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14609 Brentwood Pl Tampa, FL 33618

3 Beds 2 Baths 1,645 sqft Built 1974

$299,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 22, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1974
  • Price/Sqft : $181.76
  • 4 Days on Market
  • MLS # : U8110339
  • Updated Date : 01/23/2021 at 08:24
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,645 sqft
  • Baths : 2 full
Listing Agent

Coastal Properties Group

Listing Agent's Description

Here's your opportunity to be in the fantastic Carrollwood neighborhood of Brentwood!! 3BR/2BA/2CG pool home on a cul-de-sac has an oversized lot with a great backyard. Double door front entry leads to a separate living/dining room and large eat in kitchen with plenty of cabinet and counter space. Comfortable family room has slider access to a back screened lanai and deck with hot tub. Hallway on other side of house has a guest bathroom and leads to Master and two guest bedrooms. Master bedroom has a nice walk in closet, attached bathroom, and slider access to the screened lanai. Enjoy a gorgeous, fenced, park like back yard with a covered gazebo and open pool deck. Great area for family picnics and gatherings! Garage is oversized and gives plenty of space for storage or shelving. This home is only minutes to Dale Mabry Highway which provides easy access to downtown Tampa, the airport, and Raymond James Stadium. Close to great restaurants, shopping, and theaters. Don't let this one get away!

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: Brentwood

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $85k400k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: Brentwood

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Lake Magdalene Elementary School Primary Regular 865 67 5
Adams Middle School Middle Regular 1,017 75 2
Chamberlain High School High Regular 1,772 98 4

Lake Magdalene Elementary School

  • Education Level: Primary
  • # of students: 865
  • # of teachers: 67
5
GreatSchools Rating

Adams Middle School

  • Education Level: Middle
  • # of students: 1,017
  • # of teachers: 75
2
GreatSchools Rating

Chamberlain High School

  • Education Level: High
  • # of students: 1,772
  • # of teachers: 98
4
GreatSchools Rating
 

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

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,039
Property Tax -$368
Property Insurance -$131
HOA -$4
Property Management Fees -$129
CASH FLOW
$139

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

$1,810

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.5%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

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 40% 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

9

YEARS SAVED

$36,235

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $1.1

    LIST RENT PER SQFT
  • $1,933

    COMP ESTIMATED VALUE
  • $1.18

    COMP AVG. RENT PER SQFT
Comps Range
$1,795
1$1,7952$1,8103$1,9504$2,0005$2,195
$2,195
RENT COMPS ANALYSIS
  • 14609 Brentwood Pl Tampa, FL 2
    • 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1974 3 beds 2 baths ∙ 1,645 Sqft ∙ Built 1974
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $1.10
    •  
  • 13916 Briardale Ln Tampa, FL 1
    • 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,500 Sqft ∙ Built 1976
    LEASED 12/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $1.20
    •  
  • 14040 Cascade Ln Tampa, FL 3
    • 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,730 Sqft ∙ Built 1976
    LEASED 09/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $1.13
    •  
  • 13324 Moran Dr Tampa, FL 4
    • 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,633 Sqft ∙ Built 1976
    LEASED 01/16/21
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $1.22
    •  
  • 13722 Wilkes Dr Tampa, FL 5
    • 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 1979 4 beds 3 baths ∙ 1,915 Sqft ∙ Built 1979
    LEASED 11/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $2,195
    • $1.15
    •  
PROPERTY LISTING DETAILS
Cal Cundiff
1.727.278.2619
Coastal Properties Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8110339
Last Updated: 01/23/2021
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