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11231 Hudson Hills Ln Riverview, FL 33579

4 Beds 3 Baths 2,463 sqft Built 2019

$285,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

Built 2019 NEW CONSTRUCTION
December 05, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2019
  • Price/Sqft : $115.71
  • 3 Days on Market
  • MLS # : T3279259
  • Updated Date : 12/05/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,463 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Nearly new home, conveniently located to 301 and brand new Sumner High School! This four bedroom, 2.5 bath single family home features a fully fenced backyard, large loft, and downstairs flex space. Just through the front door is a half bath to the right and to the left is a spacious office area/bonus space with French double doors. The layout in the great room is perfect for entertaining with a combined kitchen, dining, and living area. White cabinets, stone counter tops, and a white subway tile backsplash give a modern neutral look and the counter-height breakfast bar contributes to the open concept. Expansive eat-in and seating areas lend ample space for guests and overlook the fenced backyard. Upstairs is an open loft and across from the stairs is a large secondary bedroom. Down the hall are two more generously sized bedrooms, a laundry room, and additional bathroom. Double doors to the owner's suite greet you at the end of the hall. Two master closets provide plenty of storage and the en-suite bath is spacious with a sizeable walk-in shower, dual sinks, and private water closet. At nearly 2500 square feet, this home is move-in ready with room to customize. Don't miss out, arrange your showing today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Zip Code: 33579

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 33579

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Summerfield Crossings Elementary School Primary Regular 915 62 3
Eisenhower Middle School Middle Regular 1,282 86 4
East Bay High School High Regular 2,330 126 4

Summerfield Crossings Elementary School

  • Education Level: Primary
  • # of students: 915
  • # of teachers: 62
3
GreatSchools Rating

Eisenhower Middle School

  • Education Level: Middle
  • # of students: 1,282
  • # of teachers: 86
4
GreatSchools Rating

East Bay High School

  • Education Level: High
  • # of students: 2,330
  • # of teachers: 126
4
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,052
Property Tax -$393
Property Insurance -$180
HOA -$6
Property Management Fees -$129
CASH FLOW
-$178

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 8% of earned rent to cover both maintenance and periods of vacancy.

$285,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.8%
Maintenance Year (1-5) 3.00%
Vacancy 5.26%
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-$4.0k-$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$77,525

INVESTMENT

$77,525

Down Payment
$71,250
Rehab Estimate
$2,000
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

3.33

YEARS SAVED

$9,219

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.64

    LIST RENT PER SQFT
  • $1,743

    COMP ESTIMATED VALUE
  • $0.71

    COMP AVG. RENT PER SQFT
Comps Range
$1,580
1$1,5802$1,6953$1,7754$1,7955$1,800
$1,800
RENT COMPS ANALYSIS
  • 11231 Hudson Hills Ln Riverview, FL 1
    • 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2019 4 beds 3 baths ∙ 2,463 Sqft ∙ Built 2019
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.64
    •  
  • 10717 Shady Preserve Dr Riverview, FL 2
    • 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2008 4 beds 3 baths ∙ 2,280 Sqft ∙ Built 2008
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.74
    •  
  • 10645 Standing Stone Dr Wimauma, FL 3
    • 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2016 4 beds 3 baths ∙ 2,633 Sqft ∙ Built 2016
    LEASED 12/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.67
    •  
  • 10836 Standing Stone Dr Riverview, FL 4
    • 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 2012 4 beds 3 baths ∙ 2,482 Sqft ∙ Built 2012
    LEASED 02/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.72
    •  
  • 11043 Little Blue Heron Dr Riverview, FL 5
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 2015
    LEASED 02/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.70
    •  
PROPERTY LISTING DETAILS
Iris Green
1.813.312.6676
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279259
Last Updated: 12/05/2020
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