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4501 Hudson Ln Tampa, FL 33618

4 Beds 3 Baths 2,778 sqft Built 1978

$500,000

List Price

$2,500

$2.3K - $2.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
FACTS
  • Single Family
  • Built In 1978
  • Price/Sqft : $179.99
  • 10 Days on Market
  • MLS # : T3292609
  • Updated Date : 03/03/2021 at 08:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,778 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Tampa Prop.

Listing Agent's Description

beautiful home in the Carrollwood area, 4 bedrooms, 3 baths, and a loft nestled in on over a half area lot. The private area overlooking a pond and creek. Custom-made cabinets in the kitchen and beautiful granite countertops. Three glass sliders in the family room let all of the light in and there are views of the backyard all around you. Three bedrooms downstairs and one bedroom upstairs with loft overlooking the two-story entrance. This home is private and unique to the area and has no HOA fees. Close to everything in Carrollwood and convenient to everything. You will have the best of both worlds here, great location and nice and private with room to roam.

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: Carrollwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $85k343k

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

Neighborhood: Carrollwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Carrollwood Elementary School Primary Regular 796 63 6
Adams Middle School Middle Regular 1,017 75 2
Chamberlain High School High Regular 1,772 98 4

Carrollwood Elementary School

  • Education Level: Primary
  • # of students: 796
  • # of teachers: 63
6
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,017
  • # of teachers: 75
2
GreatSchools Rating

Chamberlain High School

  • Education Level: High
  • # of students: 1,772
  • # of teachers: 98
4
GreatSchools Rating
 

$450,000$550,000$500,000

PURCHASE PRICE

$2,250$2,750$2,500

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,500
EXPENSES Loan Payment -$1,737
Property Tax -$615
Property Insurance -$197
Property Management Fees -$129
CASH FLOW
-$177

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.

$500,000

PROJECTED PRICE

$2,500

PROJECTED RENT

0.50%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530-$5.0k$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$138,250

INVESTMENT

$138,250

Down Payment
$125,000
Rehab Estimate
$5,750
Closing Costs
$7,500

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,737

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $125,000
Loan Amount $375,000
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$21,095

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,500

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $2,667

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,850
1$1,8502$2,4993$2,5004$3,0005$3,300
$3,300
RENT COMPS ANALYSIS
  • 4501 Hudson Ln Tampa, FL 3
    • 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,778 Sqft ∙ Built 1978
    • Rent
    • Rent Per SQFT
    •  
    • $2,500
    • $0.90
    •  
  • 11715 Palmer Dr Tampa, FL 1
    • 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1978 4 beds 3 baths ∙ 2,496 Sqft ∙ Built 1978
    LEASED 09/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.74
    •  
  • 4218 Water Oaks Ln Tampa, FL 2
    • 3 beds 3 baths ∙ 2,687 Sqft ∙ Built 1980 3 beds 3 baths ∙ 2,687 Sqft ∙ Built 1980
    LEASED 02/18/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,499
    • $0.93
    •  
  • 2816 Safe Harbor Dr Tampa, FL 4
    • 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1995 4 beds 3 baths ∙ 2,744 Sqft ∙ Built 1995
    LEASED 01/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,000
    • $1.09
    •  
  • 4510 Carrollwood Village Dr Tampa, FL 5
    • 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 1973 4 beds 3 baths ∙ 3,056 Sqft ∙ Built 1973
    LEASED 05/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $3,300
    • $1.08
    •  
PROPERTY LISTING DETAILS
Gloria Steele
1.813.938.0025
Keller Williams Tampa Prop.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3292609
Last Updated: 03/03/2021
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