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

4941 Terra Vista Way Orlando, FL 32837

5 Beds 3 Baths 2,812 sqft Built 2002

$489,000

List Price

$2,360

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2002
  • Price/Sqft : $173.90
  • 4 Days on Market
  • MLS # : O5924545
  • Updated Date : 02/19/2021 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,812 sqft
  • Baths : 2 full , 1 half
Listing Agent

Florida Connexion Properties

Listing Agent's Description

Location, location, Location, that beautiful property in Hunter Creek community, Great schools. that two-story home, Master its located on UPSTAIRS, 5 bedroom, 2.5 bathroom, 2 car garage, hugh POOL and large backyard home. NEW ROOF on 2020 AND new downstairs A/C 2019.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Hunters Vista

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360k380k400kPrice in $105k408k

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

Neighborhood: Hunters Vista

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10292281

* 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
West Creek Elementary School Primary Regular 712 51 7
Hunters Creek Middle School Middle Regular 1,060 57 6
Freedom High School High Regular 3,281 149 6

West Creek Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 51
7
GreatSchools Rating

Hunters Creek Middle School

  • Education Level: Middle
  • # of students: 1,060
  • # of teachers: 57
6
GreatSchools Rating

Freedom High School

  • Education Level: High
  • # of students: 3,281
  • # of teachers: 149
6
GreatSchools Rating
 

$440,100$537,900$489,000

PURCHASE PRICE

$2,124$2,596$2,360

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,360
EXPENSES Loan Payment -$1,698
Property Tax -$547
Property Insurance -$204
HOA -$80
Property Management Fees -$129
CASH FLOW
-$299

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.

$489,000

PROJECTED PRICE

$2,360

PROJECTED RENT

0.48%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 3.4%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k

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$135,335

INVESTMENT

$135,335

Down Payment
$122,250
Rehab Estimate
$5,750
Closing Costs
$7,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,698

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $122,250
Loan Amount $366,750
See What Happens When You Reinvest Cash Flow

2.33

YEARS SAVED

$7,897

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,360

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $2,334

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$2,199
1$2,1992$2,2003$2,2004$2,3605$2,400
$2,400
RENT COMPS ANALYSIS
  • 4941 Terra Vista Way Orlando, FL 4
    • 5 beds 3 baths ∙ 2,812 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,812 Sqft ∙ Built 2002
    • Rent
    • Rent Per SQFT
    •  
    • $2,360
    • $0.84
    •  
  • 14438 Estrella Dr Orlando, FL 1
    • 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,616 Sqft ∙ Built 2002
    LEASED 04/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $0.84
    •  
  • 5502 San Gabriel Way Orlando, FL 2
    • 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2001 4 beds 3 baths ∙ 2,689 Sqft ∙ Built 2001
    LEASED 05/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.82
    •  
  • 5619 Los Palma Vista Dr Orlando, FL 3
    • 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,749 Sqft ∙ Built 2002
    LEASED 12/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,200
    • $0.80
    •  
  • 5215 Los Palma Vista Dr Orlando, FL 5
    • 5 beds 3 baths ∙ 2,784 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,784 Sqft ∙ Built 2002
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
PROPERTY LISTING DETAILS
Eduardo Pavone
1.407.232.1241
Florida Connexion Properties
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5924545
Last Updated: 02/19/2021
BESbswy