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8601 Ashbury Dr Hudson, FL 34667

3 Beds 2 Baths 1,937 sqft Built 1988

$242,000

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 03, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $124.94
  • 2 Days on Market
  • MLS # : U8103011
  • Updated Date : 11/02/2020 at 22:16
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,937 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Residential

Listing Agent's Description

Immaculate 3 bedroom Rutenberg home in an upscale neighborhood! As you enter this fully updated home, you are greeted with an open plan living space with attractive ceramic tile throughout. The vaulted ceilings in the living/dining space give the rooms additional depth. A large bonus room/office can be found at the front of the home. To the left of the home is the large master bedroom with an en suite bathroom containing a walk-in shower. A second large bedroom can be found at the rear of the home. The third bedroom is to the right of the floor plan. French doors lead from the informal dining nook to the sizeable enclosed Florida room. A brick patio, and landscaped and fenced yard round off this property.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Berkley Woods

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260kPrice in $55k280k

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

Neighborhood: Berkley Woods

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
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
 

$217,800$266,200$242,000

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$893
Property Tax -$271
Property Insurance -$149
HOA -$40
Property Management Fees -$80
CASH FLOW
$77

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.

$242,000

PROJECTED PRICE

$1,510

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,880

INVESTMENT

$69,880

Down Payment
$60,500
Rehab Estimate
$5,750
Closing Costs
$3,630

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$893

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $60,500
Loan Amount $181,500
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$27,143

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,506

    COMP ESTIMATED VALUE
  • $0.78

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3753$1,5004$1,5105$1,600
$1,600
RENT COMPS ANALYSIS
  • 8601 Ashbury Dr Hudson, FL 4
    • 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,937 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.78
    •  
  • 13018 Serpentine Dr Hudson, FL 1
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1979
    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
    LEASED 12/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,375
    • $0.77
    •  
  • 9335 Creekside Ct Hudson, FL 3
    • 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2000 3 beds 2 baths ∙ 2,005 Sqft ∙ Built 2000
    LEASED 06/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.75
    •  
  • 8304 Reynolds Dr Hudson, FL 5
    • 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1984 3 beds 2 baths ∙ 1,932 Sqft ∙ Built 1984
    LEASED 02/07/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.83
    •  
PROPERTY LISTING DETAILS
Susan Rosulek
1.727.534.2498
Coldwell Banker Residential
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8103011
Last Updated: 11/02/2020
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