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4928 Cedarstone Ln Orlando, FL 32822

4 Beds 3 Baths 2,450 sqft Built 1999

$329,900

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 23, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $134.65
  • 3 Days on Market
  • MLS # : O5918662
  • Updated Date : 01/23/2021 at 10:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,450 sqft
  • Baths : 3 full
Listing Agent

La Rosa Realty, Llc

Listing Agent's Description

Welcome to this recently updated 4 bedroom, 3 full bath home located in the welcoming community of Woodstone, just off Narcoossee Road, and minutes away from Vista Lakes, Lake Nona and the Orlando International Airport. Boasting 2,450 square feet of living space, this two-story home is one of the largest in the subdivision, and a most desirable floorplan. This family friendly home sits on an oversized, waterfront, fenced-in lot, and features vaulted ceilings, separate formal living and dining rooms, family room, fully equipped and updated eat-in kitchen (with breakfast bar opening to the family room), and even has a guest bedroom and full handicap accessible bathroom on the main floor. The chef in the family will enjoy the upgraded stainless steel appliance package, granite countertops, pantry closet, and cheerful breakfast nook that overlooks the stunning view of the lake and fountain in the backyard. The flooring throughout the home is also family and pet friendly and consists of “wood look” ceramic tile and laminate (no carpet). The generously sized Master Suite is upstairs and includes his and her closets, large walk-in shower, garden tub, dual sink vanity, linen closet and separate water closet. Two additional bedrooms, another full bathroom, and the laundry room (with washer and dryer included) complete the second floor. The entire interior was recently painted a neutral color, the roof was replaced in 2013, the A/C and water heater are 10 years old, and the HOA fees are only $325 annually!

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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: Woodstone

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240k260k280kPrice in $69k290k

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

Neighborhood: Woodstone

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
 

$296,910$362,890$329,900

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,146
Property Tax -$375
Property Insurance -$183
HOA -$27
Property Management Fees -$129
CASH FLOW
$40

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.

$329,900

PROJECTED PRICE

$1,900

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 10.3%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$93,174

INVESTMENT

$93,174

Down Payment
$82,475
Rehab Estimate
$5,750
Closing Costs
$4,949

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,146

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $82,475
Loan Amount $247,425
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$18,596

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $2,046

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,900
1$1,9002$1,9243$1,9984$2,1005$2,300
$2,300
RENT COMPS ANALYSIS
  • 4928 Cedarstone Ln Orlando, FL 1
    • 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,450 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.78
    •  
  • 6690 Lake Pembroke Pl Orlando, FL 2
    • 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,535 Sqft ∙ Built 2003
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,924
    • $0.76
    •  
  • 8337 Westcott Shore Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,247 Sqft ∙ Built 2002
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,998
    • $0.89
    •  
  • 8435 Port Lancashire Dr Orlando, FL 4
    • 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,645 Sqft ∙ Built 2003
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.79
    •  
  • 6835 Lake Carlisle Blvd Orlando, FL 5
    • 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2005 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 2005
    property image
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.90
    •  
PROPERTY LISTING DETAILS
Tracy Parsey
1.407.437.2283
La Rosa Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5918662
Last Updated: 01/23/2021
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