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213 Bloomingfield Dr Brandon, FL 33511

4 Beds 3 Baths 2,593 sqft Built 1984

INVESTimate

$367,000

List Price

$1,980

$1,782 - $2,178

Rent Est.

$388,837  ( +5.95%)   1 YR EST. FORECAST

PROPERTY INFO

August 21, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $141.53
  • 6 Days on Market
  • MLS # : T3260753
  • Updated Date : 08/22/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,593 sqft
  • Baths : 3 full
Listing Agent

Century 21 Beggins Enterprises

Listing Agent's Description

Looking for a Charming Pool Home with a large lot for the kids to play and the dogs to roam situated in a desirable neighborhood with No CDD and Very Low HOA fee? Then, this is it! Located right off John Moore Rd. for easy commuting, shopping, and dining, you will find this 4-bedroom, 3 bath, custom pool home waiting for its new owner. As you open the front door you will be greeted by a roomy foyer, spacious formal living and dining areas. The family room accentuated by a wood burning, brick fireplace has vaulted ceilings, skylights and overlooks the covered, screened lanai and awesome pool and backyard area. The galley kitchen with breakfast/serving bar opens to the family room and casual dining area. This attractive home has an ideal floor plan design with three-way split bedrooms, two of them with their own private bath! Sit back and relax in your rocker on the front porch while sipping your favorite beverage, looking at the colorful front yard and waving as your friends go by. A beautiful privately fenced backyard with mature oak trees shades this kid friendly lot. A refreshing swimming pool with a trickling waterfall and large water ledge to sunbathe or, the kids to play, complements the great outdoor play area. A pathway leads to the paved patio, perfect for grilling and entertaining family/friends. Enjoy the evening roasting marshmallows in your firepit. Snuggle by the fireplace on cool evenings or sunbathe on the swimming pool tanning ledge during the day. You can do it all! This is the perfect place to call home!

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MARKET HIGHLIGHTS

  • 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.
  • Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: Bloomingdale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Bloomingdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Cimino Elementary School Primary Regular 839 66 7
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Cimino Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 66
7
GreatSchools Rating

Burns Middle School

  • Education Level: Middle
  • # of students: 1,255
  • # of teachers: 75
7
GreatSchools Rating

Bloomingdale High School

  • Education Level: High
  • # of students: 2,191
  • # of teachers: 118
6
GreatSchools Rating
 

$330,300$403,700$367,000

PURCHASE PRICE

$1,782$2,178$1,980

RENT

DOWN PAYMENT
FINANCING

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-$5.0k$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,980
EXPENSES Loan Payment -$1,354
Property Tax -$467
Property Insurance -$187
HOA -$3
Property Management Fees -$80
CASH FLOW
-$111

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.

$367,000

PROJECTED PRICE

$1,980

PROJECTED RENT

0.54%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 5.95%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
Length of Stay Years 2

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$103,005

INVESTMENT

$103,005

Down Payment
$91,750
Rehab Estimate
$5,750
Closing Costs
$5,505

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,354

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $91,750
Loan Amount $275,250
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$20,670

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,980

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,990

    COMP ESTIMATED VALUE
  • $0.77

    COMP AVG. RENT PER SQFT
Comps Range
$1,945
1$1,9452$1,9503$1,9504$1,9805$2,000
$2,000
RENT COMPS ANALYSIS
  • 213 Bloomingfield Dr Brandon, 4
    • 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,593 Sqft ∙ Built 1984
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,980
    • $0.76
    •  
  • 3801 Polumbo Dr Valrico, 1
    • 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 1990 4 beds 3 baths ∙ 2,569 Sqft ∙ Built 1990
    property image
    LEASED 07/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.76
    •  
  • 76 Camelot Ridge Dr Brandon, 2
    • 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 2002 4 beds 3 baths ∙ 2,586 Sqft ∙ Built 2002
    property image
    LEASED 10/29/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.75
    •  
  • 3901 Paddlewheel Ct Brandon, 3
    • 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 1986 4 beds 3 baths ∙ 2,506 Sqft ∙ Built 1986
    property image
    LEASED 03/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.78
    •  
  • 60 Camelot Ridge Dr Brandon, 5
    • 5 beds 3 baths ∙ 2,554 Sqft ∙ Built 2003 5 beds 3 baths ∙ 2,554 Sqft ∙ Built 2003
    property image
    LEASED 04/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,000
    • $0.78
    •  
PROPERTY LISTING DETAILS
Aixa Moore
1.813.645.8481
Century 21 Beggins Enterprises
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3260753
Last Updated: 08/22/2020
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