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1019 Greenbriar Dr Brandon, FL 33511

3 Beds 2 Baths 1,506 sqft Built 1971

$230,000

List Price

$1,490

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1971
  • Price/Sqft : $152.72
  • 6 Days on Market
  • MLS # : T3273319
  • Updated Date : 10/30/2020 at 08:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,506 sqft
  • Baths : 2 full
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

No HOA, 3/2, 1506 SF .2 Acre Fenced Lot. Heart Of Brandon. Fresh Stucco and Paint on Exterior, Metal Roof, Brand New Kitchen with New Wood Cabinets, Granite Counters, Stainless Steel Appliances, Big Screened Lanai. Optional 4th bedroom or Office. AC Handler 2019, Compressor Unit 2011, Water heater 2016, Roof 2012. Walking Distance to Bloomingdale and Kings ave. Awesome Home.

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
Kingswood Elementary School Primary Regular 608 51 4
Rodgers Middle School Middle Regular 719 49 3
Riverview High School High Regular 2,387 128 6

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 608
  • # of teachers: 51
4
GreatSchools Rating

Rodgers Middle School

  • Education Level: Middle
  • # of students: 719
  • # of teachers: 49
3
GreatSchools Rating

Riverview High School

  • Education Level: High
  • # of students: 2,387
  • # of teachers: 128
6
GreatSchools Rating
 

$207,000$253,000$230,000

PURCHASE PRICE

$1,341$1,639$1,490

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,490
EXPENSES Loan Payment -$849
Property Tax -$293
Property Insurance -$124
Property Management Fees -$80
CASH FLOW
$145

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.

$230,000

PROJECTED PRICE

$1,490

PROJECTED RENT

0.65%

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

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$66,700

INVESTMENT

$66,700

Down Payment
$57,500
Rehab Estimate
$5,750
Closing Costs
$3,450

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$849

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,500
Loan Amount $172,500
See What Happens When You Reinvest Cash Flow

9.58

YEARS SAVED

$35,954

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,490

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,483

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,349
1$1,3492$1,3503$1,4904$1,4955$1,495
$1,495
RENT COMPS ANALYSIS
  • 1019 Greenbriar Dr Brandon, FL 3
    • 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,506 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,490
    • $0.99
    •  
  • 816 Centerwood Ct Brandon, FL 1
    • 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1977
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,349
    • $0.97
    •  
  • 611 Sanfield St Brandon, FL 2
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1972
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 3715 Coppertree Cir Brandon, FL 4
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1979
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 3214 Acapulco Dr Riverview, FL 5
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1983
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
PROPERTY LISTING DETAILS
Timothy Gross
1.813.245.1993
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273319
Last Updated: 10/30/2020
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