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1246 Tuxford Dr Brandon, FL 33511

3 Beds 2 Baths 1,493 sqft Built 1988

INVESTimate

$234,900

List Price

$1,480

$1,332 - $1,628

Rent Est.

$251,507  ( +7.07%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1988
  • Price/Sqft : $157.33
  • 3 Days on Market
  • MLS # : T3261251
  • Updated Date : 08/25/2020 at 21:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,493 sqft
  • Baths : 2 full
Listing Agent

Charles Rutenberg Realty Inc

Listing Agent's Description

Curb appeal and pride of ownership is noticed at first site. As you enter the home you will notice the large living room with fireplace and vaulted ceilings. To the right off the living room is the garage with stained floors for easy care. As you leave the living room area you will notice the second bedroom, third bedroom, second bathroom and laundry closet down a hallway to the left. In front of you is the dining room that overlooks the rear screened in patio. The master bedroom is to the right and easily accommodate a king size bedroom set. The master bath and the second bath have both been updated and would satisfy anyones style. The kitchen is on the back side of the home with french doors onto the screened in patio. The kitchen is large and can accommodate a eat in table. All the appliances are updated with stainless steel even thou the kitchen is original it has been well maintained. The rear lawn is a great size for throwing a softball or to add a pool. Relaxing on your patio or rear lawn is tranquil with the view of the pond and great for entertaining.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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)

PRICE & RENT TRENDS

Neighborhood: Providence Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k253k

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

Neighborhood: Providence Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781628

* 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
Riverview High School High Regular 2,387 128 6

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

Riverview High School

  • Education Level: High
  • # of students: 2,387
  • # of teachers: 128
6
GreatSchools Rating
 

$211,410$258,390$234,900

PURCHASE PRICE

$1,332$1,628$1,480

RENT

DOWN PAYMENT
FINANCING

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,480
EXPENSES Loan Payment -$867
Property Tax -$299
Property Insurance -$123
HOA -$31
Property Management Fees -$80
CASH FLOW
$80

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.

$234,900

PROJECTED PRICE

$1,480

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.07%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$67,999

INVESTMENT

$67,999

Down Payment
$58,725
Rehab Estimate
$5,750
Closing Costs
$3,524

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$867

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $58,725
Loan Amount $176,175
See What Happens When You Reinvest Cash Flow

8

YEARS SAVED

$28,475

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,480

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,538

    COMP ESTIMATED VALUE
  • $1.03

    COMP AVG. RENT PER SQFT
Comps Range
$1,480
1$1,4802$1,5003$1,5004$1,5955$1,700
$1,700
RENT COMPS ANALYSIS
  • 1246 Tuxford Dr Brandon, 1
    • 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,493 Sqft ∙ Built 1988
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,480
    • $0.99
    •  
  • 1418 Cloverfield Dr Brandon, 2
    • 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,400 Sqft ∙ Built 1986
    property image
    LEASED 10/12/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $1.07
    •  
  • 1737 Wakefield Dr Brandon, 3
    • 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1995 3 beds 2 baths ∙ 1,604 Sqft ∙ Built 1995
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.94
    •  
  • 1529 High Knoll Dr Brandon, 4
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1986
    property image
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.05
    •  
  • 1625 Wakefield Dr Brandon, 5
    • 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,602 Sqft ∙ Built 1996
    property image
    LEASED 09/21/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $1.06
    •  
PROPERTY LISTING DETAILS
Randy Cannon
1.813.785.9100
Charles Rutenberg Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3261251
Last Updated: 08/25/2020
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