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4517 Pageant Way Orlando, FL 32808

4 Beds 2 Baths 2,362 sqft Built 1979

$324,900

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $137.55
  • 82 Days on Market
  • MLS # : O5892442
  • Updated Date : 12/04/2020 at 17:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,362 sqft
  • Baths : 2 full
Listing Agent

Millennium Realty Center Llc

Listing Agent's Description

EXPECT TO BE IMPRESSED. This 4 bedrooms and 2 full bath spacious Pool home has a great curb appeal. A beautiful family room with chimney. Living and family room combo. Upgraded kitchen with granite counter tops and a dinette for the family to sit down and eat. Roof is only 3 year old. Upgraded toilets with new vanities. New flooring, new paint inside and out. Ceiling fan in all 4 bedrooms are new. 2 ACs. Large closed patio provide easy access to a nice private upgraded swimming pool where you can cool off during the hot sunny day or enjoy refreshing drink in the evening with your friends and family. The back back yard has some nice plants like mangos, avocados, sugar canes, green beans and more. This beautiful large will definitely take you to an atmosphere beyond belief while tending to your barbecue grill. Great location within minutes from downtown Orlando. I-4. Outlet malls and shopping center. All measurements are approximates so it is the the buyers and their realtor responsibility to verify the m if it's any concern to them. Thanks.

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MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Rosemont

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $60k253k

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

Neighborhood: Rosemont

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8951712

* 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
 

$292,410$357,390$324,900

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,199
Property Tax -$404
Property Insurance -$177
Property Management Fees -$129
CASH FLOW
-$279

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.

$324,900

PROJECTED PRICE

$1,630

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 8.4%
Maintenance Year (1-5) 8.00%
Vacancy 5.82%
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-$6.0k-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

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$91,849

INVESTMENT

$91,849

Down Payment
$81,225
Rehab Estimate
$5,750
Closing Costs
$4,874

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,225
Loan Amount $243,675
See What Happens When You Reinvest Cash Flow

1.33

YEARS SAVED

$2,299

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.69

    LIST RENT PER SQFT
  • $1,754

    COMP ESTIMATED VALUE
  • $0.74

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,6303$1,6504$1,6505$1,995
$1,995
RENT COMPS ANALYSIS
  • 4517 Pageant Way Orlando, FL 2
    • 4 beds 2 baths ∙ 2,362 Sqft ∙ Built 1979 4 beds 2 baths ∙ 2,362 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.69
    •  
  • 4072 Rose Petal Ln Orlando, FL 1
    • 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 1978 3 beds 2 baths ∙ 2,021 Sqft ∙ Built 1978
    LEASED 05/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.67
    •  
  • 4514 La Vista Dr Orlando, FL 3
    • 5 beds 2 baths ∙ 2,276 Sqft ∙ Built 1973 5 beds 2 baths ∙ 2,276 Sqft ∙ Built 1973
    LEASED 06/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.72
    •  
  • 4428 Baybreeze Rd Orlando, FL 4
    • 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1975 3 beds 3 baths ∙ 2,028 Sqft ∙ Built 1975
    LEASED 08/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.81
    •  
  • 4977 Lake Sparling Rd Orlando, FL 5
    • 5 beds 3 baths ∙ 2,578 Sqft ∙ Built 1971 5 beds 3 baths ∙ 2,578 Sqft ∙ Built 1971
    LEASED 04/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.77
    •  
PROPERTY LISTING DETAILS
Carole Filisaire
1.321.286.7455
Millennium Realty Center Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5892442
Last Updated: 12/04/2020
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