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2307 Medford Ln Brandon, FL 33511

4 Beds 3 Baths 1,897 sqft Built 1970

$280,000

List Price

$1,690

$1.5K - $1.9K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $147.60
  • 2 Days on Market
  • MLS # : T3277920
  • Updated Date : 11/28/2020 at 12:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,897 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Realty

Listing Agent's Description

Gorgeous family home, on a quiet street and a corner lot in Brandon! This 4 bedroom, 2 1/2 bathroom home is sitting on a .29 acre lot, with a huge backyard and 1897sqft of heated living space for you and your family! NO HOA! NO CDD! Move in ready with well maintained yard. New tile wood plank flooring 2020 and updated kitchen featuring beautiful wood cabinets, Corian counters and an osmosis water filter. New AC, duct work and insulation completed in 2018, roof 2006. Spacious 2 car garage with laundry area and doggy door. Screened in outdoor patio/lanai with two rain barrels and plenty of trees for shade. Home includes 4 installed security cameras, keyless front door entry and nest ac thermostat. Conveniently close to Burns middle school and Brooker elementary. Shopping, dining, and entertainment are just around the corner as the home is centrally located, just minutes from SR-60 with a quick commute to I-75! Contact listing agent Yasemin Okur for a private showing today! ***Open House! Sunday, November 29th {1pm-3pm}***

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
Brooker Elementary School Primary Regular 920 72 4
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Brooker Elementary School

  • Education Level: Primary
  • # of students: 920
  • # of teachers: 72
4
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
 

$252,000$308,000$280,000

PURCHASE PRICE

$1,521$1,859$1,690

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,690
EXPENSES Loan Payment -$1,033
Property Tax -$356
Property Insurance -$147
Property Management Fees -$80
CASH FLOW
$74

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.

$280,000

PROJECTED PRICE

$1,690

PROJECTED RENT

0.60%

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$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,950

INVESTMENT

$79,950

Down Payment
$70,000
Rehab Estimate
$5,750
Closing Costs
$4,200

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,033

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $70,000
Loan Amount $210,000
See What Happens When You Reinvest Cash Flow

7.58

YEARS SAVED

$31,917

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,690

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,802

    COMP ESTIMATED VALUE
  • $0.95

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,6903$1,7954$1,8005$1,895
$1,895
RENT COMPS ANALYSIS
  • 2307 Medford Ln Brandon, FL 2
    • 4 beds 3 baths ∙ 1,897 Sqft ∙ Built 1970 4 beds 3 baths ∙ 1,897 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,690
    • $0.89
    •  
  • 2302 Bryan Rd Brandon, FL 1
    • 4 beds 2 baths ∙ 1,893 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,893 Sqft ∙ Built 1966
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.86
    •  
  • 613 Bama Rd Brandon, FL 3
    • 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1971
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 1806 Lido Dr Brandon, FL 4
    • 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1979
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 105 Mitchell Dr Brandon, FL 5
    • 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1978 4 beds 2 baths ∙ 1,870 Sqft ∙ Built 1978
    property image
    LEASED 12/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $1.01
    •  
PROPERTY LISTING DETAILS
Yasemin Okur
1.786.375.1186
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277920
Last Updated: 11/28/2020
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