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13256 Niti Dr Hudson, FL 34669

4 Beds 2 Baths 1,635 sqft Built 2016

$229,000

List Price

$1,400

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

January 24, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $140.06
  • 2 Days on Market
  • MLS # : T3286531
  • Updated Date : 01/24/2021 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,635 sqft
  • Baths : 2 full
Listing Agent

Re/max Realtec Group Inc

Listing Agent's Description

Come view this newer built Adams home in the highly desired Reserve at Meadow Oaks golf course community. This home is in a golf cart friendly community that is gated, has tennis courts, sidewalks, streetlights, clubhouse, and a community pool. This home is a 4-bedroom 2-bath 2-car garage that is beyond move in ready. The outside was just freshly landscaped, and the backyard is fenced and has view of golf course as well. The kitchen is open and spacious with stainless steel appliances, wood cabinets, and tile floor. There is plenty of cabinet space, bar space to eat or entertain, and nicely sized pantry too. All the carpets have been professionally cleaned. The living room is spacious and has room for a sectional or dual recliners and big screen tv to watch the big game or favorite shows on. There is room for a formal dining area as well. The master bedroom is nicely sized and has a walk-in closet. The master bath has dual sinks and a stand in shower. The other 3 bedrooms are split from the master and have access to the guest full bath. This single owner home has been meticulous cared for and is waiting for you to call it home today !!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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.

PRICE & RENT TRENDS

Neighborhood: Reserve at Meadow Wood

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $72k244k

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

Neighborhood: Reserve at Meadow Wood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500Rent in $8121590

* 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
Moon Lake Elementary School Primary Regular 584 55 5
Crews Lake Middle School Middle Regular 1,201 85 5
Fivay High School High Regular 1,320 81 4

Moon Lake Elementary School

  • Education Level: Primary
  • # of students: 584
  • # of teachers: 55
5
GreatSchools Rating

Crews Lake Middle School

  • Education Level: Middle
  • # of students: 1,201
  • # of teachers: 85
5
GreatSchools Rating

Fivay High School

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

$206,100$251,900$229,000

PURCHASE PRICE

$1,260$1,540$1,400

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,400
EXPENSES Loan Payment -$795
Property Tax -$257
Property Insurance -$131
HOA -$109
Property Management Fees -$129
CASH FLOW
-$22

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.

$229,000

PROJECTED PRICE

$1,400

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$795

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

5.58

YEARS SAVED

$13,651

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,400

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $1,492

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4003$1,4754$1,4755$1,650
$1,650
RENT COMPS ANALYSIS
  • 13256 Niti Dr Hudson, FL 2
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.86
    •  
  • 12823 Walnut Tree Ln Hudson, FL 1
    • 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,542 Sqft ∙ Built 1999
    LEASED 09/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.91
    •  
  • 13539 Old Florida Cir Hudson, FL 3
    • 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,726 Sqft ∙ Built 2005
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.85
    •  
  • 12929 White Bluff Rd Hudson, FL 4
    • 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 2010 4 beds 2 baths ∙ 1,576 Sqft ∙ Built 2010
    LEASED 06/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.94
    •  
  • 12840 Payne Stewart Way Hudson, FL 5
    • 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 2013 4 beds 2 baths ∙ 1,740 Sqft ∙ Built 2013
    LEASED 06/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.95
    •  
PROPERTY LISTING DETAILS
Michael Bennett, Jr
1.813.857.8690
Re/max Realtec Group Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286531
Last Updated: 01/24/2021
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