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12816 Payne Stewart Way Hudson, FL 34669

3 Beds 2 Baths 2,038 sqft Built 2010

$262,900

List Price

$1,610

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

January 29, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2010
  • Price/Sqft : $129.00
  • 3 Days on Market
  • MLS # : W7830333
  • Updated Date : 01/30/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,038 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

Charming 3 bedroom, 2 bath home in Hudson. Upon entering the home you are welcomed into a foyer and that opens to a formal living area, leading into the open kitchen/family room, complete with vaulted ceilings and beautiful flooring. The kitchen features ample cabinet and counter space, and stainless appliances. The primary bedroom has a large walk-in closet, and en suite bathroom with double vanity sinks, soaker tub and walk-in shower. Outside you can relax on your wonderful screened patio that overlooks the large backyard with a beautiful lake view. Located in Hudson, this home is close to shopping and restaurants, and the beautiful gulf beaches.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Reserve at Meadow Wood

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $72k244k

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

Neighborhood: Reserve at Meadow Wood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8121590

* 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
 

$236,610$289,190$262,900

PURCHASE PRICE

$1,449$1,771$1,610

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,610
EXPENSES Loan Payment -$913
Property Tax -$295
Property Insurance -$155
HOA -$109
Property Management Fees -$129
CASH FLOW
$9

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.

$262,900

PROJECTED PRICE

$1,610

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

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$75,419

INVESTMENT

$75,419

Down Payment
$65,725
Rehab Estimate
$5,750
Closing Costs
$3,944

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$913

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $65,725
Loan Amount $197,175
See What Happens When You Reinvest Cash Flow

6.25

YEARS SAVED

$18,611

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,610

    LIST RENT
  • $0.79

    LIST RENT PER SQFT
  • $1,722

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5503$1,5754$1,6105$1,850
$1,850
RENT COMPS ANALYSIS
  • 12816 Payne Stewart Way Hudson, FL 4
    • 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 2010 3 beds 2 baths ∙ 2,038 Sqft ∙ Built 2010
    • Rent
    • Rent Per SQFT
    •  
    • $1,610
    • $0.79
    •  
  • 13539 Old Florida Cir Hudson, FL 1
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2005
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.85
    •  
  • 13325 Wrenwood Cir Hudson, FL 2
    • 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 1999 3 beds 2 baths ∙ 2,057 Sqft ∙ Built 1999
    LEASED 08/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.75
    •  
  • 13814 Crater Cir Hudson, FL 3
    • 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 2016 3 beds 3 baths ∙ 1,810 Sqft ∙ Built 2016
    LEASED 07/09/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.87
    •  
  • 13919 Tensaw Dr Hudson, FL 5
    • 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2017 4 beds 3 baths ∙ 2,032 Sqft ∙ Built 2017
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.91
    •  
PROPERTY LISTING DETAILS
Joe Locicero
1.813.435.5411
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830333
Last Updated: 01/30/2021
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