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14550 Saint Georges Hill Dr Orlando, FL 32828

4 Beds 2 Baths 2,032 sqft Built 1999

$312,900

List Price

$1,940

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

January 02, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $153.99
  • 2 Days on Market
  • MLS # : O5914235
  • Updated Date : 01/03/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,032 sqft
  • Baths : 2 full
Listing Agent

Redfin Corporation

Listing Agent's Description

Huge Backyard! Located in the guard-gated community of The Preserve at Eastwood, this beautiful home is ready to nurture someone new. The floor plan provides 4 bedrooms, 2 baths, 2-car garage, living room/dining room combo, and a separate great room that holds the family room, dinette & open kitchen w/ island, large pantry & kitchen appliance package. The primary bedroom conveniently adjoins with one of the secondary bedrooms, allowing multipurpose use, and the ensuite bathroom offers a garden tub, separate shower stall, dual vanities/sinks and a private water closet. The floors in this property consist of tile and wood laminate - no carpet - and natural light flows throughout the home, highlighting every space beautifully. Large sliding glass doors in the family room lead out to an 11' X 15' screen-enclosed porch w/ breezy ceiling fan for comfort. This outdoor space faces a huge, fenced backyard that backs up to the community's cinderblock wall for ultimate privacy. The Preserve at Eastwood is tucked away behind a guard-gated entrance and shares a multitude of recreational amenities with the added convenience of RV storage, cable/internet service, and a location near everything you need. Your home sweet home is waiting. Make it yours, today!

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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: Kensington at Eastwood

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320k340k360kPrice in $105k380k

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

Neighborhood: Kensington at Eastwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10292089

* 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
Timber Creek High School High Regular 3,132 161 8

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

Timber Creek High School

  • Education Level: High
  • # of students: 3,132
  • # of teachers: 161
8
GreatSchools Rating
 

$281,610$344,190$312,900

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 -$1,154
Property Tax -$356
Property Insurance -$158
HOA -$175
Property Management Fees -$129
CASH FLOW
-$32

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.

$312,900

PROJECTED PRICE

$1,940

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.63%
Appreciation Year (1-5) 6.1%
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-$4.0k-$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$88,669

INVESTMENT

$88,669

Down Payment
$78,225
Rehab Estimate
$5,750
Closing Costs
$4,694

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,154

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,225
Loan Amount $234,675
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$17,466

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
  • $0.95

    LIST RENT PER SQFT
  • $1,935

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,9403$1,9504$1,9955$2,199
$2,199
RENT COMPS ANALYSIS
  • 14550 Saint Georges Hill Dr Orlando, FL 2
    • 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 1999 4 beds 2 baths ∙ 2,032 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $1,940
    • $0.95
    •  
  • 14709 Chadbury Ct Orlando, FL 1
    • 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2003 4 beds 3 baths ∙ 2,092 Sqft ∙ Built 2003
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.84
    •  
  • 14413 Addington Ct Orlando, FL 3
    • 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1998 4 beds 3 baths ∙ 2,044 Sqft ∙ Built 1998
    LEASED 12/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.95
    •  
  • 14538 Saint Georges Hill Dr Orlando, FL 4
    • 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,952 Sqft ∙ Built 1999
    LEASED 11/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $1.02
    •  
  • 14775 Hartford Run Dr Orlando, FL 5
    • 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2001 3 beds 3 baths ∙ 2,201 Sqft ∙ Built 2001
    LEASED 09/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,199
    • $1.00
    •  
PROPERTY LISTING DETAILS
Juan Castro
1.407.808.5353
Redfin Corporation
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5914235
Last Updated: 01/03/2021
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