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1414 Hatcher Loop Dr Brandon, FL 33511

4 Beds 2 Baths 1,912 sqft Built 1997

$299,000

List Price

$2,020

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

January 21, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1997
  • Price/Sqft : $156.38
  • 4 Days on Market
  • MLS # : T3285256
  • Updated Date : 01/23/2021 at 19:32
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,912 sqft
  • Baths : 2 full
Listing Agent

Future Home Realty Inc

Listing Agent's Description

***MULTIPLE OFFERS - HIGHEST & BEST DUE BY 5PM ON SUNDAY 1/24.*** Welcome home to PROVIDENCE LAKES! This 4-BEDROOM POOL HOME sits proudly on a LARGE LOT with a PRIVATE FENCED BACKYARD, MATURE LANDSCAPING and a MANICURED FRONT LAWN. NO BACKYARD NEIGHBORS! Well-maintained and CLEAN, this beautiful home offers something for everyone. Live the Florida lifestyle! MULTIPLE SETS OF SLIDING DOORS provide access to the ENORMOUS PATIO and SPARKLING POOL. BRAND NEW POOL RESURFACING (2021)! OPEN LIVING & DINING SPACES and a SPLIT-BEDROOM floor plan! The UPDATED KITCHEN features CUSTOM LIGHT FIXTURES, STAINLESS APPLIANCES, a GAS RANGE, and both an EAT-IN AREA and BAR SEATING. Entertain with ease in the SPACIOUS LIVING ROOM that features HIGH CEILINGS, a BEAUTIFUL FIREPLACE, and TONS OF NATURAL LIGHT! The PRIVATE MASTER SUITE offers VAULTED CEILINGS, a master bathroom with GARDEN TUB and DUAL SINKS, plus a LARGE WALK-IN CLOSET. All bedrooms are spacious with plenty of closet space! Other features of this home include a NEW GAS WATER HEATER (2020), NEWER WATER SOFTENER (2018), NEWER HVAC (2016), and a roof that is only 7 years old. Enjoy this QUIET STREET and the peaceful surroundings of this highly desirable community that offers its residents WALKING TRAILS and FISHING! An AMAZING LOCATION right in the heart of Brandon! Close to shopping and dining, with easy access to the Crosstown and other major highways. Don't miss out! Make your appointment today and MAKE THIS HOME YOURS!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$269,100$328,900$299,000

PURCHASE PRICE

$1,818$2,222$2,020

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,020
EXPENSES Loan Payment -$1,039
Property Tax -$385
Property Insurance -$148
HOA -$32
Property Management Fees -$129
CASH FLOW
$288

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.

$299,000

PROJECTED PRICE

$2,020

PROJECTED RENT

0.68%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k$20k

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$84,985

INVESTMENT

$84,985

Down Payment
$74,750
Rehab Estimate
$5,750
Closing Costs
$4,485

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$1,039

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $74,750
Loan Amount $224,250
See What Happens When You Reinvest Cash Flow

11.17

YEARS SAVED

$49,422

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,020

    LIST RENT
  • $1.06

    LIST RENT PER SQFT
  • $1,659

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,6503$1,8504$1,9255$2,020
$2,020
RENT COMPS ANALYSIS
  • 1414 Hatcher Loop Dr Brandon, FL 5
    • 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 1997 4 beds 2 baths ∙ 1,912 Sqft ∙ Built 1997
    • Rent
    • Rent Per SQFT
    •  
    • $2,020
    • $1.06
    •  
  • 1434 Hatcher Loop Dr Brandon, FL 1
    • 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 1999 4 beds 2 baths ∙ 1,885 Sqft ∙ Built 1999
    LEASED 08/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.79
    •  
  • 1346 Hatcher Loop Dr Brandon, FL 2
    • 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1998 4 beds 2 baths ∙ 1,906 Sqft ∙ Built 1998
    LEASED 03/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $0.87
    •  
  • 1607 Clarit Way Brandon, FL 3
    • 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2001 3 beds 2 baths ∙ 2,095 Sqft ∙ Built 2001
    LEASED 02/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,850
    • $0.88
    •  
  • 1514 Attleboro Ln Brandon, FL 4
    • 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1989 4 beds 2 baths ∙ 2,080 Sqft ∙ Built 1989
    LEASED 09/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,925
    • $0.93
    •  
PROPERTY LISTING DETAILS
Jill Dojka P.a.
1.813.855.4982
Future Home Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3285256
Last Updated: 01/23/2021
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