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13005 Smoke Tree Way Bayonet Point, FL 34667

3 Beds 3 Baths 2,131 sqft Built 1979

INVESTimate

$259,999

List Price

$1,600

$1,440 - $1,760

Rent Est.

$289,353  ( +11.29%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1979
  • Price/Sqft : $122.01
  • 3 Days on Market
  • MLS # : T3260490
  • Updated Date : 08/25/2020 at 04:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,131 sqft
  • Baths : 3 full
Listing Agent

Us Realty Hub Llc

Listing Agent's Description

This Uniquely European styled home offers 3 bedrooms, 3 baths, a 2 car garage, and 2,131 square feet of living. Gorgeous views from every aspect of the rear of this home. Comfortably situated at the 15th hole of Beacon Woods Golf course. This home features natural light, eccentric detail with an old world feel, three spacious bedrooms including; a private oversized owners bed and bath upstairs with a bay window overlooking the golf course, balcony, and an extremely large walk in closet. The split plan downstairs accommodates a large bedroom with bath ensuite, and a third bedroom opposite the home with access to the airy patio under the pergola. Enter the home through solid wood, double entry doors to a formal living room-dining room combo. Pass through to a connecting family room with fireplace and access to a pergola patio or covered and screened lanai downstairs. Central to the downstairs is a kitchen with scenic views from every direction. Natural light is provided through four sets of sliding doors. This home has mature landscaping and no rear neighbors. A must see home in the desirable Beacon Woods community. Come see this charming diamond in the rough and its’ incredible amount of potential. Enjoy all-inclusive, resort-style living in this community for a very low HOA. Amenities include community swimming pool, golf and clubhouse, tennis and basketball courts, a playground and more. Conveniently located near Gulf Coast beaches, shopping, and schools. Just twelve miles from desirable and booming Trinity area with shopping and restaurants, and twenty-eight miles to Tampa International Airport. Don’t miss this treasure! (All information to be verified by buyer).

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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: Beacon Woods

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Beacon Woods

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
 

$233,999$285,999$259,999

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$959
Property Tax -$123
Property Insurance -$160
HOA -$24
Property Management Fees -$80
CASH FLOW
$253

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.

$259,999

PROJECTED PRICE

$1,600

PROJECTED RENT

0.62%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.29%
Maintenance Year (1-5) 8.00%
Vacancy 5.25%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,650

INVESTMENT

$74,650

Down Payment
$65,000
Rehab Estimate
$5,750
Closing Costs
$3,900

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$959

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $65,000
Loan Amount $194,999
See What Happens When You Reinvest Cash Flow

11.42

YEARS SAVED

$52,078

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.75

    LIST RENT PER SQFT
  • $1,737

    COMP ESTIMATED VALUE
  • $0.82

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,6003$1,6004$1,6005$1,700
$1,700
RENT COMPS ANALYSIS
  • 13005 Smoke Tree Way Bayonet Point, 4
    • 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 1979 3 beds 3 baths ∙ 2,131 Sqft ∙ Built 1979
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.75
    •  
  • 8712 Ashbury Dr Hudson, 1
    • 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,968 Sqft ∙ Built 1990
    property image
    LEASED 05/28/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.79
    •  
  • 7927 Sylvan Dr Hudson, 2
    • 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1986 3 beds 2 baths ∙ 2,046 Sqft ∙ Built 1986
    property image
    LEASED 05/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.78
    •  
  • 8304 Reynolds Dr Hudson, 3
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1984
    property image
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
  • 13542 Summerwood Ct Hudson, 5
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1990
    property image
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
PROPERTY LISTING DETAILS
Ryann Huff
1.352.584.3440
Us Realty Hub Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260490
Last Updated: 08/25/2020
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