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12908 Willoughby Ln Hudson, FL 34667

4 Beds 3 Baths 1,995 sqft Built 1979

$250,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 30, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $125.31
  • 5 Days on Market
  • MLS # : U8108499
  • Updated Date : 12/30/2020 at 21:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,995 sqft
  • Baths : 3 full
Listing Agent

Select Properties Inc

Listing Agent's Description

This Truly Exceptional Property is a Great Find! Spacious Move-in Ready 4 Bedroom, 3 Full Bath Home. Remodeled Inside & Out with an Open Concept Split Floor Plan. Grand Double-Door Entry Flows into Two Living Spaces. There is a Large Master Bedroom with Custom Closets, an Ensuite Bath with Step Down Shower and Grab Bars, and a Door Leading to the Large Custom Screened Lanai. The 2nd Bedroom is Currently Used as an Office and the Other 2 Bedrooms are Located on the Other side of the House with its Own Living Space. The Kitchen is the Heart of the Home with Granite Kitchen Countertops, Thomasville Cabinetry, Newer Stainless-Steel Appliances, Recessed Lighting and Pendant Lighting. Laundry Room is with a Utility Sink and Additional Cabinet Space. There are Ceiling Fans in Almost Every Room, Recessed Lighting, 6-Panel Doors, Lots of Closet and Storage Space, Crown Molding, Newer Custom Vinyl Plank Flooring and Ceramic Tile Throughout. Energy Efficient with Newer High Impact Windows and Hurricane Rated Sliding Glass Doors. HVAC New in 2014, New Timberline Roof in 2017. Electric Bill Average is $125 a Month! Fully Fenced Backyard, No Rear Neighbors, and a Park Like Setting Across the Street Offering Privacy and Beauty. This Home is with Handicap Access Ramps for the Front Door, Garage, and Lanai. There is an Over-sized 2 Car Garage, with Newer Car Garage Door, Garage Door Opener, and Pull-Down Attic Stairs. NO FLOOD INSURANCE Is Required FEMA Code X. LOW HOA Fee of Only $280 A Year and With So Much Included! Beacon Woods East Offers Many Neighborhood Amenities Including A Golf Course, Heated Community Pool, Tennis Courts, Playground, Basketball Courts, Clubhouse, Shuffleboard & More. GREAT LOCATION! Close to Shopping, Restaurants, Entertainment, Hospitals, and the Veterans Expressway. Hudson Beach (6 Miles), Sunwest Park Beach (2.5 Miles) On A Beautiful Spring-Fed Lake with Florida’s Largest Inflatable Aqua Park, Volleyball, Paddleboarding, and Wakeboarding. With so Much to Offer This Home will not Last Long! Call Today for your Private Showing! *Don't miss the Virtual Tour!*

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: Beacon Woods East

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Beacon Woods East

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7391590

* 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
Hudson Elementary School Primary Regular 604 45 1
Hudson Middle School Middle Regular 743 51 3
Fivay High School High Regular 1,320 81 4

Hudson Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 45
1
GreatSchools Rating

Hudson Middle School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 51
3
GreatSchools Rating

Fivay High School

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

$225,000$275,000$250,000

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$922
Property Tax -$280
Property Insurance -$152
HOA -$23
Property Management Fees -$129
CASH FLOW
$43

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.

$250,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$14k

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$72,000

INVESTMENT

$72,000

Down Payment
$62,500
Rehab Estimate
$5,750
Closing Costs
$3,750

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,500
Loan Amount $187,500
See What Happens When You Reinvest Cash Flow

7.08

YEARS SAVED

$24,706

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,521

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2993$1,3504$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 12908 Willoughby Ln Hudson, FL 4
    • 4 beds 3 baths ∙ 1,995 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,995 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.78
    •  
  • 13006 Sirius Ln Hudson, FL 1
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1979
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.71
    •  
  • 13021 Sirius Ln Hudson, FL 2
    • 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,724 Sqft ∙ Built 1978
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.75
    •  
  • 13018 Serpentine Dr Hudson, FL 3
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1979
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $0.76
    •  
  • 8304 Reynolds Dr Hudson, FL 5
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1984
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
PROPERTY LISTING DETAILS
Connie Dichtas
1.727.741.0541
Select Properties Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108499
Last Updated: 12/30/2020
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