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122 W Brentridge Dr Brandon, FL 33511

3 Beds 2 Baths 1,804 sqft Built 1966

$299,000

List Price

$1,670

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1966
  • Price/Sqft : $165.74
  • 3 Days on Market
  • MLS # : T3291687
  • Updated Date : 02/26/2021 at 16:46
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,804 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade Inc

Listing Agent's Description

Gorgeous 3/2 on a 1/3 acre corner lot in the heart of Brandon. 1800+ sq ft with living room, dining room, family room with wood-burning fireplace, and covered patio. Freshly painted inside & out, and beautifully updated with new cabinets & vanities, new oak grain laminate flooring, new baseboards & trim, new closet doors. Master bath has a walk-in shower and the guest bath shower/tub combo has been beautifully reglazed. Newer appliances, including front-loading washer & dryer in the oversized 2-car garage. Oversized commercial-grade A/C keeps power bills low. Concrete block wall around perimeter of backyard with a double gate for a boat or RV. NO HOA, NO CDD. This home is completely move-in ready, and it's a gem!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • One of the best cost-friendly American cities to do business (KPMG)

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
Brandon High School High Regular 1,864 116 4

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

Brandon High School

  • Education Level: High
  • # of students: 1,864
  • # of teachers: 116
4
GreatSchools Rating
 

$269,100$328,900$299,000

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 -$1,039
Property Tax -$381
Property Insurance -$141
Property Management Fees -$129
CASH FLOW
-$19

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.

$299,000

PROJECTED PRICE

$1,670

PROJECTED RENT

0.56%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

5.75

YEARS SAVED

$19,426

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
  • $0.93

    LIST RENT PER SQFT
  • $1,750

    COMP ESTIMATED VALUE
  • $0.97

    COMP AVG. RENT PER SQFT
Comps Range
$1,670
1$1,6702$1,7003$1,7754$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 122 W Brentridge Dr Brandon, FL 1
    • 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1966 3 beds 2 baths ∙ 1,804 Sqft ∙ Built 1966
    • Rent
    • Rent Per SQFT
    •  
    • $1,670
    • $0.93
    •  
  • 731 Sailfish Dr Brandon, FL 2
    • 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,793 Sqft ∙ Built 1978
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.95
    •  
  • 226 Van Gogh Cir Brandon, FL 3
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1972
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.97
    •  
  • 1806 Lido Dr Brandon, FL 4
    • 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1979
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 523 Oak Creek Dr Brandon, FL 5
    • 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1986 3 beds 3 baths ∙ 1,906 Sqft ∙ Built 1986
    LEASED 01/09/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $1.00
    •  
PROPERTY LISTING DETAILS
Walt Simkus
1.813.400.7587
Dalton Wade Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3291687
Last Updated: 02/26/2021
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