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2308 Briana Dr Brandon, FL 33511

4 Beds 2 Baths 1,828 sqft Built 2000

$309,900

List Price

$1,770

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2000
  • Price/Sqft : $169.53
  • 5 Days on Market
  • MLS # : T3282938
  • Updated Date : 01/08/2021 at 13:04
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,828 sqft
  • Baths : 2 full
Listing Agent

Kempa Realty, Llc

Listing Agent's Description

New Luxury LAKEFRONT Listing. ONCE IN A LIFETIME OPPORTUNITY to own this IMMACULATE, ready to move-in, absolutely GORGEOUS, very spacious 4 Bedroom Waterfront House in highly desirable HICKORY LAKE ESTATES with SOME OF THE MOST amazing upgrades, NEW ROOF, newer AC and newer Premium Appliances. Fall in love with this GREAT SPLIT FLOORPLAN the moment you step inside. Too many PREMIUM UPGRADES to list. You will love the updated PREMIUM - REAL WOOD - MAHAGONY - FLOORING throughout the house as well as updated tile flooring in the wet areas. Amazing spacious master bedroom, great upgraded kitchen and recently remodeled master bathroom. Additional storage available in the attic. Oversized 2 car garage with workshop and newer garage door opener. LIVE FLORIDA LIVING AT IT'S BEST. Enjoy PIECE and QUIET on the spacious, covered, screened-in back patio with unbelievably beautiful wide open Water Views of the Lake. NO CDD fees and some of the LOWEST HOA fees. Best value in HICKORY LAKE ESTATES with an oversized lot. An AMAZING LOCATION close to everything, close to Great Major Shopping, Brandon Town Center Mall, many great Restaurants, some of the best Medical Services, Brandon Hospital and a fast and easy connection to Downtown Tampa and Tampa International Airport and the Beaches. This AMAZING OPPORTUNITY will NOT last. Seller requests CASH-Contracts only.

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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: Hickory Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Hickory Lakes

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2100011001200130014001500160017001800190020002100Rent in $9052139

* 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
Kingswood Elementary School Primary Regular 608 51 4
Rodgers Middle School Middle Regular 719 49 3
Brandon High School High Regular 1,864 116 4

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 608
  • # of teachers: 51
4
GreatSchools Rating

Rodgers Middle School

  • Education Level: Middle
  • # of students: 719
  • # of teachers: 49
3
GreatSchools Rating

Brandon High School

  • Education Level: High
  • # of students: 1,864
  • # of teachers: 116
4
GreatSchools Rating
 

$278,910$340,890$309,900

PURCHASE PRICE

$1,593$1,947$1,770

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,770
EXPENSES Loan Payment -$1,076
Property Tax -$394
Property Insurance -$143
HOA -$44
Property Management Fees -$129
CASH FLOW
-$16

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.

$309,900

PROJECTED PRICE

$1,770

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.9%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$87,874

INVESTMENT

$87,874

Down Payment
$77,475
Rehab Estimate
$5,750
Closing Costs
$4,649

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,076

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $77,475
Loan Amount $232,425
See What Happens When You Reinvest Cash Flow

6

YEARS SAVED

$20,926

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,770

    LIST RENT
  • $0.97

    LIST RENT PER SQFT
  • $1,755

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,6003$1,7004$1,7705$1,900
$1,900
RENT COMPS ANALYSIS
  • 2308 Briana Dr Brandon, FL 4
    • 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2000 4 beds 2 baths ∙ 1,828 Sqft ∙ Built 2000
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,770
    • $0.97
    •  
  • 1004 Summer Breeze Dr Brandon, FL 1
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001
    property image
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 1045 Summer Breeze Dr Brandon, FL 2
    • 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001 4 beds 2 baths ∙ 1,665 Sqft ∙ Built 2001
    property image
    LEASED 08/14/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.96
    •  
  • 623 Rapid Falls Dr Brandon, FL 3
    • 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,748 Sqft ∙ Built 1988
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.97
    •  
  • 812 Vino Verde Cir Brandon, FL 5
    • 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 2014 4 beds 3 baths ∙ 1,999 Sqft ∙ Built 2014
    property image
    LEASED 03/31/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
PROPERTY LISTING DETAILS
Manfred Kempa
1.813.525.8815
Kempa Realty, Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282938
Last Updated: 01/08/2021
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