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13009 Sheridan Dr Hudson, FL 34667

3 Beds 2 Baths 1,391 sqft Built 1980

$189,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 08, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1980
  • Price/Sqft : $136.52
  • 7 Days on Market
  • MLS # : W7830637
  • Updated Date : 02/09/2021 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,391 sqft
  • Baths : 2 full
Listing Agent

Re/max Sunset Realty

Listing Agent's Description

Beacon Woods East-Pool Home-3 Bedroom, 2 Bath, 2 Car Garage, New Roof 01.26.21, Newer A/C, 1391 SF, New Pool Pump and Screening, Eat-in Kitchen, Great Room, Enjoy Beacon Woods East Clubhouse, Recreation and Pool, Close to Medical, Shopping and All Conveniences.

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: Clayton Village

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Neighborhood: Clayton Village

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
 

$170,910$208,890$189,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$660
Property Tax -$213
Property Insurance -$117
HOA -$24
Property Management Fees -$129
CASH FLOW
$237

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.

$189,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.73%

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$100k$200k$300k$400k$500k$600k$700k$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

12.17

YEARS SAVED

$35,396

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,321

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,3803$1,4004$1,4375$1,445
$1,445
RENT COMPS ANALYSIS
  • 13009 Sheridan Dr Hudson, FL 2
    • 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1980
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $0.99
    •  
  • 8205 Roxboro Dr Hudson, FL 1
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1985
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.85
    •  
  • 8313 Clover Hill Loop Hudson, FL 3
    • 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 4
    • 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
    •  
  • 9036 Seeley Ln Hudson, FL 5
    • 3 beds 1 baths ∙ 1,552 Sqft ∙ Built 1969 3 beds 1 baths ∙ 1,552 Sqft ∙ Built 1969
    LEASED 02/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.93
    •  
PROPERTY LISTING DETAILS
Charles Ludington
1.727.863.2402
Re/max Sunset Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830637
Last Updated: 02/09/2021
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