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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $112.00
- 7 Days on Market
- MLS # : W7829439
- Updated Date : 12/29/2020 at 01:00
CONSTRUCTION
- Beds : 4
- Floor Size : 1,500 sqft
- Baths : 2 full
Listing Agent
Bhhs Florida Properties Group
Listing Agent's Description
Wow, what a fabulous view of the 5th hole at Beacon Woods Golf Course that you and your guests will enjoy from your screened in lanai. This home has 4 bedrooms, 2 full bath and 2 car garage. As you walk into the foyer, you have the living room with vaulted ceiling and carpet. The kitchen has a wonderful breakfast nook area and overlooks the dining room with tile flooring. The master bedroom has plenty of room for all your pieces plus the master bath has separate toilet closet with shower. The roof is 1 year old and the a/c system is 1-2 years old. This home is a must see!
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: Beacon Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Beacon Woods
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,450 |
| EXPENSES | Loan Payment | -$620 |
| Property Tax | -$190 | |
| Property Insurance | -$123 | |
| HOA | -$24 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$364
|
||
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.
$168,000
PROJECTED PRICE
$1,450
PROJECTED RENT
0.86%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 11.3% |
| 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
$50,270
LOAN DETAILS
$620
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $42,000 |
| Loan Amount | $126,000 |
15.33
YEARS SAVED
$49,053
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,450
LIST RENT -
$0.97
LIST RENT PER SQFT
-
$1,429
COMP ESTIMATED VALUE -
$0.95
COMP AVG. RENT PER SQFT
Comps Range
-
13013 Western Cir Hudson, FL 5
- 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,500 Sqft ∙ Built 1985
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- Rent
- Rent Per SQFT
- $1,450
- $0.97
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8205 Roxboro Dr Hudson, FL 1
- 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1985
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LEASED 07/08/20- Rent
- Rent Per SQFT
- $1,275
- $0.85
-
8313 Clover Hill Loop Hudson, FL 2
- 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1973
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LEASED 07/31/20- Rent
- Rent Per SQFT
- $1,400
- $1.02
-
13112 Sheridan Dr Hudson, FL 3
- 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1980
![property image]()
LEASED 05/27/20- Rent
- Rent Per SQFT
- $1,437
- $1.00
-
8906 Welsh Way Hudson, FL 4
- 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1987
![property image]()
LEASED 03/03/20- Rent
- Rent Per SQFT
- $1,450
- $0.94
PROPERTY LISTING DETAILS
1.727.505.4249
Bhhs Florida Properties Group
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7829439
Last Updated: 12/29/2020
