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1926 Old Sawmill Rd Brandon, FL 33510

4 Beds 3 Baths 2,014 sqft Built 1982

$335,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
February 17, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1982
  • Price/Sqft : $166.34
  • 5 Days on Market
  • MLS # : T3290737
  • Updated Date : 02/19/2021 at 13:15
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,014 sqft
  • Baths : 3 full
Listing Agent

Pineywoods Realty Llc

Listing Agent's Description

Welcome to your beautiful corner lot Pool home in a secluded and quiet neighborhood. The home features an oversized 2 car garage, 4 bedrooms, one which can be used as an in-house MIL suite, total of 3 full bathrooms, Mud Room, Formal & Informal living area, Dining area and large updated Kitchen. The home has easy flow throughout and has a triple sliding glass door exiting out into the caged-in pool area. The lot is .26 acres which gives plenty of yard space for pets and little ones to play. In addition to the incredible lot and beautiful home, you will also enjoy the comfort of knowing that your roof was replaced in 2021, HVAC in 2019, Pool Pump in 2020 and no HOA, CDD, Septic or Well. New Flooring throughout as well as newly painted exterior. The home also has an in-ground subterranean treatment system installed with a transferable contract. The home is located 5 mins from 75/I4 Exit allowing Downtown Tampa to be less than 20 minutes away. This home has it all!! PLEASE HAVE HIGHEST & BEST OFFER SUBMITTED BY SATURDAY 2/20 BY 3PM

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: 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
 

$301,500$368,500$335,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,164
Property Tax -$426
Property Insurance -$153
Property Management Fees -$129
CASH FLOW
-$62

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.

$335,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.54%

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$1.2M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

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$94,525

INVESTMENT

$94,525

Down Payment
$83,750
Rehab Estimate
$5,750
Closing Costs
$5,025

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 50% down payment or higher enables the proceeds from the asset to cover all costs.

$1,164

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,750
Loan Amount $251,250
See What Happens When You Reinvest Cash Flow

5.25

YEARS SAVED

$18,126

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.9

    LIST RENT PER SQFT
  • $1,782

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,6004$1,6495$1,810
$1,810
RENT COMPS ANALYSIS
  • 1926 Old Sawmill Rd Brandon, FL 5
    • 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1982 4 beds 3 baths ∙ 2,014 Sqft ∙ Built 1982
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.90
    •  
  • 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
    •  
  • 1612 Open Field Loop Brandon, FL 3
    • 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 4
    • 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
    •  
PROPERTY LISTING DETAILS
Derrick Cooper
1.850.728.8226
Pineywoods Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3290737
Last Updated: 02/19/2021
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