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

1973 Fruitridge St Brandon, FL 33510

3 Beds 2 Baths 1,650 sqft Built 2003

$290,000

List Price

$1,630

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 18, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2003
  • Price/Sqft : $175.76
  • 4 Days on Market
  • MLS # : T3296014
  • Updated Date : 03/19/2021 at 14:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,650 sqft
  • Baths : 2 full
Listing Agent

Vylla Home

Listing Agent's Description

Step inside the foyer of this impressive one-story home, and the expansive open spaces and soaring ceilings will instantly welcome you. The gourmet kitchen is perfect for entertaining and features upgraded stainless steel appliances, 42” cabinets, and stone countertops with a large island. Architectural features, such as the built-in media center, coffered ceiling and hardwood floors make this home a standout. The master suite is roomy, and its California-style closet provides plenty of space for clothing and extra storage. The fully fenced backyard offers a serene pond view, and the neighborhood has easy access to a large boating lake. Enjoy peace of mind with a newly installed roof and AC in 2017 and water heater in 2021. This is truly a beautifully designed home that will make a lasting impression on all your guests.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Lakeview Village

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Lakeview Village

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9012007

* 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
Limona Elementary School Primary Regular 553 36 6
Mclane Middle School Middle Regular 756 61 2
Brandon High School High Regular 1,864 116 4

Limona Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 36
6
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
 

$261,000$319,000$290,000

PURCHASE PRICE

$1,467$1,793$1,630

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,630
EXPENSES Loan Payment -$1,007
Property Tax -$369
Property Insurance -$132
HOA -$50
Property Management Fees -$129
CASH FLOW
-$57

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.

$290,000

PROJECTED PRICE

$1,630

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 8.8%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,600

INVESTMENT

$82,600

Down Payment
$72,500
Rehab Estimate
$5,750
Closing Costs
$4,350

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,007

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $72,500
Loan Amount $217,500
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$15,895

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,630

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,621

    COMP ESTIMATED VALUE
  • $0.98

    COMP AVG. RENT PER SQFT
Comps Range
$1,475
1$1,4752$1,5953$1,6304$1,6905$1,695
$1,695
RENT COMPS ANALYSIS
  • 1973 Fruitridge St Brandon, FL 3
    • 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,650 Sqft ∙ Built 2003
    • Rent
    • Rent Per SQFT
    •  
    • $1,630
    • $0.99
    •  
  • 1613 Loghill Pl Brandon, FL 1
    • 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1991 3 beds 2 baths ∙ 1,516 Sqft ∙ Built 1991
    LEASED 04/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,475
    • $0.97
    •  
  • 1621 Dusty Rose Ln Brandon, FL 2
    • 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,550 Sqft ∙ Built 1986
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $1.03
    •  
  • 1330 Rustling Oaks Dr Brandon, FL 4
    • 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,682 Sqft ∙ Built 1986
    LEASED 07/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $1.00
    •  
  • 1630 Cresson Ridge Ln Brandon, FL 5
    • 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
    •  
PROPERTY LISTING DETAILS
Ian Walters
1.813.477.3504
Vylla Home
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3296014
Last Updated: 03/19/2021
BESbswy