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1413 Beth Page Ct Brandon, FL 33511

3 Beds 2 Baths 1,806 sqft Built 1997

$297,000

List Price

$1,620

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

February 11, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $164.45
  • 4 Days on Market
  • MLS # : U8113026
  • Updated Date : 02/12/2021 at 09:23
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,806 sqft
  • Baths : 2 full
Listing Agent

Jack Keller Inc

Listing Agent's Description

Prepare to fall in love with this beatuful home in a oversized all around fenced lot tucked back on a quiet cul-de-sac in Providence Lakes. Family friendly community with a large park & playground! Pride of ownership is evident with the meticulous landscaping and attractive entrance. Inside awaits over 1,800 sqft of living space! This open floor plan offers plenty of room for a growing family. A large living room overlooks the family room and features tall vaulted ceiling. A separate den that can be used for office space! The remodeled kitchen is the heart of the home with granite counters, stainless appliances, a sunny breakfast nook, and an island with a built in wine fridge! The large family room is another amazing gathering space with French doors leading to the covered patio! Brand new tile floor throughout the house. A two way split floor plan offers plenty of privacy with the master suite secluded on one side of the home. This suite features a nice sitting area, bay windows and beautiful remodeled attached bathroom with dual sinks, jetted tub and seamless glass shower! Both second bedrooms offer ample closet space and a second full bathroom in between. You will have peace of mind knowing that the water heater was replaced in 2015. Indoor carpeting in bedrooms only. Windows were replaced with energy efficient double pane in 2013! Spacious 2-car garage. Outside, you will enjoy the peace and quiet on your covered patio with plenty of room to play in the back yard!

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
 

$267,300$326,700$297,000

PURCHASE PRICE

$1,458$1,782$1,620

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,620
EXPENSES Loan Payment -$1,032
Property Tax -$378
Property Insurance -$141
HOA -$32
Property Management Fees -$129
CASH FLOW
-$91

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.

$297,000

PROJECTED PRICE

$1,620

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.1%
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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$84,455

INVESTMENT

$84,455

Down Payment
$74,250
Rehab Estimate
$5,750
Closing Costs
$4,455

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,032

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,250
Loan Amount $222,750
See What Happens When You Reinvest Cash Flow

4.5

YEARS SAVED

$13,019

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,620

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,643

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,575
1$1,5752$1,6203$1,6994$1,7505$1,795
$1,795
RENT COMPS ANALYSIS
  • 1413 Beth Page Ct Brandon, FL 2
    • 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1997 3 beds 2 baths ∙ 1,806 Sqft ∙ Built 1997
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,620
    • $0.90
    •  
  • 1708 Scotch Pine Dr Brandon, FL 1
    • 3 beds 3 baths ∙ 1,711 Sqft ∙ Built 1997 3 beds 3 baths ∙ 1,711 Sqft ∙ Built 1997
    property image
    LEASED 05/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.92
    •  
  • 1415 Woodstork Dr Brandon, FL 3
    • 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,958 Sqft ∙ Built 1985
    property image
    LEASED 04/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,699
    • $0.87
    •  
  • 1607 Scotch Pine Dr Brandon, FL 4
    • 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 1996 4 beds 2 baths ∙ 2,005 Sqft ∙ Built 1996
    property image
    LEASED 09/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.87
    •  
  • 1506 Scotch Pine Dr Brandon, FL 5
    • 3 beds 3 baths ∙ 1,832 Sqft ∙ Built 1995 3 beds 3 baths ∙ 1,832 Sqft ∙ Built 1995
    property image
    LEASED 09/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.98
    •  
PROPERTY LISTING DETAILS
Jack Keller
1.727.586.1497
Jack Keller Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8113026
Last Updated: 02/12/2021
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