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

18723 East Rd Hudson, FL 34667

3 Beds 2 Baths 1,848 sqft Built 1999

$309,000

List Price

$1,650

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $167.21
  • 3 Days on Market
  • MLS # : T3276625
  • Updated Date : 11/20/2020 at 21:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,848 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

Don't miss the opportunity to own this Beautiful 3 Bedroom 2 Bathroom Pool home that sits on 1.05 acres. Plenty of room to park your Boat and RV . Kitchen and bathrooms have been remodeled also the roof is only 5 years old and well pump was replaced this year. More pictures coming soon.

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: Rolling Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350kPrice in $55k375k

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

Neighborhood: Rolling Oaks Estates

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500160017001800Rent in $7391878

* 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
 

$278,100$339,900$309,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,140
Property Tax -$347
Property Insurance -$144
Property Management Fees -$80
CASH FLOW
-$60

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.

$309,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.53%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,635

INVESTMENT

$87,635

Down Payment
$77,250
Rehab Estimate
$5,750
Closing Costs
$4,635

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,140

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $77,250
Loan Amount $231,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$18,919

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,398

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,325
1$1,3252$1,3493$1,4004$1,650
$1,650
RENT COMPS ANALYSIS
  • 18723 East Rd Hudson, FL 4
    • 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,848 Sqft ∙ Built 1999
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.89
    •  
  • 7254 Lamplighter St Spring Hill, FL 1
    • 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,519 Sqft ∙ Built 2004
    property image
    LEASED 11/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,325
    • $0.87
    •  
  • 1059 Shenandoah Ln Spring Hill, FL 2
    • 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 1989 3 beds 2 baths ∙ 1,959 Sqft ∙ Built 1989
    property image
    LEASED 04/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.69
    •  
  • 11347 Hollander Ave Hudson, FL 3
    • 3 beds 2 baths ∙ 1,982 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,982 Sqft ∙ Built 2004
    property image
    LEASED 07/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.71
    •  
PROPERTY LISTING DETAILS
Jess Ferguson
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3276625
Last Updated: 11/20/2020
BESbswy