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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33511
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$79,950
LOAN DETAILS
$1,033
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $70,000 |
| Loan Amount | $210,000 |
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
-
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
1.786.375.1186
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3277920
Last Updated: 11/28/2020
