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4944 Fiske Cir Orlando, FL 32826

4 Beds 3 Baths 2,208 sqft Built 2003

$290,000

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

80% chance this property will be sold within the next 20 days HOT INVESTMENT
November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $131.34
  • 3 Days on Market
  • MLS # : O5908480
  • Updated Date : 11/28/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,208 sqft
  • Baths : 2 full , 1 half
Listing Agent

Exp Realty Llc

Listing Agent's Description

Welcome to your new home or next investment property! Upon entry you are embraced with natural lighting from the high vaulted ceilings and large windows. Get creative cooking in the chef's kitchen that includes plenty of counter and cabinet space, a huge island, and an eat-in space. Sit and relax in this spacious living room that features large picturesque windows. This home also features a large screened porch where you can sit and enjoy a nice cup of coffee and enjoy the outdoors. The backyard is large enough to truly make it the yard of your dreams! Come and see what this great home in Stonemeade has to offer today! Currently leased until 6/2021.

SEE MORE

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: 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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,746$2,134$1,940

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,940
EXPENSES Loan Payment -$1,070
Property Tax -$345
Property Insurance -$168
HOA -$43
Property Management Fees -$175
CASH FLOW
$139

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.

$290,000

PROJECTED PRICE

$1,940

PROJECTED RENT

0.67%

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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

6.92

YEARS SAVED

$28,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,940

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $2,059

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,844
1$1,8442$1,9403$2,1004$2,1505$2,300
$2,300
RENT COMPS ANALYSIS
  • 4944 Fiske Cir Orlando, FL 2
    • 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,208 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.88
    •  
  • 4725 Willamette Cir Orlando, FL 1
    • 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,272 Sqft ∙ Built 2002
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,844
    • $0.81
    •  
  • 4774 Fiske Cir Orlando, FL 3
    • 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,224 Sqft ∙ Built 2002
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.94
    •  
  • 14991 Faversham Cir Orlando, FL 4
    • 4 beds 2 baths ∙ 2,259 Sqft ∙ Built 1993 4 beds 2 baths ∙ 2,259 Sqft ∙ Built 1993
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.95
    •  
  • 4554 Willamette Cir Orlando, FL 5
    • 5 beds 3 baths ∙ 2,224 Sqft ∙ Built 2002 5 beds 3 baths ∙ 2,224 Sqft ∙ Built 2002
    LEASED 06/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $1.03
    •  
PROPERTY LISTING DETAILS
Veronica Figueroa
1.407.329.9500
Exp Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5908480
Last Updated: 11/28/2020
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