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PROPERTY INFO
FACTS
- Single Family
- Built In 1985
- Price/Sqft : $157.92
- 2 Days on Market
- MLS # : T3291122
- Updated Date : 02/20/2021 at 14:51
CONSTRUCTION
- Beds : 3
- Floor Size : 1,773 sqft
- Baths : 2 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
Beautiful 3 bedroom 2 bathroom home in the heart of Brandon. This property is all about location! Nestled at the end of a quiet street in a cul-de-sac, this home is perfect for a family. Huge lot with a fenced in backyard that opens up to a water view. Massive screened in porch perfect for having large gatherings. Inside, you are greeted with high ceilings and plenty of open space. The home comes with plenty of updates. All updates were completed in 2018/19. Kitchen was remodeled with all new appliances and granite counter tops. Both bathrooms were remodeled with granite as well. New laminate floors are spread throughout the bedrooms and hallways. Other updates include a new A.C. unit, and water softener. Schedule your private showing today!
SEE MORE
- 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)
- 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)
PRICE & RENT TRENDS
Neighborhood: Providence Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Providence Lakes
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,600 |
| EXPENSES | Loan Payment | -$973 |
| Property Tax | -$356 | |
| Property Insurance | -$139 | |
| HOA | -$32 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
-$29
|
||
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.
$280,000
PROJECTED PRICE
$1,600
PROJECTED RENT
0.57%
PROJECTED RENT / PRICE RATIO
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,950
LOAN DETAILS
$973
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
5.58
YEARS SAVED
$16,924
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,600
LIST RENT -
$0.9
LIST RENT PER SQFT
-
$1,746
COMP ESTIMATED VALUE -
$0.98
COMP AVG. RENT PER SQFT
Comps Range
-
1902 White Cedar Way Brandon, FL 1
- 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,773 Sqft ∙ Built 1985
![property image]()
- Rent
- Rent Per SQFT
- $1,600
- $0.90
-
1260 Tuxford Dr Brandon, FL 2
- 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1987
![property image]()
LEASED 06/08/20- Rent
- Rent Per SQFT
- $1,645
- $0.95
-
1410 High Knoll Dr Brandon, FL 3
- 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1987
![property image]()
LEASED 06/15/20- Rent
- Rent Per SQFT
- $1,675
- $0.97
-
2002 Culpepper Dr Brandon, FL 4
- 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 1987
![property image]()
LEASED 10/06/20- Rent
- Rent Per SQFT
- $1,695
- $0.98
-
1907 Coral Tree Ct Brandon, FL 5
- 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,779 Sqft ∙ Built 1986
![property image]()
LEASED 11/22/20- Rent
- Rent Per SQFT
- $1,850
- $1.04
PROPERTY LISTING DETAILS
1.813.817.7528
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291122
Last Updated: 02/20/2021
