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1409 Shadow Bay Ln Brandon, FL 33510

3 Beds 2 Baths 1,410 sqft Built 1986

$259,900

List Price

$1,420

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
July 13, 2021 RECENTLY ADDED
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

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

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
Limona Elementary School Primary Regular 553 36 6
Mclane Middle School Middle Regular 756 61 2
Brandon High School High Regular 1,864 116 4

Limona Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 36
6
GreatSchools Rating

Mclane Middle School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 61
2
GreatSchools Rating

Brandon High School

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

$233,910$285,890$259,900

PURCHASE PRICE

$1,278$1,562$1,420

RENT

DOWN PAYMENT
FINANCING

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

ASSUMPTIONS

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
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$74,624

INVESTMENT

$74,624

Down Payment
$64,975
Rehab Estimate
$5,750
Closing Costs
$3,899

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$903

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $64,975
Loan Amount $194,925
See What Happens When You Reinvest Cash Flow

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
$1,395
1$1,3952$1,4203$1,4754$1,5495$1,690
$1,690
RENT COMPS ANALYSIS
  • 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
Paula Paradise
1.813.689.3115
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3317553
Last Updated: 07/13/2021
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