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2724 Garden Falls Dr Brandon, FL 33511

4 Beds 3 Baths 2,109 sqft Built 2014

$265,000

List Price

$1,780

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 2014
  • Price/Sqft : $125.65
  • 2 Days on Market
  • MLS # : T3277307
  • Updated Date : 11/21/2020 at 21:36
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,109 sqft
  • Baths : 2 full , 1 half
Listing Agent

Keller Williams Tampa Prop.

Listing Agent's Description

Located in Brandon minutes from I-75 and the Selmon Expressway, providing easy access to downtown Tampa, and Ybor City is this four bedroom, 2 ½ Bath, 2 car garage home. The first floor boasts an open concept living/kitchen area, with tile and hardwood cherry floors, large enough to entertain guests. The kitchen includes dark cherry-wood cabinetry, quartz countertops and stainless steel appliances. Step out on to the screened lanai and enjoy the completely fenced in backyard. Upstairs a large loft greets you and provides a flexible space that can be used as a gaming, reading or office area. The master suite is beautifully appointed with double doors, dual closets and a large masterbath with separate garden tub and shower. Community features include lawn care, community pool, security gate, trash, recycling and household water. In addition to the close proximity to the interstate, owners will find many restaurants, shopping, and county parks.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Lamb Elementary School Primary Regular NA
Mclane Middle School Middle Regular 756 61 2
Spoto High School High Regular 1,449 88 3

Lamb Elementary School

  • Education Level: Primary
  • # of students:
  • # of teachers:
NA
GreatSchools Rating

Mclane Middle School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 61
2
GreatSchools Rating

Spoto High School

  • Education Level: High
  • # of students: 1,449
  • # of teachers: 88
3
GreatSchools Rating
 

$238,500$291,500$265,000

PURCHASE PRICE

$1,602$1,958$1,780

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,780
EXPENSES Loan Payment -$978
Property Tax -$337
Property Insurance -$159
HOA -$190
Property Management Fees -$80
CASH FLOW
$36

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.

$265,000

PROJECTED PRICE

$1,780

PROJECTED RENT

0.67%

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

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$100k$200k$300k$400k$500k$600k$700k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$75,975

INVESTMENT

$75,975

Down Payment
$66,250
Rehab Estimate
$5,750
Closing Costs
$3,975

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$978

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $66,250
Loan Amount $198,750
See What Happens When You Reinvest Cash Flow

6.5

YEARS SAVED

$23,836

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,780

    LIST RENT
  • $0.84

    LIST RENT PER SQFT
  • $1,861

    COMP ESTIMATED VALUE
  • $0.88

    COMP AVG. RENT PER SQFT
Comps Range
$1,750
1$1,7502$1,7803$1,8954$1,8955$1,900
$1,900
RENT COMPS ANALYSIS
  • 2724 Garden Falls Dr Brandon, FL 2
    • 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2014
    • Rent
    • Rent Per SQFT
    •  
    • $1,780
    • $0.84
    •  
  • 1132 Ballard Green Pl Brandon, FL 1
    • 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2014
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.83
    •  
  • 1237 Ballard Green Pl Brandon, FL 3
    • 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2014
    LEASED 03/10/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 1141 Ballard Green Pl Brandon, FL 4
    • 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2015
    LEASED 07/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.90
    •  
  • 2713 Garden Falls Dr Brandon, FL 5
    • 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,109 Sqft ∙ Built 2015
    LEASED 01/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.90
    •  
PROPERTY LISTING DETAILS
Jennifer Hernandez
1.813.417.5155
Keller Williams Tampa Prop.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277307
Last Updated: 11/21/2020
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