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12824 Cedar Ridge Dr Hudson, FL 34669

3 Beds 2 Baths 1,428 sqft Built 1980

$160,000

List Price

$1,290

$1.2K - $1.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $112.04
  • 3 Days on Market
  • MLS # : T3294035
  • Updated Date : 03/13/2021 at 14:05
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,428 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tampa Prop.

Listing Agent's Description

Don't wait or it will be to late! This beautiful 3 bedroom 2 bathroom house located in the Shadow Ridge neighborhood is a must see. It has a great split floor plan and room for everyone. The living room/ dining room combo offers a great view of the back yard and also the stone fireplace, the large 3rd bedroom with amazing cathedral ceilings could also be used as game room or second entertaining space as it is located off the kitchen and also has a sliding glass door to the porch. The interior of the home is freshly painted and offers laminate flooring in the living room, dining room and 3rd bedroom. The A/C, Roof, water heater, exterior paint and double pane windows were all redone in 2006. The only thing that's missing is some TLC in the kitchen and bathrooms...and of course you! Located just a short distance to the Veterans Expressway, beaches and stores, this house is sure to go fast so make your appointment today. More pictures coming soon!

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 Ridge

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $49k238k

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

Neighborhood: Shadow Ridge

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2600700800900100011001200130014001500Rent in $5961590

* 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
 

$144,000$176,000$160,000

PURCHASE PRICE

$1,161$1,419$1,290

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,290
EXPENSES Loan Payment -$556
Property Tax -$179
Property Insurance -$119
Property Management Fees -$129
CASH FLOW
$307

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.

$160,000

PROJECTED PRICE

$1,290

PROJECTED RENT

0.81%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 13.9%
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$200k$400k$600k$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$48,150

INVESTMENT

$48,150

Down Payment
$40,000
Rehab Estimate
$5,750
Closing Costs
$2,400

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$556

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $40,000
Loan Amount $120,000
See What Happens When You Reinvest Cash Flow

14.5

YEARS SAVED

$37,680

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,290

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,382

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,200
1$1,2002$1,2903$1,3954$1,4005$1,400
$1,400
RENT COMPS ANALYSIS
  • 12824 Cedar Ridge Dr Hudson, FL 2
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1980
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,290
    • $0.90
    •  
  • 13123 Vivian Ln Hudson, FL 1
    • 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,208 Sqft ∙ Built 1989
    property image
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,200
    • $0.99
    •  
  • 12637 Blue Pine Cir Hudson, FL 3
    • 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,428 Sqft ∙ Built 1994
    property image
    LEASED 12/04/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $0.98
    •  
  • 12823 Walnut Tree Ln Hudson, FL 4
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1999
    property image
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.91
    •  
  • 13016 Titleist Dr Hudson, FL 5
    • 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,411 Sqft ∙ Built 1986
    property image
    LEASED 06/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.99
    •  
PROPERTY LISTING DETAILS
Jolene Shiner
1.727.238.2941
Keller Williams Tampa Prop.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3294035
Last Updated: 03/13/2021
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