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203 Bryan Rd Brandon, FL 33511

4 Beds 2 Baths 992 sqft Built 1963

$195,000

List Price

$1,100

$990 - $1.2K

Rent Est.

PROPERTY INFO

October 29, 2020 RECENTLY ADDED
FACTS
  • Built In 1963
  • Price/Sqft : $196.57
  • 6 Days on Market
  • MLS # : T3273231
  • Updated Date : 11/01/2020 at 06:33
CONSTRUCTION
  • Beds : 4
  • Floor Size : 992 sqft
  • Baths : 1 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Be home for the holidays in this practically perfect in every way adorable dollhouse! This is a perfect starter home or excellent for downsizing. This darling 4 bedroom 1 ½ bath home has been updated over the years and is truly move in ready. The original part of the home is a 3/1 and the addition is a Florida room, bedroom and a combo half bath with inside laundry. This could make an excellent in-law suite or perfect for a home based business. As you enter the front door you are in the main living room with a dinette off the kitchen. Fresh paint inside and out, new laminate floors, updated lighting. Plumbing all replaced and updated in 2005. The kitchen has beautiful oak cabinets and all dark appliances and a Culligan Water filtration system. The main bath was updated. Roof-2018, A/C 2017, septic drain field replaced 2016. Out back you will find the yard completely fenced in, and two very large sheds. Cute landscaping and a micro irrigation system. Excellent central Brandon location just a couple blocks from 60 and close to all shopping and huge selection of restaurants. There is nothing to do but move in! But you better be quick about it because it will not last!

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

Zip Code: 33511

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k256k

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

Zip Code: 33511

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781644

* 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
 

$175,500$214,500$195,000

PURCHASE PRICE

$990$1,210$1,100

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,100
EXPENSES Loan Payment -$719
Property Tax -$248
Property Insurance -$94
Property Management Fees -$80
CASH FLOW
-$41

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.

$195,000

PROJECTED PRICE

$1,100

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 6.9%
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$100k$200k$300k$400k$500k$600k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$57,425

INVESTMENT

$57,425

Down Payment
$48,750
Rehab Estimate
$5,750
Closing Costs
$2,925

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$719

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $48,750
Loan Amount $146,250
See What Happens When You Reinvest Cash Flow

5.33

YEARS SAVED

$12,500

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,100

    LIST RENT
  • $1.11

    LIST RENT PER SQFT
  • $1,081

    COMP ESTIMATED VALUE
  • $1.09

    COMP AVG. RENT PER SQFT
Comps Range
$1,100
1$1,1002$1,2503$1,2994$1,4505$1,450
$1,450
RENT COMPS ANALYSIS
  • 203 Bryan Rd Brandon, FL 1
    • 4 beds 2 baths ∙ 992 Sqft ∙ Built 1963 4 beds 2 baths ∙ 992 Sqft ∙ Built 1963
    • Rent
    • Rent Per SQFT
    •  
    • $1,100
    • $1.11
    •  
  • 121 Emily Ln Brandon, FL 2
    • 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 1959
    LEASED 02/19/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,250
    • $1.07
    •  
  • 710 Westbrook Ave Brandon, FL 3
    • 4 beds 2 baths ∙ 1,189 Sqft ∙ Built 1962 4 beds 2 baths ∙ 1,189 Sqft ∙ Built 1962
    LEASED 12/03/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,299
    • $1.09
    •  
  • 719 Valley Hill Dr Brandon, FL 4
    • 4 beds 2 baths ∙ 1,331 Sqft ∙ Built 1976 4 beds 2 baths ∙ 1,331 Sqft ∙ Built 1976
    LEASED 07/23/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.09
    •  
  • 512 Hedge Row Rd Brandon, FL 5
    • 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,308 Sqft ∙ Built 1959
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.11
    •  
PROPERTY LISTING DETAILS
Daniel Henzler
1.813.293.3603
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273231
Last Updated: 11/01/2020
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