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PROPERTY INFO
FACTS
- Single Family
- Built In 1968
- Price/Sqft : $168.29
- 3 Days on Market
- MLS # : T3294128
- Updated Date : 03/06/2021 at 15:56
CONSTRUCTION
- Beds : 3
- Floor Size : 1,539 sqft
- Baths : 3 full
Listing Agent
Rabell Realty Group Llc
Listing Agent's Description
Don’t miss your opportunity to own this solid 3 bedroom 3 bath block home located in the heart of Brandon on over 1/3 acre at the end of a beautifully tree-lined dead-end street with NO HOA or CDD. Inside you will be delighted by the gleaming wood floors, energy-efficient low E windows (2018), plantation shutters throughout, large open spaces including separate dining and living rooms, and a neat and clean kitchen overlooking the large family room. Outside you’ll find a huge, screened patio perfect for entertaining or enjoying quiet evenings surrounded by the sounds of nature. This home also has an attached oversized 2 car garage with a workbench and another full bath. And just in case you need more storage there a good-sized shed in the backyard for gardening tools. This well-maintained home also has some notable upgrades including the drain field (2015), HVAC 2012, and well pump for irrigation (2015) To top things off this home is conveniently located to shopping, entertainment, dining and has easy access to the Crosstown Expressway, I-75, and I-4 making your commute a breeze no matter what direction you need to go in.
SEE MORE
- 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.
- Tampa's economy is worth over $156 billion in Gross Metro Product and projected to grow to $165 billion in 2019 (USMayors.org, 2018)
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 | $1,540 |
| EXPENSES | Loan Payment | -$900 |
| Property Tax | -$330 | |
| Property Insurance | -$126 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$56
|
||
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.
$259,000
PROJECTED PRICE
$1,540
PROJECTED RENT
0.59%
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
$74,385
LOAN DETAILS
$900
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $64,750 |
| Loan Amount | $194,250 |
7.42
YEARS SAVED
$23,821
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,540
LIST RENT -
$1
LIST RENT PER SQFT
-
$1,597
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
402 Overland Dr Brandon, FL 1
- 3 beds 3 baths ∙ 1,539 Sqft ∙ Built 1968 3 beds 3 baths ∙ 1,539 Sqft ∙ Built 1968
- Rent
- Rent Per SQFT
- $1,540
- $1.00
-
510 Julie Ln Brandon, FL 2
- 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 1968 3 beds 2 baths ∙ 1,543 Sqft ∙ Built 1968
LEASED 07/05/20- Rent
- Rent Per SQFT
- $1,595
- $1.03
-
704 Sailfish Dr Brandon, FL 3
- 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1980
LEASED 11/11/20- Rent
- Rent Per SQFT
- $1,625
- $1.06
-
410 Larrie Ellen Way Brandon, FL 4
- 4 beds 2 baths ∙ 1,663 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,663 Sqft ∙ Built 1975
LEASED 02/04/21- Rent
- Rent Per SQFT
- $1,650
- $0.99
-
412 Clarissa Dr Brandon, FL 5
- 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,568 Sqft ∙ Built 1962
LEASED 04/13/20- Rent
- Rent Per SQFT
- $1,680
- $1.07
PROPERTY LISTING DETAILS
1.813.404.0505
Rabell Realty Group Llc
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3294128
Last Updated: 03/06/2021
