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PROPERTY INFO
FACTS
- Single Family
- Built In 2014
- Price/Sqft : $111.15
- 2 Days on Market
- MLS # : T3281440
- Updated Date : 12/20/2020 at 01:00
CONSTRUCTION
- Beds : 5
- Floor Size : 2,600 sqft
- Baths : 3 full
Listing Agent
Exp Realty Llc
Listing Agent's Description
A beautiful home in a gated community close to everything! This home features an open floor plan with 5 bedrooms, 3 baths, a loft and an attached 2 car garage for an unbeatable price. The gorgeous kitchen is filled with 42" cabinets, stainless steel appliances, granite countertops, and a large island. This home has tile on the main level and wet areas, as well as beautiful wood floors upstairs and in all bedrooms. 2nd floor also has a loft large enough for a sofa and big screen tv. There are 4 upstairs bedrooms including a huge master bedroom and en-suite bath with a garden tub, separate shower, and dual vanity sinks. This home is full of upgraded features like granite countertops throughout and comes with a secure keyless entry system. The community provides sewer and lawn maintenance! This neighborhood is close to everything including all the shops and restaurants near Brandon Mall. It has convenient access to all the major highways, and easy access to Tampa! There is no other home like this available in this price range! This home is priced to sell!
SEE MORE
- 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
* 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 | $2,000 |
| EXPENSES | Loan Payment | -$1,066 |
| Property Tax | -$368 | |
| Property Insurance | -$188 | |
| HOA | -$190 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$59
|
||
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.
$289,000
PROJECTED PRICE
$2,000
PROJECTED RENT
0.69%
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
$82,335
LOAN DETAILS
$1,066
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $72,250 |
| Loan Amount | $216,750 |
7.17
YEARS SAVED
$28,962
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,000
LIST RENT -
$0.77
LIST RENT PER SQFT
-
$1,970
COMP ESTIMATED VALUE -
$0.76
COMP AVG. RENT PER SQFT
Comps Range
-
2725 Garden Falls Dr Brandon, FL 5
- 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 2014
- Rent
- Rent Per SQFT
- $2,000
- $0.77
-
1140 Ballard Green Pl Brandon, FL 1
- 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2014 4 beds 3 baths ∙ 2,347 Sqft ∙ Built 2014
LEASED 05/15/20- Rent
- Rent Per SQFT
- $1,800
- $0.77
-
2715 Garden Falls Dr Brandon, FL 2
- 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2015 4 beds 3 baths ∙ 2,327 Sqft ∙ Built 2015
LEASED 08/12/20- Rent
- Rent Per SQFT
- $1,800
- $0.77
-
2733 Hampton Green Ln Brandon, FL 3
- 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,600 Sqft ∙ Built 2014
LEASED 11/11/19- Rent
- Rent Per SQFT
- $1,900
- $0.73
-
2728 Garden Falls Dr Brandon, FL 4
- 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2014 5 beds 3 baths ∙ 2,561 Sqft ∙ Built 2014
LEASED 07/31/19- Rent
- Rent Per SQFT
- $1,950
- $0.76
PROPERTY LISTING DETAILS
1.813.683.6377
Exp Realty Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3281440
Last Updated: 12/20/2020
