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2225 Elizabeth Dr Brandon, FL 33510

4 Beds 2 Baths 1,328 sqft Built 1975

$225,000

List Price

$1,380

$1.2K - $1.5K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $169.43
  • 3 Days on Market
  • MLS # : T3286897
  • Updated Date : 02/05/2021 at 09:45
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,328 sqft
  • Baths : 2 full
Listing Agent

54 Realty Llc

Listing Agent's Description

One or more photo(s) has been virtually staged. Don't miss this 4 bedroom, 2 bath home in a fantastic central Brandon location with a Fully Fenced Backyard.  NO CDD or HOA here! Extra long driveway and side entry garage.  Laminate Flooring in family room/ tile in wet areas.  Kitchen has white cabinets, butcher block counters, farmhouse sink, and backsplash.  French doors lead out to the Tiled Florida Room / Bonus Room. The Master bathroom has been recently remodeled with a gorgeous tiled shower. Roof is only 5 years old!  Located near SR-60, I-75 and the Crosstown as well as shopping, dining and entertainment.  Schedule your private tour today.

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: Limona Improvement

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k252k

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

Neighborhood: Limona Improvement

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8701624

* 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
 

$202,500$247,500$225,000

PURCHASE PRICE

$1,242$1,518$1,380

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,380
EXPENSES Loan Payment -$782
Property Tax -$286
Property Insurance -$113
Property Management Fees -$129
CASH FLOW
$70

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.

$225,000

PROJECTED PRICE

$1,380

PROJECTED RENT

0.61%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.9%
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$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$65,375

INVESTMENT

$65,375

Down Payment
$56,250
Rehab Estimate
$5,750
Closing Costs
$3,375

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$782

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $56,250
Loan Amount $168,750
See What Happens When You Reinvest Cash Flow

7.92

YEARS SAVED

$22,754

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,380

    LIST RENT
  • $1.04

    LIST RENT PER SQFT
  • $1,338

    COMP ESTIMATED VALUE
  • $1.01

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3803$1,3954$1,4955$1,600
$1,600
RENT COMPS ANALYSIS
  • 2225 Elizabeth Dr Brandon, FL 2
    • 4 beds 2 baths ∙ 1,328 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,328 Sqft ∙ Built 1975
    • Rent
    • Rent Per SQFT
    •  
    • $1,380
    • $1.04
    •  
  • 2215 Elizabeth Dr Brandon, FL 1
    • 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,272 Sqft ∙ Built 1975
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.06
    •  
  • 1208 Londonwood St Brandon, FL 3
    • 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,338 Sqft ∙ Built 1977
    LEASED 10/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,395
    • $1.04
    •  
  • 1708 Lake Crest Ave Brandon, FL 4
    • 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,575 Sqft ∙ Built 1975
    LEASED 05/13/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 1114 Estatewood Dr Brandon, FL 5
    • 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976 3 beds 2 baths ∙ 1,626 Sqft ∙ Built 1976
    LEASED 12/13/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.98
    •  
PROPERTY LISTING DETAILS
Alison Bresciani
1.813.501.5508
54 Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286897
Last Updated: 02/05/2021
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