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14420 Quail Trail Ct Orlando, FL 32837

3 Beds 3 Baths 1,845 sqft Built 1991

$339,900

List Price

$1,980

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $184.23
  • 3 Days on Market
  • MLS # : O5929496
  • Updated Date : 03/13/2021 at 19:42
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,845 sqft
  • Baths : 2 full , 1 half
Listing Agent

Mainframe Real Estate

Listing Agent's Description

Pack the bathing suits and goggles! This lovingly cared for and well-maintained POOL HOME is ready for new owners! Located in the popular Quail Lake section of Hunter’s Creek, this UPDATED beauty boasts an OPEN FLOOR PLAN, soaring ceilings, a REMODELED KITCHEN with eat-in nook, a super-sized gathering room for your dining room table and lounging couches plus a DOWNSTAIRS Owner’s Suite. The Kitchen features gorgeous granite counter tops, custom crafted cabinets (built in pantry), includes all stainless appliances (REFRIGERATOR new in 2017) and is accessible to the Dining Room via a pass-through / serving bar. The owner’s suite has porcelain floors that look like wood (added in 2018) and the owner’s bathroom has upgraded cabinetry & hosts double sinks, a fully tiled shower and walk-in closet. A guest half bathroom downstairs = at powder room you can keep clean! The upstairs offers two additional bedrooms, a 2nd full bathroom and a large, open loft - ideal for a playroom or home office. Don’t miss the window seat in the upstairs bedroom as it’s the perfect spot for reading in the afternoon sunlight. Two French doors welcome you to the backyard, which is fully fenced (NEW IN 2020) so that your four legged friends can have roam to run! The pool deck has brick pavers and the pool cage has recently been re-screened (2021). The easy-to-maintain tile floors on the main level are a favorite with pet lovers and allergy prone buyers & the carpeting on the stairs & 2nd floor was replaced in 2019. The outside curb appeal is BEAUTIFUL as recent improvements include: exterior lighting fixtures, stucco added on 2nd story to replace prior wood (2020), NEWLY PAINTED (also in 2020) and the ROOF is less than. 2 years new! Hunter’s Creek is a master planned community with parks, walking trails and a public pool too. Convenient to the Hunter’s Creek Golf Club & 417, you can enjoy your weeks chasing a golf ball, lounging by the pool or using your Florida resident passes at the theme parks! ONE YEAR HOME WARRANTY included.

SEE MORE

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: Hunters Creek

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340kPrice in $105k353k

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

Neighborhood: Hunters Creek

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2110012001300140015001600170018001900200021002200Rent in $10282269

* 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
Endeavor Elementary School Primary Regular 653 40 6
Hunters Creek Middle School Middle Regular 1,060 57 6
Freedom High School High Regular 3,281 149 6

Endeavor Elementary School

  • Education Level: Primary
  • # of students: 653
  • # of teachers: 40
6
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
 

$305,910$373,890$339,900

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,181
Property Tax -$380
Property Insurance -$146
HOA -$71
Property Management Fees -$129
CASH FLOW
$73

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.

$339,900

PROJECTED PRICE

$1,980

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.8%
Maintenance Year (1-5) 8.00%
Vacancy 6.01%
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$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$95,824

INVESTMENT

$95,824

Down Payment
$84,975
Rehab Estimate
$5,750
Closing Costs
$5,099

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $84,975
Loan Amount $254,925
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$22,803

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $1.07

    LIST RENT PER SQFT
  • $1,808

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7003$1,8994$1,9505$1,980
$1,980
RENT COMPS ANALYSIS
  • 14420 Quail Trail Ct Orlando, FL 5
    • 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 1991 3 beds 3 baths ∙ 1,845 Sqft ∙ Built 1991
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $1.07
    •  
  • 14424 Quail Trail Ct Orlando, FL 1
    • 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1991 3 beds 2 baths ∙ 2,016 Sqft ∙ Built 1991
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.84
    •  
  • 13738 Ridgetop Rd Orlando, FL 2
    • 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,700 Sqft ∙ Built 2000
    property image
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.00
    •  
  • 14303 Windchime Ln Orlando, FL 3
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 1990
    property image
    LEASED 12/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,899
    • $1.04
    •  
  • 13815 Boros St Orlando, FL 4
    • 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,870 Sqft ∙ Built 1996
    property image
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.04
    •  
PROPERTY LISTING DETAILS
Lashawn Norden
1.321.377.0157
Mainframe Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5929496
Last Updated: 03/13/2021
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