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1203 Ballard Green Pl Brandon, FL 33511

5 Beds 3 Baths 2,620 sqft Built 2014

$325,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $124.05
  • 5 Days on Market
  • MLS # : T3284775
  • Updated Date : 01/14/2021 at 01:00
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,620 sqft
  • Baths : 3 full
Listing Agent

Xpress Property Resource,inc

Listing Agent's Description

Welcome to Brandon Pointe where you will find this amazing home with water views. Brandon Pointe is a limited maintenance community with no CDD fees and only $160 a month which includes all your lawn care, water bill (inside and out), pool and is gated. Located near the Brandon Square Mall and 5 minutes to the Leroy Selmon Expressway with easy access to downtown and MacDill. Enter into the large foyer where you will find a secondary bedroom or office with beautiful wood laminate flooring and full bath. Enormous great room design. The Kitchen with the elegant 42” White Maple Cabinets with crown molding, Granite Counter Tops and Stainless-Steel Appliances look out onto the great room and living room. All living areas have ceramic tile. Loads of window with views of the water at every angle. Covered Lanai area with an extension and pool size enclosure allows you to relax and enjoy the amazing views. On the second floor you will find a loft area for family entertainment and 3 oversized secondary bedrooms and hall bath. The Master Bedroom is extremely large and will accommodate large furniture. The Master Bath features dual sinks, granite counter tops, garden soaking tub and separate shower. This home has a newer 5-ton HVAC system. Enjoy low bills in this energy efficient 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
Lamb Elementary School Primary Regular NA
Mclane Middle School Middle Regular 756 61 2
Spoto High School High Regular 1,449 88 3

Lamb Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Mclane Middle School

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

Spoto High School

  • Education Level: High
  • # of students: 1,449
  • # of teachers: 88
3
GreatSchools Rating
 

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

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,129
Property Tax -$414
Property Insurance -$189
HOA -$160
Property Management Fees -$129
CASH FLOW
$0

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

$2,020

PROJECTED RENT

0.62%

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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$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$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 50% 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

5.67

YEARS SAVED

$21,062

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $0.77

    LIST RENT PER SQFT
  • $1,985

    COMP ESTIMATED VALUE
  • $0.76

    COMP AVG. RENT PER SQFT
Comps Range
$1,800
1$1,8002$1,8003$1,9004$1,9505$2,020
$2,020
RENT COMPS ANALYSIS
  • 1203 Ballard Green Pl Brandon, FL 5
    • 5 beds 3 baths ∙ 2,620 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,620 Sqft ∙ Built 2014
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $0.77
    •  
  • 1140 Ballard Green Pl Brandon, FL 1
    • 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2014
    property image
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 2715 Garden Falls Dr Brandon, FL 2
    • 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2015
    property image
    LEASED 08/12/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.77
    •  
  • 2733 Hampton Green Ln Brandon, FL 3
    • 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 2014
    property image
    LEASED 11/11/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.73
    •  
  • 2728 Garden Falls Dr Brandon, FL 4
    • 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2014
    property image
    LEASED 07/31/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
PROPERTY LISTING DETAILS
Katie Greene
1.813.548.2693
Xpress Property Resource,inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284775
Last Updated: 01/14/2021
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