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8306 Mill Creek Ln Hudson, FL 34667

3 Beds 2 Baths 1,152 sqft Built 1974

$159,900

List Price

$1,090

$981 - $1.2K

Rent Est.

PROPERTY INFO

January 20, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $138.80
  • 6 Days on Market
  • MLS # : W7830002
  • Updated Date : 01/20/2021 at 22:09
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,152 sqft
  • Baths : 2 full
Listing Agent

1% Lists Central Florida

Listing Agent's Description

Welcome to this fantastic home in the desirable community of Beacon Woods. The home is very well kept and maintained and sits on a small hill to give you privacy from your rear neighbors. A large tree offers the home great shade to help maintain lower energy bills. This move in condition home has had a new roof and AC within the last 5 years. As well the home has newer carpeting in the bedrooms, hurricane rated garage door, updated bathrooms and kitchen with granite countertops. The electric panel was updated in 2017. The irrigation system is on well so no bills to maintain lawn and landscaping. Enjoy the large spacious lanai with new screens year round. The seller has even changed out all the lighting fixtures with high efficiency bulbs. Beacon Woods has a Golf Course in the community, as well as located minutes to a public library, the local hospital, shopping, at least 3 grocery stores and minutes from SunWest Beach and Park. 45 minutes from Tampa International Airport.

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: Beacon Woods Village

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220kPrice in $52k238k

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

Neighborhood: Beacon Woods Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2800900100011001200130014001500Rent in $7011590

* 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
Hudson Elementary School Primary Regular 604 45 1
Hudson Middle School Middle Regular 743 51 3
Fivay High School High Regular 1,320 81 4

Hudson Elementary School

  • Education Level: Primary
  • # of students: 604
  • # of teachers: 45
1
GreatSchools Rating

Hudson Middle School

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

Fivay High School

  • Education Level: High
  • # of students: 1,320
  • # of teachers: 81
4
GreatSchools Rating
 

$143,910$175,890$159,900

PURCHASE PRICE

$981$1,199$1,090

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,090
EXPENSES Loan Payment -$555
Property Tax -$179
Property Insurance -$103
HOA -$24
Property Management Fees -$129
CASH FLOW
$99

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.

$159,900

PROJECTED PRICE

$1,090

PROJECTED RENT

0.68%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 11.6%
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

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$48,124

INVESTMENT

$48,124

Down Payment
$39,975
Rehab Estimate
$5,750
Closing Costs
$2,399

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$555

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $39,975
Loan Amount $119,925
See What Happens When You Reinvest Cash Flow

9.25

YEARS SAVED

$19,889

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,090

    LIST RENT
  • $0.95

    LIST RENT PER SQFT
  • $1,115

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,090
1$1,0902$1,1503$1,4004$1,4005$1,437
$1,437
RENT COMPS ANALYSIS
  • 8306 Mill Creek Ln Hudson, FL 1
    • 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,152 Sqft ∙ Built 1974
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,090
    • $0.95
    •  
  • 11722 Oceanside Dr Port Richey, FL 2
    • 3 beds 1 baths ∙ 1,310 Sqft ∙ Built 1979 3 beds 1 baths ∙ 1,310 Sqft ∙ Built 1979
    property image
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,150
    • $0.88
    •  
  • 8313 Clover Hill Loop Hudson, FL 3
    • 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,366 Sqft ∙ Built 1973
    property image
    LEASED 07/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $1.02
    •  
  • 12232 Bear Claw Loop Hudson, FL 4
    • 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,445 Sqft ∙ Built 1972
    property image
    LEASED 10/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.97
    •  
  • 13112 Sheridan Dr Hudson, FL 5
    • 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,438 Sqft ∙ Built 1980
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,437
    • $1.00
    •  
PROPERTY LISTING DETAILS
Mike Delgrande
1.727.967.9779
1% Lists Central Florida
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7830002
Last Updated: 01/20/2021
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