1,7003$1,7004$1,8205$1,869
$1,869
RENT COMPS ANALYSIS
  • 4449 Stone Meadow Dr Orlando, FL 4
    • 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,833 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,820
    • $0.99
    •  
  • 4442 Stone Meadow Dr Orlando, FL 1
    • 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,851 Sqft ∙ Built 1998
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,599
    • $0.86
    •  
  • 4831 Aguila Pl Orlando, FL 2
    • 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 2005
    LEASED 10/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 4825 Aguila Pl Orlando, FL 3
    • 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,819 Sqft ∙ Built 2005
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.93
    •  
  • 4542 Willamette Cir Orlando, FL 5
    • 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2002 3 beds 2 baths ∙ 1,882 Sqft ∙ Built 2002
    LEASED 10/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,869
    • $0.99
    •  
PROPERTY LISTING DETAILS
Diane Sterling
1.407.761.0512
Keller Williams Advantage Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5906106
Last Updated: 11/15/2020
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