Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

13543 Summerwood Ct Hudson, FL 34667

3 Beds 2 Baths 1,820 sqft Built 2004

$239,000

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 2004
  • Price/Sqft : $131.32
  • 9 Days on Market
  • MLS # : T3272681
  • Updated Date : 11/02/2020 at 12:07
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,820 sqft
  • Baths : 2 full
Listing Agent

Mammoth Realty, Llc

Listing Agent's Description

Beautiful 3 Bed, 2 Bath, 2-car garage home built in 2004. The home features a large vaulted great room. Master suite offers double closets (walk-in). Home also features a split plan, inside utility room and eat in Kitchen. French doors lead to a relaxing screened porch and open patio, and private backyard, great to BBQ and entertain. All appliances included. Sprinkler system. Located on Cul-de-sac near to hospital, shopping, libraries and parks.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Millwood Village

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $55k268k

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

Neighborhood: Millwood 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
 

$215,100$262,900$239,000

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 -$882
Property Tax -$268
Property Insurance -$142
HOA -$52
Property Management Fees -$80
CASH FLOW
$126

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.

$239,000

PROJECTED PRICE

$1,550

PROJECTED RENT

0.65%

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$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$69,085

INVESTMENT

$69,085

Down Payment
$59,750
Rehab Estimate
$5,750
Closing Costs
$3,585

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$882

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,750
Loan Amount $179,250
See What Happens When You Reinvest Cash Flow

8.58

YEARS SAVED

$32,507

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
  • $0.85

    LIST RENT PER SQFT
  • $1,570

    COMP ESTIMATED VALUE
  • $0.86

    COMP AVG. RENT PER SQFT
Comps Range
$1,375
1$1,3752$1,5293$1,5454$1,5505$1,700
$1,700
RENT COMPS ANALYSIS
  • 13543 Summerwood Ct Hudson, FL 4
    • 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,820 Sqft ∙ Built 2004
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.85
    •  
  • 13646 Morning Ct Hudson, FL 1
    • 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2000
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.77
    •  
  • 8906 Whistler Way Hudson, FL 2
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1991
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,529
    • $0.88
    •  
  • 13748 Meade Ct Hudson, FL 3
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2004
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.94
    •  
  • 13542 Summerwood Ct Hudson, FL 5
    • 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1990 3 beds 2 baths ∙ 1,984 Sqft ∙ Built 1990
    LEASED 03/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.86
    •  
PROPERTY LISTING DETAILS
Varghese Mammen
1.813.400.7247
Mammoth Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3272681
Last Updated: 11/02/2020
BESbswy