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309 Bloomingfield Dr Brandon, FL 33511

4 Beds 3 Baths 2,200 sqft Built 1984

$315,000

List Price

$1,810

$1.6K - $2K

Rent Est.

PROPERTY INFO

November 02, 2020 RECENTLY ADDED
FACTS
  • Built In 1984
  • Price/Sqft : $143.18
  • 2 Days on Market
  • MLS # : T3273556
  • Updated Date : 11/02/2020 at 15:54
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,200 sqft
  • Baths : 3 full
Listing Agent

Weichert Realtors Yates&assoc

Listing Agent's Description

This newly renovated 4 bedroom, 3 baths, 2 car garage home is ready for you to move in!! Located in the desirable Bloomingdale School District, this home comes with above ground, 7500 gallons, saltwater pool with spacious, composite decking, and awning for you to spend those summer afternoons. The updated gourmet kitchen with granite countertops has all the convenient features you've always wanted such as Bosch Dishwasher, Mid Continent cabinets with soft close drawers, and pull-out shelves, a touchless sink in the island, and carbon filters on all water taps. Also features a family room with a fireplace. Spacious master bedroom with California closets and remodeled master bath. The two other baths also have been remodeled. The home boasts double pane windows throughout, hardiboard siding on the second floor, 7.83-watt solar panels that reduced the electric bill to about $120 in summer, and no charge for some months. Other improvements include a new standing seam metal roof installed in 2008, freshly painted in 2018, a new PVC fence in 2019, beautiful pavers on the large screened porch, an 8' X 16' shed, and a large child's playset. Wow! This home is ready and waiting for you to move in! Call today for the first opportunity!

SEE MORE

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: Bloomingdale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Bloomingdale

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Cimino Elementary School Primary Regular 839 66 7
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Cimino Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 66
7
GreatSchools Rating

Burns Middle School

  • Education Level: Middle
  • # of students: 1,255
  • # of teachers: 75
7
GreatSchools Rating

Bloomingdale High School

  • Education Level: High
  • # of students: 2,191
  • # of teachers: 118
6
GreatSchools Rating
 

$283,500$346,500$315,000

PURCHASE PRICE

$1,629$1,991$1,810

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,810
EXPENSES Loan Payment -$1,162
Property Tax -$401
Property Insurance -$164
HOA -$3
Property Management Fees -$80
CASH FLOW
$0

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.

$315,000

PROJECTED PRICE

$1,810

PROJECTED RENT

0.57%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.0%
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$16k

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$89,225

INVESTMENT

$89,225

Down Payment
$78,750
Rehab Estimate
$5,750
Closing Costs
$4,725

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,162

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $78,750
Loan Amount $236,250
See What Happens When You Reinvest Cash Flow

6.42

YEARS SAVED

$27,461

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,810

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $1,843

    COMP ESTIMATED VALUE
  • $0.84

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8103$1,8454$1,9005$1,945
$1,945
RENT COMPS ANALYSIS
  • 309 Bloomingfield Dr Brandon, FL 2
    • 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1984 4 beds 3 baths ∙ 2,200 Sqft ∙ Built 1984
    • Rent
    • Rent Per SQFT
    •  
    • $1,810
    • $0.82
    •  
  • 301 Bloomingfield Dr Brandon, FL 1
    • 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 1985 3 beds 3 baths ∙ 2,223 Sqft ∙ Built 1985
    LEASED 04/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.76
    •  
  • 4026 Paddlewheel Dr Brandon, FL 3
    • 4 beds 2 baths ∙ 2,159 Sqft ∙ Built 1984 4 beds 2 baths ∙ 2,159 Sqft ∙ Built 1984
    LEASED 06/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,845
    • $0.85
    •  
  • 403 Bayfield Dr Brandon, FL 4
    • 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1983 4 beds 3 baths ∙ 2,187 Sqft ∙ Built 1983
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 3922 Dunaire Dr Valrico, FL 5
    • 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 1985 3 beds 2 baths ∙ 2,226 Sqft ∙ Built 1985
    LEASED 10/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,945
    • $0.87
    •  
PROPERTY LISTING DETAILS
Yoshimi Tamura
1.813.546.2442
Weichert Realtors Yates&assoc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3273556
Last Updated: 11/02/2020
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