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PROPERTY INFO
FACTS
- Single Family
- Built In 1986
- Price/Sqft : $184.33
- 1 Days on Market
- MLS # : T3317553
- Updated Date : 07/13/2021 at 15:46
CONSTRUCTION
- Beds : 3
- Floor Size : 1,410 sqft
- Baths : 2 full
Listing Agent
Signature Realty Associates
Listing Agent's Description
No HOA or CDD!! Great convenient location! Easy access to to I75, I4 and the crosstown expressway. Only 15-20 minutes to downtown, 5-6 minutes to the Brandon Mall and many shopping locations. This 3/2/2 home has a NEW ROOF this year and RE-PLUMBED in 2019. Large great room with open floor plan and vaulted ceilings. The kitchen bar/opening faces the great room for easy entertaining. New porcelain tile graces the large screened patio for that cool calming feel. So nice to have walk-in closets in the master bedroom and front bedroom. The washer and dryer are conveniently located inside. This is a quiet treed neighborhood on the north side of Brandon in a desirable location. This will go quickly!!
SEE MORE
- 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
Neighborhood: Seffner Community Alliance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Seffner Community Alliance
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,420 |
| EXPENSES | Loan Payment | -$903 |
| Property Tax | -$331 | |
| Property Insurance | -$118 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$61
|
||
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.
$259,900
PROJECTED PRICE
$1,420
PROJECTED RENT
0.55%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 7.3% |
| 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
$74,624
LOAN DETAILS
$903
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,975 |
| Loan Amount | $194,925 |
5.17
YEARS SAVED
$13,403
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,420
LIST RENT -
$1.01
LIST RENT PER SQFT
-
$1,406
COMP ESTIMATED VALUE -
$1
COMP AVG. RENT PER SQFT
Comps Range
-
1409 Shadow Bay Ln Brandon, FL 2
- 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,410 Sqft ∙ Built 1986
![property image]()
- Rent
- Rent Per SQFT
- $1,420
- $1.01
-
1208 Londonwood St Brandon, FL 1
- 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1977
![property image]()
LEASED 10/31/20- Rent
- Rent Per SQFT
- $1,395
- $1.04
-
1613 Loghill Pl Brandon, FL 3
- 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1991
![property image]()
LEASED 04/06/20- Rent
- Rent Per SQFT
- $1,475
- $0.97
-
1604 Dusty Rose Ln Brandon, FL 4
- 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,574 Sqft ∙ Built 1985
![property image]()
LEASED 01/31/20- Rent
- Rent Per SQFT
- $1,549
- $0.98
-
1330 Rustling Oaks Dr Brandon, FL 5
- 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1986
![property image]()
LEASED 07/28/20- Rent
- Rent Per SQFT
- $1,690
- $1.00
PROPERTY LISTING DETAILS
1.813.689.3115
Signature Realty Associates
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3317553
Last Updated: 07/13/2021
