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402 S Bryan Cir Brandon, FL 33511

4 Beds 2 Baths 2,122 sqft Built 1962

$289,000

List Price

$1,660

$1.5K - $1.8K

Rent Est.

PROPERTY INFO

November 28, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1962
  • Price/Sqft : $136.19
  • 2 Days on Market
  • MLS # : T3277811
  • Updated Date : 11/28/2020 at 19:16
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,122 sqft
  • Baths : 2 full
Listing Agent

A.l. Commercial, Inc.

Listing Agent's Description

Incredible value for this beautiful Brandon Ranch home set on one of the prettiest picturesque lots you will ever see for this price range. This incredibly spacious home has 2122 sf of living space with 4 bedrooms and 2 bathrooms. Updated kitchen with Quartz Countertops, new appliances, custom lighting and laminate flooring. The home has a fireplace, brand new carpeting throughout, new lighting, ceiling fans, etc..Tons of outdoor and entertaining space with a 35' x 16' covered lanai!! The neighborhood is absolutely beautiful, with wonderful neighbors and super quiet!! The home features a side entry oversized 2 car garage. The home is located conveniently between Brandon Blvd and Lumsden for easy access to restaurants/shopping/entertainment and a short drive to downtown. This is really an incredible value for a first time home buyer to purchase a real home in a wonderful neighborhood.......no cookie cutter home here!!! Home comes with a 1year pre-paid American Home Shield Warranty for additional peace of mind.

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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
Brooker Elementary School Primary Regular 920 72 4
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Brooker Elementary School

  • Education Level: Primary
  • # of students: 920
  • # of teachers: 72
4
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
 

$260,100$317,900$289,000

PURCHASE PRICE

$1,494$1,826$1,660

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,660
EXPENSES Loan Payment -$1,066
Property Tax -$368
Property Insurance -$160
Property Management Fees -$80
CASH FLOW
-$14

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

$1,660

PROJECTED RENT

0.57%

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$1.0M

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$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$82,335

INVESTMENT

$82,335

Down Payment
$72,250
Rehab Estimate
$5,750
Closing Costs
$4,335

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,066

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $72,250
Loan Amount $216,750
See What Happens When You Reinvest Cash Flow

5.92

YEARS SAVED

$22,792

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,660

    LIST RENT
  • $0.78

    LIST RENT PER SQFT
  • $1,793

    COMP ESTIMATED VALUE
  • $0.85

    COMP AVG. RENT PER SQFT
Comps Range
$1,449
1$1,4492$1,5953$1,6604$1,8005$1,900
$1,900
RENT COMPS ANALYSIS
  • 402 S Bryan Cir Brandon, FL 3
    • 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 1962 4 beds 2 baths ∙ 2,122 Sqft ∙ Built 1962
    • Rent
    • Rent Per SQFT
    •  
    • $1,660
    • $0.78
    •  
  • 512 E Hilda Dr Brandon, FL 1
    • 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,824 Sqft ∙ Built 1975
    LEASED 12/07/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,449
    • $0.79
    •  
  • 705 Green Cove Dr Brandon, FL 2
    • 4 beds 2 baths ∙ 1,862 Sqft ∙ Built 1977 4 beds 2 baths ∙ 1,862 Sqft ∙ Built 1977
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.86
    •  
  • 504 Charles Pl Brandon, FL 4
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1973
    LEASED 07/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
  • 523 Julie Ln Brandon, FL 5
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1967
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
PROPERTY LISTING DETAILS
Chris Parrado
1.813.294.7187
A.l. Commercial, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3277811
Last Updated: 11/28/2020
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