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12501 Smokey Dr Hudson, FL 34669

3 Beds 2 Baths 1,615 sqft Built 1991

$215,000

List Price

$1,280

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 04, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $133.13
  • 4 Days on Market
  • MLS # : T3292727
  • Updated Date : 03/06/2021 at 15:34
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,615 sqft
  • Baths : 2 full
Listing Agent

Impact Realty Tampa Bay

Listing Agent's Description

Now is your chance to own one of the very first custom-built homes in Shadow Lakes! Very low annual HOA and No CDD! This home features a spacious open concept with a split floor plan. With three bedrooms and two full bathrooms, every room has custom pocket doors and the master bedroom has a walk-in closet. Another great feature is the high cathedral ceilings in the living room and dining room as well as tons of natural light throughout the house. There is a breakfast nook area on the other side of the kitchen and the laundry closet comes equipped with a washer and dryer. Berber carpet throughout the home that has just been professionally cleaned and tile in all of the wet areas. The roomy patio is ready to be enjoyed during our amazing Florida weather! Very close proximity to the Veteran’s Express Way. The seller is giving a $3,000.00 credit toward painting your home, so you may pick your own colors inside and out! The roof was replaced April-2012. Make an appointment to see this home today!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Shadow Lakes

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Shadow Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7301590

* 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
Moon Lake Elementary School Primary Regular 584 55 5
Crews Lake Middle School Middle Regular 1,201 85 5
Fivay High School High Regular 1,320 81 4

Moon Lake Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 55
5
GreatSchools Rating

Crews Lake Middle School

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

Fivay High School

  • Education Level: High
  • # of students: 1,320
  • # of teachers: 81
4
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,152$1,408$1,280

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,280
EXPENSES Loan Payment -$747
Property Tax -$241
Property Insurance -$130
HOA -$4
Property Management Fees -$129
CASH FLOW
$29

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.

$215,000

PROJECTED PRICE

$1,280

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 7.9%
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$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$747

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$17,026

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,280

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,409

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,280
1$1,2802$1,4253$1,4954$1,4955$1,500
$1,500
RENT COMPS ANALYSIS
  • 12501 Smokey Dr Hudson, FL 1
    • 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,615 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,280
    • $0.79
    •  
  • 11915 Colony Lakes Blvd New Port Richey, FL 2
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2006 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2006
    LEASED 03/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,425
    • $0.81
    •  
  • 12453 Snowman Ct New Port Richey, FL 3
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2003
    LEASED 05/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.96
    •  
  • 11902 Colony Lakes Blvd New Port Richey, FL 4
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 2007
    LEASED 01/13/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.84
    •  
  • 11858 Hunters Lake Dr New Port Richey, FL 5
    • 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,712 Sqft ∙ Built 1997
    LEASED 06/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.88
    •  
PROPERTY LISTING DETAILS
Rebel Taylor
1.813.802.6932
Impact Realty Tampa Bay
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292727
Last Updated: 03/06/2021
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