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1905 Brandon Brook Rd Valrico, FL 33594

3 Beds 3 Baths 1,719 sqft Built 1988

$265,000

List Price

$1,520

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

January 14, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1988
  • Price/Sqft : $154.16
  • 4 Days on Market
  • MLS # : T3284676
  • Updated Date : 01/16/2021 at 16:32
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,719 sqft
  • Baths : 2 full , 1 half
Listing Agent

Florida Executive Realty

Listing Agent's Description

Beautifully maintained Brandon Brook 2 story home situated on a fantastic corner lot. Upon entering, you'll be impressed with the open feel and natural light spilling into the living room/dining room combination. With the large eat-in kitchen, the formal dining room can be used as flex space based on your individual needs. The updated kitchen features plenty of storage and cabinetry, stone counters and stainless steel appliances including a smooth top range with double ovens. On the first floor is a half bath with full laundry closet and large under-stair storage area. The second floor provides an open view of the living room and dining room and has a split bedroom plan. The master bedroom has an en suite bathroom that includes a double vanity, walk in shower and garden tub. The secondary bedrooms share a second full bath upstairs. Within the private fenced yard there is a lovely patio and storage shed. Upgrades and updates to the home include 6' vinyl fence (2011), remodeled kitchen (2012), HVAC (2014), water heater (2016), master bath tile and granite (2017), NEW ROOF (2017), NEW WINDOWS and SLIDER (2018), NEW FLOORS and INTERIOR PAINT (2019). Brandon Brook is a quiet, 470 home deed restricted community that has a community pool and an expanded playground area. Enjoy the mature oak trees providing a shady canopy over streets and sidewalks, perfect year round.

SEE MORE

MARKET HIGHLIGHTS

  • 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: Brandon Brook

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k335k

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

Neighborhood: Brandon Brook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441840

* 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
Yates Elementary School Primary Regular 727 57 2
Mann Middle School Middle Regular 1,096 68 3
Brandon High School High Regular 1,864 116 4

Yates Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 57
2
GreatSchools Rating

Mann Middle School

  • Education Level: Middle
  • # of students: 1,096
  • # of teachers: 68
3
GreatSchools Rating

Brandon High School

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

$238,500$291,500$265,000

PURCHASE PRICE

$1,368$1,672$1,520

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,520
EXPENSES Loan Payment -$920
Property Tax -$349
Property Insurance -$136
HOA -$31
Property Management Fees -$129
CASH FLOW
-$46

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.

$265,000

PROJECTED PRICE

$1,520

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 10.5%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$920

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$14,404

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,520

    LIST RENT
  • $0.88

    LIST RENT PER SQFT
  • $1,517

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5203$1,5954$1,6005$1,785
$1,785
RENT COMPS ANALYSIS
  • 1905 Brandon Brook Rd Valrico, FL 2
    • 3 beds 3 baths ∙ 1,719 Sqft ∙ Built 1988 3 beds 3 baths ∙ 1,719 Sqft ∙ Built 1988
    • Rent
    • Rent Per SQFT
    •  
    • $1,520
    • $0.88
    •  
  • 519 Sonoma Dr Valrico, FL 1
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1996
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 207 Belfort Pl Valrico, FL 3
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1988
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.83
    •  
  • 417 Sand Ridge Dr Valrico, FL 4
    • 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,826 Sqft ∙ Built 1998
    LEASED 01/11/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.88
    •  
  • 306 Crystal Goblet Ct Valrico, FL 5
    • 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1997 3 beds 2 baths ∙ 2,055 Sqft ∙ Built 1997
    LEASED 12/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,785
    • $0.87
    •  
PROPERTY LISTING DETAILS
Brian Allen
1.813.382.8077
Florida Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284676
Last Updated: 01/16/2021
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