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PROPERTY INFO
FACTS
- Single Family
- Built In 1987
- Price/Sqft : $119.06
- 3 Days on Market
- MLS # : W7829293
- Updated Date : 12/19/2020 at 17:01
CONSTRUCTION
- Beds : 4
- Floor Size : 1,931 sqft
- Baths : 2 full
Listing Agent
Bam Realty Advisors Inc
Listing Agent's Description
4/2/2 with a huge lot located in a great community!! The home features a large great room with cathedral ceilings and a wood burning fireplace, formal dining, dinette off the kitchen, open kitchen w/ a breakfast bar, inside utility room, screen porch, and an oversized two car garage. The master suite has 3 large closets and the master bathroom has travertine stone floors and travertine shower enclosure. The 2nd bathroom has marble floors and a marble tub enclosure. Updates include roof in 2015, New craftsman fiberglass front door in 2018, new side service door in 2019, 4th bedroom addition (all block) with double pane windows and mini split AC in 2014, freshly painted inside and out in the last 12 months, new recessed lighting 2018, new glass shower doors, new vanity porcelain sinks and faucets in both bathrooms, and a new low flow toilet in the master bathrooms. The home has a sprinkler system on a well, so water bills run in the $65 to $75 range with 4 occupants living in the home. The seller is offering a home warranty to the buyer. The community is well kept and has a nice lakefront park with a playground. The home is with-in 3 miles of a hospital, medical facilities library, bus transportation, Publix, Winn-Dixie, Wal-Mart, and Hudson Beach. Come take a look at this one before it's gone!!
SEE MORE
- 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: Lakeside Woodlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Lakeside Woodlands
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,620 |
| EXPENSES | Loan Payment | -$848 |
| Property Tax | -$258 | |
| Property Insurance | -$149 | |
| HOA | -$22 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$215
|
||
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.
$229,900
PROJECTED PRICE
$1,620
PROJECTED RENT
0.70%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 9.4% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,674
LOAN DETAILS
$848
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
10.67
YEARS SAVED
$42,193
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,620
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,564
COMP ESTIMATED VALUE -
$0.81
COMP AVG. RENT PER SQFT
Comps Range
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8030 Sylvan Dr Hudson, FL 5
- 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,931 Sqft ∙ Built 1987
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- Rent
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- $1,620
- $0.84
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13018 Serpentine Dr Hudson, FL 1
- 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1979
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LEASED 03/27/20- Rent
- Rent Per SQFT
- $1,350
- $0.76
-
13646 Morning Ct Hudson, FL 2
- 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,786 Sqft ∙ Built 2000
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LEASED 12/31/19- Rent
- Rent Per SQFT
- $1,375
- $0.77
-
8906 Whistler Way Hudson, FL 3
- 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1991
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LEASED 06/29/20- Rent
- Rent Per SQFT
- $1,529
- $0.88
-
8304 Reynolds Dr Hudson, FL 4
- 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1984
![property image]()
LEASED 02/07/20- Rent
- Rent Per SQFT
- $1,600
- $0.83
PROPERTY LISTING DETAILS
1.727.378.8585
Bam Realty Advisors Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7829293
Last Updated: 12/19/2020
