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8729 Poe Dr Hudson, FL 34667

3 Beds 2 Baths 1,570 sqft Built 1992

$220,000

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1992
  • Price/Sqft : $140.13
  • 4 Days on Market
  • MLS # : W7829104
  • Updated Date : 12/12/2020 at 10:54
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,570 sqft
  • Baths : 2 full
Listing Agent

Greenlee Home Sales Of Trinity

Listing Agent's Description

Wonderful pool home with plenty of covered lanai space for enjoying the pool area! Move right in or add your own personal touches to this spacious 3 bedroom/2 bathroom home. Master bedroom has great closet space and a large private bathroom. 2nd bedroom boasts French doors to the living room and could also be used as a spacious office. 3rd bedroom has a deep walk-in closet. There is a formal dining area and a casual breakfast area off the kitchen. Lots of storage space throughout this home. Great location, near 54 and Little Road. Close to shopping, restaurants and easy access to Tampa.

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: The Estates of Beacon Woods Golf and Country Club

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240k260k280kPrice in $55k295k

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

Neighborhood: The Estates of Beacon Woods Golf and Country Club

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
Hudson High School High Regular 1,267 82 5

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

Hudson High School

  • Education Level: High
  • # of students: 1,267
  • # of teachers: 82
5
GreatSchools Rating
 

$198,000$242,000$220,000

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,420
EXPENSES Loan Payment -$812
Property Tax -$247
Property Insurance -$128
HOA -$37
Property Management Fees -$129
CASH FLOW
$68

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.

$220,000

PROJECTED PRICE

$1,420

PROJECTED RENT

0.65%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.87%
Appreciation Year (1-5) 7.2%
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$800k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$25,069

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,420

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,417

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,275
1$1,2752$1,4203$1,4504$1,5295$1,545
$1,545
RENT COMPS ANALYSIS
  • 8729 Poe Dr Hudson, FL 2
    • 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,570 Sqft ∙ Built 1992
    • Rent
    • Rent Per SQFT
    •  
    • $1,420
    • $0.90
    •  
  • 8205 Roxboro Dr Hudson, FL 1
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1985
    LEASED 07/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,275
    • $0.85
    •  
  • 8906 Welsh Way Hudson, FL 3
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1987
    LEASED 03/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.94
    •  
  • 8906 Whistler Way Hudson, FL 4
    • 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,735 Sqft ∙ Built 1991
    LEASED 06/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,529
    • $0.88
    •  
  • 13748 Meade Ct Hudson, FL 5
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2004 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 2004
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.94
    •  
PROPERTY LISTING DETAILS
Brande Greenlee
1.727.488.3796
Greenlee Home Sales Of Trinity
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7829104
Last Updated: 12/12/2020
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