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1914 Red Fox Ln Brandon, FL 33510

4 Beds 2 Baths 1,850 sqft Built 1979

$264,900

List Price

$1,710

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

December 15, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1979
  • Price/Sqft : $143.19
  • 6 Days on Market
  • MLS # : T3280801
  • Updated Date : 12/16/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,850 sqft
  • Baths : 2 full
Listing Agent

Realnet Florida Real Estate

Listing Agent's Description

Right At Tampa's edge ( Northwest Brandon) and minutes from everything in Tampa!!! You'll feel right at Home as soon as you pull up to and enter this Very Private Bright and roomy 4/2 Pool Home with big Fenced yard. There's room for RV and Boats and Toys and a 2 car Garage...You'll enter onto a vast and comfy GREAT Room with ample living and dining room areas and Tall Cathedral ceilings, an Island Kitchen with Granite counterTops and a Big Family Room. this house has closets everywhere including 3 in the MASTER!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
 

$238,410$291,390$264,900

PURCHASE PRICE

$1,539$1,881$1,710

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,710
EXPENSES Loan Payment -$977
Property Tax -$337
Property Insurance -$144
Property Management Fees -$129
CASH FLOW
$123

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.

$264,900

PROJECTED PRICE

$1,710

PROJECTED RENT

0.65%

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

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,949

INVESTMENT

$75,949

Down Payment
$66,225
Rehab Estimate
$5,750
Closing Costs
$3,974

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$977

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,225
Loan Amount $198,675
See What Happens When You Reinvest Cash Flow

8.75

YEARS SAVED

$36,711

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,710

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,674

    COMP ESTIMATED VALUE
  • $0.91

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,6003$1,6494$1,7005$1,710
$1,710
RENT COMPS ANALYSIS
  • 1914 Red Fox Ln Brandon, FL 5
    • 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,850 Sqft ∙ Built 1979
    • Rent
    • Rent Per SQFT
    •  
    • $1,710
    • $0.92
    •  
  • 1623 Dogwood Ln Brandon, FL 1
    • 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
    •  
  • 1612 Open Field Loop Brandon, FL 2
    • 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1999 3 beds 2 baths ∙ 1,854 Sqft ∙ Built 1999
    LEASED 04/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.86
    •  
  • 1907 Hunter Ln Brandon, FL 3
    • 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,770 Sqft ∙ Built 1979
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,649
    • $0.93
    •  
  • 1911 Red Fox Ln Brandon, FL 4
    • 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
Jaime Nieves
1.813.629.2789
Realnet Florida Real Estate
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280801
Last Updated: 12/16/2020
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