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1008 Oakcrest Dr Brandon, FL 33510

4 Beds 3 Baths 2,330 sqft Built 2013

$325,000

List Price

$1,870

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

February 05, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2013
  • Price/Sqft : $139.48
  • 4 Days on Market
  • MLS # : T3288761
  • Updated Date : 02/06/2021 at 20:24
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,330 sqft
  • Baths : 3 full
Listing Agent

Keller Williams - New Tampa

Listing Agent's Description

WELCOME TO YOUR NEW HOME! It has all the extras of a custom built home. The floor plan is very open with a spacious great room, living room, dining room and open kitchen all connected for perfect gatherings and entertainment. The breakfast island and open kitchen is a host's dream with gorgeous dark wood cabinetry, granite counter tops, custom lighting, upgraded stainless appliances including new. This meticulously kept split floor plan with lots of privacy. The Masters bedroom comes with luxury bath featuring elevated basins, vanity area, garden tub, shower, and two spacious walk-in closets. Bring all your toys! A 3 car garage with Terrazzo floors, Loads of extra storage will leave plenty of room for additional vehicle or ATVs/Jet Skis etc. The Home has been build to the newest standards in construction & “ENERGY STAR” efficiency with 14 SEER HVAC system, thermal windows. This community is kept extremely clean and is also kept quiet. Close to Brandon Mall, tons of great eateries and the I 75 is just minutes away.

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: Limona Improvement

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k252k

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

Neighborhood: Limona Improvement

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8701624

* 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
Limona Elementary School Primary Regular 553 36 6
Mclane Middle School Middle Regular 756 61 2
Brandon High School High Regular 1,864 116 4

Limona Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 36
6
GreatSchools Rating

Mclane Middle School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 61
2
GreatSchools Rating

Brandon High School

  • Education Level: High
  • # of students: 1,864
  • # of teachers: 116
4
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$1,683$2,057$1,870

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,870
EXPENSES Loan Payment -$1,129
Property Tax -$447
Property Insurance -$172
HOA -$93
Property Management Fees -$129
CASH FLOW
-$100

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.

$325,000

PROJECTED PRICE

$1,870

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
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-$4.0k-$2.0k$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,129

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

4.33

YEARS SAVED

$13,297

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,870

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,940

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7453$1,7954$1,8705$2,100
$2,100
RENT COMPS ANALYSIS
  • 1008 Oakcrest Dr Brandon, FL 4
    • 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2013 4 beds 3 baths ∙ 2,330 Sqft ∙ Built 2013
    • Rent
    • Rent Per SQFT
    •  
    • $1,870
    • $0.80
    •  
  • 608 Berry Bramble Dr Brandon, FL 1
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2002
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 804 Berry Bramble Dr Brandon, FL 2
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2002
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.83
    •  
  • 732 Berry Bramble Dr Brandon, FL 3
    • 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2001 4 beds 2 baths ∙ 2,124 Sqft ∙ Built 2001
    LEASED 12/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.85
    •  
  • 1906 Fruitridge St Brandon, FL 5
    • 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,544 Sqft ∙ Built 2002
    LEASED 11/25/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.83
    •  
PROPERTY LISTING DETAILS
Thomas Flannery
1.813.416.1334
Keller Williams - New Tampa
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288761
Last Updated: 02/06/2021
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