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1406 Woodstork Dr 
Brandon, FL
33511
4 Beds 2 Baths 1,949 sqft
Built 1987
INVESTimate
$259,000
List Price
$74,385
REQUEST INFO
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PROPERTY INFO
FACTS
- Built In 1987
- Price/Sqft : $132.89
- 3 Days on Market
- MLS # : T3261240
- Updated Date : 08/25/2020 at 13:52
CONSTRUCTION
- Beds : 4
- Floor Size : 1,949 sqft
- Baths : 2 full
Listing Agent
Charles Rutenberg Realty Inc
Listing Agent's Description
MORE PICTURES TO COME... WELCOME TO THIS BEAUTIFUL PROVIDENCE LAKES HOME WITH 1949SF WITH 4 BEDROOMS AND 2 BATHS PLUS 441SF BONUS CONVERTED GARAGE. ENTRY FOYER LEADS TO LARGE FAMILY ROOM WITH CATHEDRAL CEILINGS AND TILE FLOORS. SEPARATE TILED DINING ROOM AND FULL SIZE KITCHEN WITH CLOSET PANTRY, TILE BACKSPLASH AND FLOORS, MICROWAVE RANGE HOOD AND APPLIANCES. SPLIT PLAN, MASTER BEDROOM WITH SPACIOUS WALK-IN CLOSET, SEPARATE BATH WITH SHOWER , PEDESTAL SINK. BEDROOM 2 AND 3 SHARE HALL BATH. PERMITTED ADDITION ON BACK OF HOUSE COULD BE 4TH BEDROOM (HAS CLOSET) OR STUDY. LARGE FENCED BACK YARD. 2 CAR GARAGE CONVERTED TO ROOM AND INSIDE LAUNDRY, COULD BE CONVERTED BACK TO GARAGE AS DOOR STILL INTACT.
SEE MORE
- 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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Providence Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,640 |
| EXPENSES | Loan Payment | -$956 |
| Property Tax | -$330 | |
| Property Insurance | -$150 | |
| HOA | -$27 | |
| Property Management Fees | -$80 | |
|
CASH FLOW
$98
|
||
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.
$259,000
PROJECTED PRICE
$1,640
PROJECTED RENT
0.63%
PROJECTED RENT / PRICE RATIO
| 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
INVESTMENT
$74,385
LOAN DETAILS
$956
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $64,750 |
| Loan Amount | $194,250 |
8.17
YEARS SAVED
$32,376
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,640
LIST RENT -
$0.84
LIST RENT PER SQFT
-
$1,696
COMP ESTIMATED VALUE -
$0.87
COMP AVG. RENT PER SQFT
Comps Range
-
1406 Woodstork Dr Brandon, 4
- 4 beds 2 baths ∙ 1,949 Sqft ∙ Built 1987 4 beds 2 baths ∙ 1,949 Sqft ∙ Built 1987
- Rent
- Rent Per SQFT
- $1,640
- $0.84
-
1658 Portsmouth Lake Dr Brandon, 1
- 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,761 Sqft ∙ Built 1992
LEASED 09/17/19- Rent
- Rent Per SQFT
- $1,500
- $0.85
-
1233 Alpine Lake Dr Brandon, 2
- 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,880 Sqft ∙ Built 1998
LEASED 12/03/19- Rent
- Rent Per SQFT
- $1,595
- $0.85
-
1612 Westerly Dr Brandon, 3
- 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1991
LEASED 12/18/19- Rent
- Rent Per SQFT
- $1,595
- $0.91
-
1415 Woodstork Dr Brandon, 5
- 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 1985
LEASED 04/29/20- Rent
- Rent Per SQFT
- $1,699
- $0.87
PROPERTY LISTING DETAILS
1.813.808.5555
Charles Rutenberg Realty Inc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3261240
Last Updated: 08/25/2020
