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14604 Keelford Way Orlando, FL 32824

4 Beds 2 Baths 1,773 sqft Built 2011

$320,000

List Price

$1,720

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

October 31, 2020 RECENTLY ADDED
FACTS
  • Built In 2011
  • Price/Sqft : $180.49
  • 4 Days on Market
  • MLS # : O5901801
  • Updated Date : 10/31/2020 at 18:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,773 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty Cs

Listing Agent's Description

BEAUTIFUL HOME WITH CORNER LOT IN MORGAN POINTE @ WYNDHAM LAKES ESTATES! Gorgeous Home Features 4 Bedrooms, 2 Bathrooms, 2 Car Garage, 4 Camera System Controlled with Google Assistant that Also Controls Lights, Garage Door and Outdoor LED Lights. Motion Sensor Lights, Keyless Front Door Lock, Laundry Room with Samsung Large Capacity Washer and Dryer, Granite Countertops in Kitchen with Seating Area, High Ceilings, Blinds on Windows, Central A/C and Heat, 5 Zone Sprinkler System, Superb Paved Patio with Professional Custom Designed Pressure Treated Pergola. All Patio Furniture Included Along with 2 Grills! (Griddle and BBQ) All Appliances Included! Community Amenities Include a Fitness Center, Large Clubhouse with Banquet Hall, Swimming Pool, Tennis and Basketball Courts. Minutes from Orlando International Airport, Lake Nona, UCF Medical Campus, Major Highways, Disney World, Universal Studios, Shopping, Schools and Much More!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

PRICE & RENT TRENDS

Neighborhood: Wyndham Lakes Estates

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260k280k300k320kPrice in $105k321k

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

Neighborhood: Wyndham Lakes Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q21100120013001400150016001700180019002000Rent in $10282074

* 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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,548$1,892$1,720

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,720
EXPENSES Loan Payment -$1,181
Property Tax -$358
Property Insurance -$142
HOA -$100
Property Management Fees -$155
CASH FLOW
-$215

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.

$320,000

PROJECTED PRICE

$1,720

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.21%
Appreciation Year (1-5) 4.2%
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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$6.0k-$4.0k-$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$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 65% down payment or higher enables the proceeds from the asset to cover all costs.

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

1.17

YEARS SAVED

$2,104

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,720

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,831

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,720
1$1,7202$1,8503$1,8504$1,9505$2,150
$2,150
RENT COMPS ANALYSIS
  • 14604 Keelford Way Orlando, FL 1
    • 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 2011 4 beds 2 baths ∙ 1,773 Sqft ∙ Built 2011
    • Rent
    • Rent Per SQFT
    •  
    • $1,720
    • $0.97
    •  
  • 14545 Cedar Branch Way Orlando, FL 2
    • 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2005 4 beds 2 baths ∙ 1,960 Sqft ∙ Built 2005
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.94
    •  
  • 14956 Braywood Trl Orlando, FL 3
    • 4 beds 3 baths ∙ 1,891 Sqft ∙ Built 2007 4 beds 3 baths ∙ 1,891 Sqft ∙ Built 2007
    LEASED 10/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.98
    •  
  • 14754 Keelford Way Orlando, FL 4
    • 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 2007 4 beds 2 baths ∙ 1,755 Sqft ∙ Built 2007
    LEASED 07/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.11
    •  
  • 12267 Northover Loop Orlando, FL 5
    • 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 2019 4 beds 2 baths ∙ 1,947 Sqft ∙ Built 2019
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $1.10
    •  
PROPERTY LISTING DETAILS
Suzanne Docobo
1.954.304.4932
Keller Williams Realty Cs
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: O5901801
Last Updated: 10/31/2020
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