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18345 Briar Oaks Dr Hudson, FL 34667

3 Beds 2 Baths 1,680 sqft Built 2014

$235,000

List Price

$1,430

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $139.88
  • 3 Days on Market
  • MLS # : T3294606
  • Updated Date : 03/12/2021 at 02:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,680 sqft
  • Baths : 2 full
Listing Agent

Re/max Alliance Group

Listing Agent's Description

Welcome home to this beautiful 3 bedroom/2 bath home in the desired neighborhood of Briar Oaks Village in the quaint city of Hudson. Built in 2014, this 1,680 sq foot home has only been occupied by one family. Pull up in the driveway and you will see fresh landscaping and NEW exterior paint! This abode has an open floor plan that allows in plenty of light throughout. Oversized tile and plush carpet throughout! The cooks delight kitchen has stainless steel appliances, attractive granite countertops, and 34" kitchen cabinets. There is a pleasant breakfast nook area that overlooks the picturesque back yard. Some great features include: high ceilings throughout, in-wall pest system, 2 car garage and attic for extra storage, NEW interior paint, NEW installed smart thermostat, NEW ceiling fans, NEWLY installed rain gutters, and hurricane windows and shutters! Primary bath has dual vanity sinks and a big walk-in shower. Walk-in laundry room with included washer/dryer. Charming, covered porch overlooks private and spacious PVC fenced in backyard. Yards have nice grass, landscaping, and an irrigation system. Community features a park and playground. Convenient to US 19, beautiful beaches, and all that the Tampa Bay area has to offer.

SEE MORE

MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Briar Oaks

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $55k255k

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

Neighborhood: Briar Oaks

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
Shady Hills Elementary School Primary Regular 6
Crews Lake Middle School Middle Regular 1,201 85 5
Hudson High School High Regular 1,267 82 5

Shady Hills Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
6
GreatSchools Rating

Crews Lake Middle School

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

Hudson High School

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

$211,500$258,500$235,000

PURCHASE PRICE

$1,287$1,573$1,430

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,430
EXPENSES Loan Payment -$816
Property Tax -$264
Property Insurance -$134
HOA -$68
Property Management Fees -$129
CASH FLOW
$19

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.

$235,000

PROJECTED PRICE

$1,430

PROJECTED RENT

0.61%

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-$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$68,025

INVESTMENT

$68,025

Down Payment
$58,750
Rehab Estimate
$5,750
Closing Costs
$3,525

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$816

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $58,750
Loan Amount $176,250
See What Happens When You Reinvest Cash Flow

6.33

YEARS SAVED

$16,828

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,430

    LIST RENT
  • $0.85

    LIST RENT PER SQFT
  • $1,529

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,4303$1,550
$1,550
RENT COMPS ANALYSIS
  • 18345 Briar Oaks Dr Hudson, FL 2
    • 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 2014 3 beds 2 baths ∙ 1,680 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,430
    • $0.85
    •  
  • 10344 Countrywood Ln Hudson, FL 1
    • 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,547 Sqft ∙ Built 1995
    property image
    LEASED 08/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.90
    •  
  • 10099 Bankston Dr Hudson, FL 3
    • 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2016 3 beds 2 baths ∙ 1,676 Sqft ∙ Built 2016
    property image
    LEASED 01/20/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.92
    •  
PROPERTY LISTING DETAILS
Peter Wacelitz, Iv
1.813.843.5981
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3294606
Last Updated: 03/12/2021
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