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PROPERTY INFO
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
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33511
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$56,074
LOAN DETAILS
$660
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $47,475 |
| Loan Amount | $142,425 |
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
-
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
1.813.684.9500
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3284045
Last Updated: 01/09/2021
