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1303 Chilt Dr Brandon, FL 33510

3 Beds 2 Baths 2,479 sqft Built 1970

INVESTimate

$280,000

List Price

$1,650

$1,485 - $1,815

Rent Est.

$300,468  ( +7.31%)   1 YR EST. FORECAST

PROPERTY INFO

August 25, 2020 RECENTLY ADDED
FACTS
  • Built In 1970
  • Price/Sqft : $112.95
  • 3 Days on Market
  • MLS # : T3261246
  • Updated Date : 08/25/2020 at 04:36
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,479 sqft
  • Baths : 2 full
Listing Agent

Real Property Management Tampa St. Pete

Listing Agent's Description

VERY LARGE BRANDON POOL HOME. This spacious 3 bedroom, 2 bathroom pool home boasts a living room, den and bonus room. French doors lead to a screened patio perfect for all your entertaining needs. The large fenced in backyard features a beautiful in-ground swimming. Located on an established street close to everything the Brandon area has to offer. Minutes to shopping and I-75 for easy commuting to the entire bay area. NEW PLUMBING (2020), CENTRAL AIR/HEAT (2014), WATER HEATER (2008), ROOF (2005)

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: Seffner Community Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k252k

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

Neighborhood: Seffner Community Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8541624

* 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
Seffner Elementary School Primary Regular 708 55 3
Mann Middle School Middle Regular 1,096 68 3
Brandon High School High Regular 1,864 116 4

Seffner Elementary School

  • Education Level: Primary
  • # of students: 708
  • # of teachers: 55
3
GreatSchools Rating

Mann Middle School

  • Education Level: Middle
  • # of students: 1,096
  • # of teachers: 68
3
GreatSchools Rating

Brandon High School

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

$252,000$308,000$280,000

PURCHASE PRICE

$1,485$1,815$1,650

RENT

DOWN PAYMENT
FINANCING

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$100k$200k$300k$400k$500k$600k$700k$800k$900k

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,650
EXPENSES Loan Payment -$1,033
Property Tax -$364
Property Insurance -$181
Property Management Fees -$80
CASH FLOW
-$8

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.

$280,000

PROJECTED PRICE

$1,650

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.31%
Maintenance Year (1-5) 8.00%
Vacancy 5.27%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

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 $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$22,304

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,650

    LIST RENT
  • $0.67

    LIST RENT PER SQFT
  • $1,694

    COMP ESTIMATED VALUE
  • $0.68

    COMP AVG. RENT PER SQFT
Comps Range
$1,525
1$1,5252$1,6003$1,6504$1,695
$1,695
RENT COMPS ANALYSIS
  • 1303 Chilt Dr Brandon, 3
    • 3 beds 2 baths ∙ 2,479 Sqft ∙ Built 1970 3 beds 2 baths ∙ 2,479 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.67
    •  
  • 1101 Seffner Valrico Rd Valrico, 1
    • 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 1973 3 beds 2 baths ∙ 2,156 Sqft ∙ Built 1973
    LEASED 02/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.71
    •  
  • 502 W Hilda Dr Brandon, 2
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1963
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.65
    •  
  • 815 N Valrico Rd Valrico, 4
    • 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1955 4 beds 3 baths ∙ 2,466 Sqft ∙ Built 1955
    LEASED 10/02/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.69
    •  
PROPERTY LISTING DETAILS
Audrey Mahon
1.813.416.5972
Real Property Management Tampa St. Pete
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3261246
Last Updated: 08/25/2020
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