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247 Chardonnay Pl Valrico, FL 33594

3 Beds 2 Baths 1,594 sqft Built 1998

$249,000

List Price

$1,460

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 10, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1998
  • Price/Sqft : $156.21
  • 4 Days on Market
  • MLS # : T3279946
  • Updated Date : 12/12/2020 at 19:19
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,594 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Tampa Central

Listing Agent's Description

Multiple Offers: Highest & Best due by 12noon Sunday, 12/13! Tastefully remodeled 3 bedroom, 2 bath, 2-car garage Brandon Brook home… Foyer welcomes you into this bright and open floor plan with living / dining areas leading to the kitchen. Enjoy plenty of 42” shaker white cabinetry, granite counters, tiled backsplash, stainless appliances, a huge pantry and breakfast bar overlooking the family room. Sliders lead to a huge covered, screened lanai plus side deck and expansive yard beyond. Master suite also has private patio access, an 8x8’ walk-in closet, dual sinks, a garden tub and separate shower. Guestrooms are up front sharing the hallway bath. Vinyl flooring, upgraded carpet only in the bedrooms, vaulted ceilings throughout, cool paint hues, updated fixtures. No CDD, low HOA, the Brandon Brook community is tucked back off FL-60 for convenient I-4, 75 and Crosstown commuting along with everything you need on W Brandon Blvd – restaurants, shopping, amenities, entertainment, etc. - a must see for the price point!

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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

Neighborhood: Brandon Brook

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320kPrice in $85k335k

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

Neighborhood: Brandon Brook

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8441840

* 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
Yates Elementary School Primary Regular 727 57 2
Mann Middle School Middle Regular 1,096 68 3
Brandon High School High Regular 1,864 116 4

Yates Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 57
2
GreatSchools Rating

Mann Middle School

  • Education Level: Middle
  • # of students: 1,096
  • # of teachers: 68
3
GreatSchools Rating

Brandon High School

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

$224,100$273,900$249,000

PURCHASE PRICE

$1,314$1,606$1,460

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,460
EXPENSES Loan Payment -$919
Property Tax -$328
Property Insurance -$129
HOA -$34
Property Management Fees -$129
CASH FLOW
-$79

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.

$249,000

PROJECTED PRICE

$1,460

PROJECTED RENT

0.59%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 10.5%
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

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$71,735

INVESTMENT

$71,735

Down Payment
$62,250
Rehab Estimate
$5,750
Closing Costs
$3,735

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$919

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,250
Loan Amount $186,750
See What Happens When You Reinvest Cash Flow

4.58

YEARS SAVED

$13,658

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,460

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,474

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4603$1,4954$1,5455$1,625
$1,625
RENT COMPS ANALYSIS
  • 247 Chardonnay Pl Valrico, FL 2
    • 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,594 Sqft ∙ Built 1998
    • Rent
    • Rent Per SQFT
    •  
    • $1,460
    • $0.92
    •  
  • 443 Sand Ridge Dr Brandon, FL 1
    • 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1998 3 beds 2 baths ∙ 1,610 Sqft ∙ Built 1998
    LEASED 01/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.90
    •  
  • 519 Sonoma Dr Valrico, FL 3
    • 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,569 Sqft ∙ Built 1996
    LEASED 08/02/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.95
    •  
  • 817 Benninger Dr Brandon, FL 4
    • 4 beds 2 baths ∙ 1,643 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,643 Sqft ∙ Built 1986
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.94
    •  
  • 536 Beth Ann St Valrico, FL 5
    • 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1994 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1994
    LEASED 11/09/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.91
    •  
PROPERTY LISTING DETAILS
Amy Greenfield
1.813.777.6104
Keller Williams Tampa Central
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3279946
Last Updated: 12/12/2020
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