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PROPERTY INFO
FACTS
- Single Family
- Built In 1979
- Price/Sqft : $164.74
- 4 Days on Market
- MLS # : U8112968
- Updated Date : 02/12/2021 at 01:00
CONSTRUCTION
- Beds : 3
- Floor Size : 1,123 sqft
- Baths : 2 full
Listing Agent
Biltmore Group Inc
Listing Agent's Description
Say Home-sweet-home with No Flood Insurance, No CDD fees and L-O-W quarterly HOA fees in this quiet deed restricted community. Home is move-in ready with newer interior and exterior paint. This 3/2/2 large corner lot (just over a quarter of an acre) provides some privacy with landscape along with plenty of sidewalks. The development has ponds, bird sanctuaries and trees. Ceramic tile and commercial grade rubber-backed waterproof laminate flooring are throughout the bright house. A new electrical box was installed Feb 2020. New roof from 2016. Pest treatment in place. Commercial hot water heater with brass fittings installed in 2017. Newer kitchen appliances sit in a well lit kitchen with a big window to see out onto the lani. Use as a pass through window for entertaining. New exterior hardware emanates dawn to dusk bulbs ... never come home to a dark house. Enjoy peaceful days and nights in the newly screened lanai. Washer and Dryer convey in the oversize garage with lots of storage space. HVAC from 2003. Well pump for irrigation is new 2020. Enjoy the nearby clubhouse with the following amenities: pool, tennis courts, shuffleboard, handball and basketball courts. A Level II trauma hospital (home of the nationally acclaimed and recognized heart institute) is located in the city, along with a library, ample restaurants, shopping centers, grocery stores, department stores, marinas, beaches, walking / biking trails and breathtaking beautiful sunsets on the Gulf of Mexico. Get to the Suncoast Parkway in 15 minutes for FUN-FUN-FUN in Tampa (appx 30 minutes away and/or Orlando in under 2 hours). Enjoy larger living with less taxes in Pasco County. Come see this well maintained home today!
SEE MORE
- #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: Clayton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Clayton
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,190 |
| EXPENSES | Loan Payment | -$643 |
| Property Tax | -$207 | |
| Property Insurance | -$101 | |
| HOA | -$23 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$86
|
||
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.
$185,000
PROJECTED PRICE
$1,190
PROJECTED RENT
0.64%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$54,775
LOAN DETAILS
$643
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $46,250 |
| Loan Amount | $138,750 |
8.42
YEARS SAVED
$20,401
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,190
LIST RENT -
$1.06
LIST RENT PER SQFT
-
$1,160
COMP ESTIMATED VALUE -
$1.03
COMP AVG. RENT PER SQFT
Comps Range
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12904 Sunhill Cir Hudson, FL 2
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- $1,190
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12022 Chuck Cir Hudson, FL 1
- 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1983 3 beds 1 baths ∙ 1,040 Sqft ∙ Built 1983
LEASED 03/11/20- Rent
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- $1,050
- $1.01
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12401 Gunstock Ln Hudson, FL 3
- 3 beds 1 baths ∙ 1,184 Sqft ∙ Built 1976 3 beds 1 baths ∙ 1,184 Sqft ∙ Built 1976
LEASED 01/29/21- Rent
- Rent Per SQFT
- $1,300
- $1.10
-
8313 Clover Hill Loop Hudson, FL 4
- 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1973
LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,400
- $1.02
-
13112 Sheridan Dr Hudson, FL 5
- 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1980
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,437
- $1.00
PROPERTY LISTING DETAILS
1.727.267.7255
Biltmore Group Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: U8112968
Last Updated: 02/12/2021
