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14650 Potterton Cir Hudson, FL 34667

3 Beds 2 Baths 1,979 sqft Built 2005

$219,900

List Price

$1,530

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 14, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2005
  • Price/Sqft : $111.12
  • 2 Days on Market
  • MLS # : A4483776
  • Updated Date : 11/15/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,979 sqft
  • Baths : 2 full
Listing Agent

Sunset Realty

Listing Agent's Description

This move-in ready 3-bedroom, 2-bathroom, 2-car garage home is located on a natural greenbelt lot with an open, relaxing view in the gated Highlands of Pasco community. Now your time can be spent with family and friends enjoying the community pool right down the street and activities with your neighbors instead of the on-going stress and expense of mowing the yard, landscaping, or maintaining a private pool. The low monthly HOA fees cover the gated entry, maintenance of the community pool and common landscaped areas, plus the irrigation, lawn mowing, trimming of landscaping, and basic cable TV for the homes – with NO CDD! This house offers both a formal living/dining area and a great entertainment area consisting of an open family room/ kitchen/dinette, with sliding doors to a large screened-in lanai overlooking the greenbelt. Lots of recessed lighting and windows make this entire space light and bright, while the higher ceilings, rounded corners on all the walls, niches and arches, ceiling fans, tray ceiling in the owners’ bedroom, jetted tub, separate shower and water closet in the owners’ bathroom, and an inside laundry room with access to the garage add to the home’s value. The location provides easy access to medical facilities, shopping, restaurants, and recreational options, including golf courses, local beaches, boating and water sports. It’s time to join the homeowners at The Highlands and start enjoying the stress-free, maintenance-free lifestyle that this community offers.

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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

Zip Code: 34667

ZipNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $55k238k

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

Zip Code: 34667

ZipNIR 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
Northwest Elementary School Primary Regular 712 60 4
Hudson Middle School Middle Regular 743 51 3
Hudson High School High Regular 1,267 82 5

Northwest Elementary School

  • Education Level: Primary
  • # of students: 712
  • # of teachers: 60
4
GreatSchools Rating

Hudson Middle School

  • Education Level: Middle
  • # of students: 743
  • # of teachers: 51
3
GreatSchools Rating

Hudson High School

  • Education Level: High
  • # of students: 1,267
  • # of teachers: 82
5
GreatSchools Rating
 

$197,910$241,890$219,900

PURCHASE PRICE

$1,377$1,683$1,530

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,530
EXPENSES Loan Payment -$811
Property Tax -$247
Property Insurance -$151
HOA -$109
Property Management Fees -$80
CASH FLOW
$132

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.

$219,900

PROJECTED PRICE

$1,530

PROJECTED RENT

0.70%

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

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$64,024

INVESTMENT

$64,024

Down Payment
$54,975
Rehab Estimate
$5,750
Closing Costs
$3,299

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$811

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $54,975
Loan Amount $164,925
See What Happens When You Reinvest Cash Flow

8.67

YEARS SAVED

$30,583

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,530

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,648

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,500
1$1,5002$1,5303$1,6504$1,7005$1,800
$1,800
RENT COMPS ANALYSIS
  • 14650 Potterton Cir Hudson, FL 2
    • 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 2005 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 2005
    • Rent
    • Rent Per SQFT
    •  
    • $1,530
    • $0.77
    •  
  • 9335 Creekside Ct Hudson, FL 1
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2000
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.75
    •  
  • 14547 Potterton Cir Hudson, FL 3
    • 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 2007 3 beds 2 baths ∙ 1,979 Sqft ∙ Built 2007
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.83
    •  
  • 14309 Beauly Cir Hudson, FL 4
    • 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 2006 3 beds 2 baths ∙ 2,059 Sqft ∙ Built 2006
    LEASED 11/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.83
    •  
  • 14907 Potterton Cir Hudson, FL 5
    • 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2018 3 beds 2 baths ∙ 1,952 Sqft ∙ Built 2018
    LEASED 10/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.92
    •  
PROPERTY LISTING DETAILS
Carolyn Allen
1.813.335.8347
Sunset Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: A4483776
Last Updated: 11/15/2020
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