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10918 Claverton Ave Hudson, FL 34667

3 Beds 2 Baths 1,495 sqft Built 1994

$240,000

List Price

$1,340

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1994
  • Price/Sqft : $160.54
  • 3 Days on Market
  • MLS # : W7828234
  • Updated Date : 11/07/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,495 sqft
  • Baths : 2 full
Listing Agent

Florida Luxury Realty Inc

Listing Agent's Description

WELL MAINTAINED - BRAND NEW ROOF - This extremely clean, 3/2/2 has been meticulously maintained. A new roof will be installed this month prior to a final sale. The home is spacious, has an open concept, Granite countertops and Tile Floors thru-out. It is freshly painted and beautifully landscaped. The large back porch is perfect for your morning cup of coffee or evening glass of wine. The fenced yard is perfect for your furry family member. The listing agent will be happy to set up a showing anytime.

SEE MORE

MARKET HIGHLIGHTS

  • 2nd Best City for Young Entrepreneurs (Forbes)
  • Florida state ranks 4th most favorable in the country in State Business Tax Climate Index (Tax Foundation, 2019). Tampa inherits the rank being part of Florida.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
  • Headquarters to several Fortune 1000 companies: Publix Super Markets, Tech Data, Jabil Circuit, WellCare Health Plans, Raymond James Financial, Bloomin’ Brands, HSN, and TECO Energy (Fortune, 2018)
  • #8 in America's Fastest Growing Cities (Forbes, 2018)
  • Tampa metro employment growth is at 2.6% and predicted to grow at 2.1% in 2019 (USMayors.org, 2018)
  • One of the best cost-friendly American cities to do business (KPMG)
  • Tampa metro contributes to 15.4% of Florida state economy i.e. Gross State Product (USMayors.org, 2018)
  • #2 in Homebuilding Prospects #10 in Overall Real Estate Prospects (Emerging Trends in Real Estate 2019, PWC)

PRICE & RENT TRENDS

Neighborhood: Arlington Woods

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Arlington Woods

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7391590

* 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
Shady Hills Elementary School Primary Regular 6
Crews Lake Middle School Middle Regular 1,201 85 5
Hudson High School High Regular 1,267 82 5

Shady Hills Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
6
GreatSchools Rating

Crews Lake Middle School

  • Education Level: Middle
  • # of students: 1,201
  • # of teachers: 85
5
GreatSchools Rating

Hudson High School

  • Education Level: High
  • # of students: 1,267
  • # of teachers: 82
5
GreatSchools Rating
 

$216,000$264,000$240,000

PURCHASE PRICE

$1,206$1,474$1,340

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,340
EXPENSES Loan Payment -$886
Property Tax -$269
Property Insurance -$123
HOA -$10
Property Management Fees -$80
CASH FLOW
-$28

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 13% of earned rent to cover both maintenance and periods of vacancy.

$240,000

PROJECTED PRICE

$1,340

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 8.1%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
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$8.0k$10k

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$69,350

INVESTMENT

$69,350

Down Payment
$60,000
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$886

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,000
Loan Amount $180,000
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$16,375

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,340

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,326

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,340
1$1,3402$1,4003$1,4004$1,400
$1,400
RENT COMPS ANALYSIS
  • 10918 Claverton Ave Hudson, FL 1
    • 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,495 Sqft ∙ Built 1994
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,340
    • $0.90
    •  
  • 10924 Rossiter Ave Hudson, FL 2
    • 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,566 Sqft ∙ Built 1996
    property image
    LEASED 06/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.89
    •  
  • 18847 Parade Rd Hudson, FL 3
    • 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,603 Sqft ∙ Built 1990
    property image
    LEASED 08/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.87
    •  
  • 10344 Countrywood Ln Hudson, FL 4
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1995
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
PROPERTY LISTING DETAILS
Mari Davis, Pa
1.727.514.0283
Florida Luxury Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828234
Last Updated: 11/07/2020
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