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1508 Lions Club Dr Brandon, FL 33511

4 Beds 3 Baths 2,485 sqft Built 1999

$350,000

List Price

$2,030

$1.8K - $2.2K

Rent Est.

PROPERTY INFO

December 13, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1999
  • Price/Sqft : $140.85
  • 2 Days on Market
  • MLS # : T3280404
  • Updated Date : 12/13/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,485 sqft
  • Baths : 2 full , 1 half
Listing Agent

Homexpress Realty, Inc.

Listing Agent's Description

SELLER IS MOTIVATED TO SELL..........Come see this home in the wonderful community of Providence Lakes in Brandon. 2 story home with master bedroom on 1st floor.

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
 

$315,000$385,000$350,000

PURCHASE PRICE

$1,827$2,233$2,030

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,030
EXPENSES Loan Payment -$1,291
Property Tax -$482
Property Insurance -$181
HOA -$32
Property Management Fees -$129
CASH FLOW
-$85

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.

$350,000

PROJECTED PRICE

$2,030

PROJECTED RENT

0.58%

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

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$98,500

INVESTMENT

$98,500

Down Payment
$87,500
Rehab Estimate
$5,750
Closing Costs
$5,250

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,291

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $87,500
Loan Amount $262,500
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$20,976

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $2,030

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,118

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$2,0253$2,0304$2,1455$2,300
$2,300
RENT COMPS ANALYSIS
  • 1508 Lions Club Dr Brandon, FL 3
    • 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,485 Sqft ∙ Built 1999
    • Rent
    • Rent Per SQFT
    •  
    • $2,030
    • $0.82
    •  
  • 1332 Hatcher Loop Dr Brandon, FL 1
    • 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,185 Sqft ∙ Built 1999
    LEASED 07/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.78
    •  
  • 1243 Alpine Lake Dr Brandon, FL 2
    • 3 beds 3 baths ∙ 2,450 Sqft ∙ Built 1998 3 beds 3 baths ∙ 2,450 Sqft ∙ Built 1998
    LEASED 09/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,025
    • $0.83
    •  
  • 1625 Compton St Brandon, FL 4
    • 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1992 4 beds 3 baths ∙ 2,304 Sqft ∙ Built 1992
    LEASED 12/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,145
    • $0.93
    •  
  • 223 Rosana Dr Brandon, FL 5
    • 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1999 4 beds 3 baths ∙ 2,647 Sqft ∙ Built 1999
    LEASED 07/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,300
    • $0.87
    •  
PROPERTY LISTING DETAILS
Carla Theophille
1.813.641.2500
Homexpress Realty, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280404
Last Updated: 12/13/2020
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