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8703 Arrowhead Dr Hudson, FL 34667

4 Beds 3 Baths 2,047 sqft Built 1973

$239,997

List Price

$1,550

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 05, 2020 RECENTLY ADDED
FACTS
  • Built In 1973
  • Price/Sqft : $117.24
  • 4 Days on Market
  • MLS # : W7828177
  • Updated Date : 11/07/2020 at 00:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,047 sqft
  • Baths : 3 full
Listing Agent

Star One Realty Group

Listing Agent's Description

Beautiful 4/3/2 home located in the desirable Beacon Woods Village. This home offers a spacious floor plan with tile floors throughout the kitchen and dining room. The master bedroom has a nice sliding door that leads out to your pool area and provides lots of light. The kitchen is updated with a nice island that looks out your dining room area. The kitchen has two sliding windows that open up to the patio area breakfast bar. Four rooms have sliders/french doors leading to pool. First floor bedrooms are split Upstairs you will find two very spacious bedroom and a bathroom. Pool has been resurfaced with upgraded diamondbrite and has a new pool pump; whole house insulation The best feature of the home is your outdoor area. You have a paved screened in pool area with tons of space. There is a nice covered porch spot that would be great for grilling and enjoying the beautiful Florida weather. Make sure to setup an appointment to see this home today! Remediated sinkhole fully insurable.

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: 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
 

$215,997$263,997$239,997

PURCHASE PRICE

$1,395$1,705$1,550

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,550
EXPENSES Loan Payment -$885
Property Tax -$269
Property Insurance -$155
HOA -$23
Property Management Fees -$80
CASH FLOW
$137

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.

$239,997

PROJECTED PRICE

$1,550

PROJECTED RENT

0.65%

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$200k$400k$600k$800k$1.0M

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$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$69,349

INVESTMENT

$69,349

Down Payment
$59,999
Rehab Estimate
$5,750
Closing Costs
$3,600

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$885

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $59,999
Loan Amount $179,998
See What Happens When You Reinvest Cash Flow

9

YEARS SAVED

$34,111

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,550

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,551

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2993$1,3504$1,5505$1,600
$1,600
RENT COMPS ANALYSIS
  • 8703 Arrowhead Dr Hudson, FL 4
    • 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,047 Sqft ∙ Built 1973
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.76
    •  
  • 13006 Sirius Ln Hudson, FL 1
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1979
    LEASED 08/16/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $0.71
    •  
  • 13105 Sheridan Dr Hudson, FL 2
    • 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1982 3 beds 2 baths ∙ 1,771 Sqft ∙ Built 1982
    LEASED 10/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $0.73
    •  
  • 13018 Serpentine Dr Hudson, FL 3
    • 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
    •  
  • 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
Michele Rehm
1.727.364.2893
Star One Realty Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828177
Last Updated: 11/07/2020
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