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3413 Westfield Dr Brandon, FL 33511

4 Beds 2 Baths 1,610 sqft Built 1971

$244,900

List Price

$1,600

$1.4K - $1.8K

Rent Est.

PROPERTY INFO

February 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $152.11
  • 2 Days on Market
  • MLS # : T3288091
  • Updated Date : 02/13/2021 at 14:46
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,610 sqft
  • Baths : 2 full
Listing Agent

Century 21 Affiliated

Listing Agent's Description

Do not miss out on this 1610 Square foot home with 4 Bedrooms, 2 Bathrooms, in the heart of Brandon with a huge screen lanai (21 X11). NO HOA or CDD! Charming, quiet neighborhood of Southwood Hills. Oversized family room (21 X 15) with a wood burning fireplace. No Carpeting throughout the entire home. Roof is only 9 years old. This home has a great backyard that is fully fenced in and very private with a utility shed in the backyard that will convey with the new owners. Garage has been converted with Air Conditioning that could be used as an office, bedroom or storage area. Great location with easy access to Tampa, Lakeland, I-75, I-4, Downtown, MacDill AFB, shopping, and dining.

SEE MORE

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

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
Kingswood Elementary School Primary Regular 608 51 4
Rodgers Middle School Middle Regular 719 49 3
Riverview High School High Regular 2,387 128 6

Kingswood Elementary School

  • Education Level: Primary
  • # of students: 608
  • # of teachers: 51
4
GreatSchools Rating

Rodgers Middle School

  • Education Level: Middle
  • # of students: 719
  • # of teachers: 49
3
GreatSchools Rating

Riverview High School

  • Education Level: High
  • # of students: 2,387
  • # of teachers: 128
6
GreatSchools Rating
 

$220,410$269,390$244,900

PURCHASE PRICE

$1,440$1,760$1,600

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,600
EXPENSES Loan Payment -$851
Property Tax -$312
Property Insurance -$130
Property Management Fees -$129
CASH FLOW
$179

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.

$244,900

PROJECTED PRICE

$1,600

PROJECTED RENT

0.65%

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$70,649

INVESTMENT

$70,649

Down Payment
$61,225
Rehab Estimate
$5,750
Closing Costs
$3,674

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 35% down payment or higher enables the proceeds from the asset to cover all costs.

$851

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $61,225
Loan Amount $183,675
See What Happens When You Reinvest Cash Flow

10

YEARS SAVED

$34,674

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,600

    LIST RENT
  • $0.99

    LIST RENT PER SQFT
  • $1,594

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5253$1,6004$1,6755$1,695
$1,695
RENT COMPS ANALYSIS
  • 3413 Westfield Dr Brandon, FL 3
    • 4 beds 2 baths ∙ 1,610 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,610 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.99
    •  
  • 3214 Acapulco Dr Riverview, FL 1
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1983
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 1412 High Knoll Dr Brandon, FL 2
    • 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1987
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.03
    •  
  • 1410 High Knoll Dr Brandon, FL 4
    • 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,729 Sqft ∙ Built 1987
    LEASED 06/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,675
    • $0.97
    •  
  • 2002 Culpepper Dr Brandon, FL 5
    • 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 1987 3 beds 3 baths ∙ 1,729 Sqft ∙ Built 1987
    LEASED 10/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.98
    •  
PROPERTY LISTING DETAILS
Kathy Disantis
1.813.601.9809
Century 21 Affiliated
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3288091
Last Updated: 02/13/2021
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