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4941 Vista Lago Dr Orlando, FL 32811

4 Beds 2 Baths 1,241 sqft Built 2001

$215,000

List Price

$1,200

$1.1K - $1.3K

Rent Est.

PROPERTY INFO

February 10, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2001
  • Price/Sqft : $173.25
  • 6 Days on Market
  • MLS # : O5922739
  • Updated Date : 02/12/2021 at 08:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,241 sqft
  • Baths : 2 full
Listing Agent

Ameriteam Realty Inc

Listing Agent's Description

This charming home is located in the sought after Vista Lago Community and is ready for it's new owners. This beautiful, upgraded home features 4 bedrooms, 2 full bathrooms, and a 1 car garage. As you walk into the home you are greeted by the living and dining rooms. The newly renovated kitchen includes brand-new stainless steel appliances, granite counters, and wood cabinets. Recent upgrades also include a new roof, which was replaced in 2018. The AC and Hot water heater was replaced in 2017. No carpet and no rear neighbors. Vista Lago is centrally located, with easy access to Interstate 4, the FL turnpike, and the 408. Restaurants, grocery stores, malls, beaches, and theme parks are some of the conveniences you'll find just minutes away. Don't miss this opportunity to own this amazing home.

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MARKET HIGHLIGHTS

  • 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.
  • 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)

PRICE & RENT TRENDS

Neighborhood: Timberleaf

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $55k253k

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

Neighborhood: Timberleaf

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8341712

* 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
Orlo Vista Elementary School Primary Regular 604 38 3
Carver Middle School Middle Magnet 719 44 1
Jones High School High Magnet 1,041 55 3

Orlo Vista Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 38
3
GreatSchools Rating

Carver Middle School

  • Education Level: Middle
  • # of students: 719
  • # of teachers: 44
1
GreatSchools Rating

Jones High School

  • Education Level: High
  • # of students: 1,041
  • # of teachers: 55
3
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,080$1,320$1,200

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,200
EXPENSES Loan Payment -$747
Property Tax -$271
Property Insurance -$110
HOA -$22
Property Management Fees -$129
CASH FLOW
-$79

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.

$215,000

PROJECTED PRICE

$1,200

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.01%
Appreciation Year (1-5) 11.0%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k

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$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

3.17

YEARS SAVED

$5,241

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,200

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,188

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$950
1$9502$1,2003$1,2884$1,3955$1,475
$1,475
RENT COMPS ANALYSIS
  • 4941 Vista Lago Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 1,241 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,241 Sqft ∙ Built 2001
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.97
    •  
  • 780 Palmera St Orlando, FL 1
    • 4 beds 2 baths ∙ 1,228 Sqft ∙ Built 2003 4 beds 2 baths ∙ 1,228 Sqft ∙ Built 2003
    property image
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $950
    • $0.77
    •  
  • 332 Dover St Orlando, FL 3
    • 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,281 Sqft ∙ Built 2005
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,288
    • $1.01
    •  
  • 416 Hope Cir Orlando, FL 4
    • 4 beds 2 baths ∙ 1,396 Sqft ∙ Built 2002 4 beds 2 baths ∙ 1,396 Sqft ∙ Built 2002
    property image
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.00
    •  
  • 5455 Cedar Ln Orlando, FL 5
    • 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,408 Sqft ∙ Built 1998
    property image
    LEASED 10/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $1.05
    •  
PROPERTY LISTING DETAILS
Jenaia Fowlkes
1.407.361.2052
Ameriteam Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5922739
Last Updated: 02/12/2021
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