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1211 Rinkfield Pl Brandon, FL 33511

4 Beds 2 Baths 1,598 sqft Built 1991

$279,900

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $175.16
  • 4 Days on Market
  • MLS # : T3278829
  • Updated Date : 12/04/2020 at 00:01
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,598 sqft
  • Baths : 2 full
Listing Agent

La Rosa Realty The Elite Llc

Listing Agent's Description

Beautiful updated, move in ready home located in Heather Lakes community featuring spacious rooms, 10 foot ceilings, new roof, laminate floors, new cabinets in kitchen & bathrooms, granite countertops, ample car garage, new pool pump and filter system, fresh exterior/interior paint. The rear screened porch and pool area invites to the entertainment of family and friends. Excellent curb appeal in a cul-de-sac street. Call us for more information.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Heather Lakes at Brandon

NeighborhoodNIR Market*CityMarket2010Year2000201980k100k120k140k160k180k200k220k240kPrice in $78k252k

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

Neighborhood: Heather Lakes at Brandon

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8221624

* 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
Mintz Elementary School Primary Regular 865 64 6
Mclane Middle School Middle Regular 756 61 2
Brandon High School High Regular 1,864 116 4

Mintz Elementary School

  • Education Level: Primary
  • # of students: 865
  • # of teachers: 64
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
 

$251,910$307,890$279,900

PURCHASE PRICE

$1,503$1,837$1,670

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,670
EXPENSES Loan Payment -$1,033
Property Tax -$356
Property Insurance -$129
HOA -$25
Property Management Fees -$129
CASH FLOW
-$2

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.

$279,900

PROJECTED PRICE

$1,670

PROJECTED RENT

0.60%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 10.7%
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$79,924

INVESTMENT

$79,924

Down Payment
$69,975
Rehab Estimate
$5,750
Closing Costs
$4,199

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $69,975
Loan Amount $209,925
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$23,973

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,670

    LIST RENT
  • $1.05

    LIST RENT PER SQFT
  • $1,702

    COMP ESTIMATED VALUE
  • $1.07

    COMP AVG. RENT PER SQFT
Comps Range
$1,400
1$1,4002$1,5953$1,6704$1,7255$1,775
$1,775
RENT COMPS ANALYSIS
  • 1211 Rinkfield Pl Brandon, FL 3
    • 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,598 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $1.05
    •  
  • 1523 Birchstone Ave Brandon, FL 1
    • 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2001 3 beds 2 baths ∙ 1,453 Sqft ∙ Built 2001
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,400
    • $0.96
    •  
  • 1235 Alpine Lake Dr Brandon, FL 2
    • 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,464 Sqft ∙ Built 2000
    LEASED 03/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.09
    •  
  • 1318 Sugar Maple Ln Brandon, FL 4
    • 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2000 3 beds 2 baths ∙ 1,554 Sqft ∙ Built 2000
    LEASED 05/22/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.11
    •  
  • 1308 Rinkfield Pl Brandon, FL 5
    • 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,608 Sqft ∙ Built 1995
    LEASED 09/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $1.10
    •  
PROPERTY LISTING DETAILS
Mayling Marquez
1.813.454.5741
La Rosa Realty The Elite Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278829
Last Updated: 12/04/2020
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