Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

1611 Burning Tree Ln Brandon, FL 33510

4 Beds 3 Baths 1,846 sqft Built 1986

$215,000

List Price

$1,680

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

January 01, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $116.47
  • 3 Days on Market
  • MLS # : T3282798
  • Updated Date : 01/02/2021 at 10:13
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,846 sqft
  • Baths : 2 full , 1 half
Listing Agent

Re/max Alliance Group

Listing Agent's Description

New Year Special priced to sell! 4 BED 2.5 BATH Fully fenced for the safety of your favorite family members and furry friends! Large Storage shed with electric and gate that will open for your boat or other toys! **NO HOA** Newer laminate floors installed. Newer stainless steel appliances! Enjoy a wood burning fireplace! AC 2018 LIMITED INVENTORY at this price point! Great Location! Do not wait or you may be too late!

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: Kensington

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280kPrice in $85k296k

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

Neighborhood: Kensington

NeighborhoodNIR Market*CityMarket2010Year20002019 Q290010001100120013001400150016001700Rent in $8781705

* 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
Schmidt Elementary School Primary Regular 617 50 3
Mclane Middle School Middle Regular 756 61 2
Brandon High School High Regular 1,864 116 4

Schmidt Elementary School

  • Education Level: Primary
  • # of students: 617
  • # of teachers: 50
3
GreatSchools Rating

Mclane Middle School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 61
2
GreatSchools Rating

Brandon High School

  • Education Level: High
  • # of students: 1,864
  • # of teachers: 116
4
GreatSchools Rating
 

$193,500$236,500$215,000

PURCHASE PRICE

$1,512$1,848$1,680

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,680
EXPENSES Loan Payment -$793
Property Tax -$303
Property Insurance -$144
Property Management Fees -$129
CASH FLOW
$311

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.

$215,000

PROJECTED PRICE

$1,680

PROJECTED RENT

0.78%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 8.4%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$62,725

INVESTMENT

$62,725

Down Payment
$53,750
Rehab Estimate
$5,750
Closing Costs
$3,225

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 25% down payment or higher enables the proceeds from the asset to cover all costs.

$793

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $53,750
Loan Amount $161,250
See What Happens When You Reinvest Cash Flow

13.25

YEARS SAVED

$51,911

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,680

    LIST RENT
  • $0.91

    LIST RENT PER SQFT
  • $1,680

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6804$1,6955$1,700
$1,700
RENT COMPS ANALYSIS
  • 1611 Burning Tree Ln Brandon, FL 3
    • 4 beds 3 baths ∙ 1,846 Sqft ∙ Built 1986 4 beds 3 baths ∙ 1,846 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,680
    • $0.91
    •  
  • 1631 Open Field Loop Brandon, FL 1
    • 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,765 Sqft ∙ Built 2001
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.88
    •  
  • 1623 Dogwood Ln Brandon, FL 2
    • 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 1985 4 beds 2 baths ∙ 1,835 Sqft ∙ Built 1985
    LEASED 02/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
  • 1630 Cresson Ridge Ln Brandon, FL 4
    • 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,825 Sqft ∙ Built 2003
    LEASED 07/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.93
    •  
  • 1911 Red Fox Ln Brandon, FL 5
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1979
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.96
    •  
PROPERTY LISTING DETAILS
Jason Mcintosh
1.813.703.0683
Re/max Alliance Group
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282798
Last Updated: 01/02/2021
BESbswy