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1012 Oliveto Verdi Ct Brandon, FL 33511

5 Beds 4 Baths 2,508 sqft Built 2016

$373,000

List Price

$2,150

$1.9K - $2.4K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 19, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2016
  • Price/Sqft : $148.72
  • 3 Days on Market
  • MLS # : T3291149
  • Updated Date : 02/19/2021 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,508 sqft
  • Baths : 3 full , 1 half
Listing Agent

Exit Bayshore Realty

Listing Agent's Description

Welcome to the vibrant and perfectly located "La Collina" gated community. Right away you will spot the beautiful community club house and pool area located near the front entry. As you make your way through this highly desired neighborhood, you will be taken in by the decorative paved driveways, tile roofs and lush landscaping that is cared for by the HOA. That's right, your new home includes yard maintenance and watering. The elevation of this home is incredible with both a front porch and screened back patio. It boasts 5 bedrooms, 3 full baths & another 1/2 bathroom- along with a bonus room. The floor plan is open and airy, and beautiful tile greats you at the front door and continues through the downstairs. The kitchen is filled with solid wood cabinets, granite countertops , pendent lighting, and stainless steal appliances. There are plenty of windows and lots of space for entertaining. How would you like to use a mud room to hang up your backpack or coat? This home has one as you come in through the garage. The master bedroom is located on the first floor. It has an incredible en suite with a glass shower, dual sinks, plenty of cabinets and a separate toilet room. The Cabinets in all the bathrooms are wood and all have the matching granite. The enormous walk in closet opens to the laundry room! Upstairs everyone can have their own space in any of the 4 ample bedrooms, and still get together in the bonus room for a game of pool, a movie, or homeschool. You get to decide.

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

Zip Code: 33511

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k256k

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

Zip Code: 33511

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781644

* 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
Brooker Elementary School Primary Regular 920 72 4
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Brooker Elementary School

  • Education Level: Primary
  • # of students: 920
  • # of teachers: 72
4
GreatSchools Rating

Burns Middle School

  • Education Level: Middle
  • # of students: 1,255
  • # of teachers: 75
7
GreatSchools Rating

Bloomingdale High School

  • Education Level: High
  • # of students: 2,191
  • # of teachers: 118
6
GreatSchools Rating
 

$335,700$410,300$373,000

PURCHASE PRICE

$1,935$2,365$2,150

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,150
EXPENSES Loan Payment -$1,296
Property Tax -$475
Property Insurance -$182
HOA -$140
Property Management Fees -$129
CASH FLOW
-$72

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.

$373,000

PROJECTED PRICE

$2,150

PROJECTED RENT

0.58%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.9%
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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$104,595

INVESTMENT

$104,595

Down Payment
$93,250
Rehab Estimate
$5,750
Closing Costs
$5,595

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,296

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $93,250
Loan Amount $279,750
See What Happens When You Reinvest Cash Flow

4.92

YEARS SAVED

$18,617

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,150

    LIST RENT
  • $0.86

    LIST RENT PER SQFT
  • $2,107

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8953$1,9254$2,1505$2,295
$2,295
RENT COMPS ANALYSIS
  • 1012 Oliveto Verdi Ct Brandon, FL 4
    • 5 beds 4 baths ∙ 2,508 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,508 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,150
    • $0.86
    •  
  • 720 Tuscanny St Brandon, FL 1
    • 4 beds 3 baths ∙ 2,223 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,223 Sqft ∙ Built 1999
    LEASED 08/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.76
    •  
  • 803 Sandcastle Cir Brandon, FL 2
    • 5 beds 2 baths ∙ 2,321 Sqft ∙ Built 1997 5 beds 2 baths ∙ 2,321 Sqft ∙ Built 1997
    LEASED 01/24/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.82
    •  
  • 1016 Sweet Breeze Dr Valrico, FL 3
    • 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,237 Sqft ∙ Built 2003
    LEASED 12/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.86
    •  
  • 1022 Oliveto Verdi Ct Brandon, FL 5
    • 5 beds 4 baths ∙ 2,497 Sqft ∙ Built 2016 5 beds 4 baths ∙ 2,497 Sqft ∙ Built 2016
    LEASED 09/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.92
    •  
PROPERTY LISTING DETAILS
Michelle Fowles
1.813.503.1213
Exit Bayshore Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3291149
Last Updated: 02/19/2021
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