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13636 Landers Dr Hudson, FL 34667

4 Beds 3 Baths 2,612 sqft Built 1993

$289,900

List Price

$1,700

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Built In 1993
  • Price/Sqft : $110.99
  • 82 Days on Market
  • MLS # : T3259687
  • Updated Date : 11/01/2020 at 00:56
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,612 sqft
  • Baths : 3 full
Listing Agent

People's Choice Realty Svc Llc

Listing Agent's Description

NEW PRICE!!! Spacious 4 bedroom 3 bath pool home for UNDER 300K in the highly desired deed restricted community of Barrington Woods. This home is featured with an open floor plan, cathedral ceilings, large family room and living room, formal dining room, and large kitchen with Corian counter tops, Samsung stainless steel appliances, breakfast bar/dinette area. The master suite features walk-in closets, bathroom with a garden tub, and walk-in shower. Storage is plentiful with roomy laundry room and over sized garage. You will enjoy the Florida lifestyle in the screened lanai area with a beautiful pool/spa, and full pool bath. The amenities with this community include a clubhouse, gym, recreation area, tennis courts and a community pool. 4 bedroom pool homes are extremely rare in today's market! Come take a look at this one before its gone! Check out the 3-D Tour: https://my.matterport.com/show/?m=5MCqQVSsYUb&brand=0

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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: Barrington Woods

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280kPrice in $55k288k

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

Neighborhood: Barrington 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
 

$260,910$318,890$289,900

PURCHASE PRICE

$1,530$1,870$1,700

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,700
EXPENSES Loan Payment -$1,070
Property Tax -$349
Property Insurance -$188
HOA -$42
Property Management Fees -$80
CASH FLOW
-$29

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.

$289,900

PROJECTED PRICE

$1,700

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 9.1%
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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,574

INVESTMENT

$82,574

Down Payment
$72,475
Rehab Estimate
$5,750
Closing Costs
$4,349

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,070

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,475
Loan Amount $217,425
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$19,039

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,700

    LIST RENT
  • $0.65

    LIST RENT PER SQFT
  • $1,698

    COMP ESTIMATED VALUE
  • $0.65

    COMP AVG. RENT PER SQFT
Comps Range
$1,695
1$1,6952$1,700
$1,700
RENT COMPS ANALYSIS
  • 13636 Landers Dr Hudson, FL 2
    • 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1993 4 beds 3 baths ∙ 2,612 Sqft ∙ Built 1993
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.65
    •  
  • 13739 Maritime Ct Hudson, FL 1
    • 5 beds 3 baths ∙ 2,627 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,627 Sqft ∙ Built 2005
    LEASED 10/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.65
    •  
PROPERTY LISTING DETAILS
Christopher Lai
1.813.928.8268
People's Choice Realty Svc Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3259687
Last Updated: 11/01/2020
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