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PROPERTY INFO
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!
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
Neighborhood: Brandon Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Brandon Brook
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$71,735
LOAN DETAILS
$919
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $62,250 |
| Loan Amount | $186,750 |
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
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- $1,450
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LEASED 08/02/20- Rent
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- $1,495
- $0.95
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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
1.813.777.6104
Keller Williams Tampa Central
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3279946
Last Updated: 12/12/2020
