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122 Pauls Dr Brandon, FL 33511

3 Beds 2 Baths 1,096 sqft Built 1960

$189,900

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

January 09, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1960
  • Price/Sqft : $173.27
  • 3 Days on Market
  • MLS # : T3284045
  • Updated Date : 01/09/2021 at 18:35
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,096 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

** A HOME ZONED FOR BUSINESS (BMS/GW) OF LOVE, JOY, LAUGHTER & COMFORT **PLUS it's in a FABULOUS LOCATION** Another MY-DREAMS-WILL-COME-TRUE! DOUBLE-BONUS Property &... a WONDERFUL MARRIAGE of a -CENTRAL - LOCATION Close to SCHOOLS, Shopping, Parks, Recreation, Golf, Boating, Tennis, Fishing, & Commuter Routes, Giving you Easy Access to Routes going to Tampa, USF, MacDill AFB, & Plant City. **A Lovely Home with Numerous Upgrades, Options, Extras & Warm Touches**1,976 Total Enjoyment SF under roof with 1,096 SF Air Conditioned/Heated Living Area **Oversize .31 Acre CORNER LOT **Cozy Designers Kitchen Features a Built-In Microwave, Dishwasher, Clean-Top Range, & Breakfast Bar...Plus more than a DOZEN Kitchen Cabinets Drawers & Doors!**The Carports Patio will be the PERFECT PLACE for Yummy Cookouts and Relaxing Family Fun!** The Dining/Living Rooms are Perfect for Entertaining Friends, and Enjoying the Relaxing Florida Lifestyle! **3 FULL Bedrooms & 2 FULL Bathrooms **2 Oversize Carports/Patios **All this & Much, Much More offer you Many Years of Love, Laughter, Joy & Comfort -Right Here!...Hurry!!

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
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
 

$170,910$208,890$189,900

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$660
Property Tax -$246
Property Insurance -$100
Property Management Fees -$129
CASH FLOW
$246

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.

$189,900

PROJECTED PRICE

$1,380

PROJECTED RENT

0.73%

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

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$56,074

INVESTMENT

$56,074

Down Payment
$47,475
Rehab Estimate
$5,750
Closing Costs
$2,849

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 30% down payment or higher enables the proceeds from the asset to cover all costs.

$660

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $47,475
Loan Amount $142,425
See What Happens When You Reinvest Cash Flow

12.5

YEARS SAVED

$37,051

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.26

    LIST RENT PER SQFT
  • $1,178

    COMP ESTIMATED VALUE
  • $1.08

    COMP AVG. RENT PER SQFT
Comps Range
$1,250
1$1,2502$1,2653$1,2994$1,3505$1,380
$1,380
RENT COMPS ANALYSIS
  • 122 Pauls Dr Brandon, FL 5
    • 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1960 3 beds 2 baths ∙ 1,096 Sqft ∙ Built 1960
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.26
    •  
  • 121 Emily Ln Brandon, FL 1
    • 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 1959
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.07
    •  
  • 806 Elizabeth St Brandon, FL 2
    • 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,176 Sqft ∙ Built 1975
    LEASED 12/26/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,265
    • $1.08
    •  
  • 710 Westbrook Ave Brandon, FL 3
    • 4 beds 2 baths ∙ 1,189 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,189 Sqft ∙ Built 1962
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $1.09
    •  
  • 2215 Elizabeth Dr Brandon, FL 4
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1975
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.06
    •  
PROPERTY LISTING DETAILS
Lawrence W. Bartow, P.a
1.813.684.9500
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284045
Last Updated: 01/09/2021
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