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1501 Dawley Ct Brandon, FL 33511

4 Beds 2 Baths 1,915 sqft Built 1991

$320,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

December 04, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1991
  • Price/Sqft : $167.10
  • 4 Days on Market
  • MLS # : T3270179
  • Updated Date : 12/04/2020 at 09:02
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,915 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Attention home buyers! Here is a great single family home in Brandon Providence Lakes Community! This home offers 4 bedrooms, 2 baths, 2 car garage 1915 Sqft heated living space, and fenced in yard. Move right into this completely renovated home, at this great LOCATION. Kitchen is furnished with stainless steel appliances, quartz countertops, all new cabinets, the entire home is painted in and out, laminated flooring through out exept for wet areas and kitchen, all new doors and trims, new bathrooms, plumbing and light fixtures, ceiling fans throughout, new blinds are just some features to welcome you. Brand new 30 year warranted architechtural shingle roof, new water heater, new fence, new sod on the back yard, a few years old AC system. The entire house has built in hurricane shutters to protect from storms. You must see this beauty to appreciate. Call before it is gone.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

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
 

$288,000$352,000$320,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$1,181
Property Tax -$407
Property Insurance -$148
HOA -$32
Property Management Fees -$129
CASH FLOW
-$116

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.

$320,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.56%

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$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,550

INVESTMENT

$90,550

Down Payment
$80,000
Rehab Estimate
$5,750
Closing Costs
$4,800

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,181

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $80,000
Loan Amount $240,000
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$16,244

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,747

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,545
1$1,5452$1,5953$1,7804$1,9005$1,925
$1,925
RENT COMPS ANALYSIS
  • 1501 Dawley Ct Brandon, FL 3
    • 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1991 4 beds 2 baths ∙ 1,915 Sqft ∙ Built 1991
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.93
    •  
  • 1514 Sakonnet Ct Brandon, FL 1
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1993 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1993
    LEASED 02/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.88
    •  
  • 1612 Westerly Dr Brandon, FL 2
    • 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,759 Sqft ∙ Built 1991
    LEASED 12/18/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.91
    •  
  • 1520 Attleboro Ln Brandon, FL 4
    • 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1988 4 beds 2 baths ∙ 2,040 Sqft ∙ Built 1988
    LEASED 05/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.93
    •  
  • 1514 Attleboro Ln Brandon, FL 5
    • 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
Turan Celiker, Pa
1.813.580.0080
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3270179
Last Updated: 12/04/2020
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