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4035 Forecast Dr Brandon, FL 33511

3 Beds 2 Baths 1,156 sqft Built 1986

$220,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

December 31, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $190.31
  • 4 Days on Market
  • MLS # : T3282663
  • Updated Date : 01/01/2021 at 17:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,156 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

Welcome home to this cute 3 bedroom 2 bathroom, 1156 sq. ft. home in the heart of Brandon! The exterior of the home has been completely repainted and the kitchen features brand new counter tops! As you walk into the home you have an entry way with a coat closet making it easy to kick your shoes off and get comfortable. Just past the entryway you have your living/dining room combo with views of your GIANT backyard! The sliding glass doors allow the sunlight to pour through the living space making it feel light and airy. The kitchen has stainless steel appliances and a bar for easy viewing of the living area which is great for entertaining. The laundry room is just off the kitchen and leads into the garage. On the other side of the home you will find all 3 of your bedrooms and both bathrooms. The master bedroom comes with a wall length closet and an en-suite featuring a glass shower stall. The other two bedroom's are similar in size with one of them having a built in desk. The backyard comes equipped with a screened in porch, exercise bars, and a fire pit! This home is HOA and CDD FREE! You will be very close to shopping, restaurants, medical offices, car wash, gas station, fruit stand, public transportation and access to the interstate. There is a beautiful park nearby with massive shade trees and lots of play equipment to enjoy. Don't miss out on this Gorgeous Brondon Home!

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
Bloomingdale High School High Regular 2,191 118 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

Bloomingdale High School

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

$198,000$242,000$220,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$812
Property Tax -$280
Property Insurance -$103
Property Management Fees -$129
CASH FLOW
$126

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.

$220,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.66%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530$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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$64,050

INVESTMENT

$64,050

Down Payment
$55,000
Rehab Estimate
$5,750
Closing Costs
$3,300

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$812

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $55,000
Loan Amount $165,000
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$33,470

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $1.25

    LIST RENT PER SQFT
  • $1,214

    COMP ESTIMATED VALUE
  • $1.05

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,4503$1,4504$1,4655$1,545
$1,545
RENT COMPS ANALYSIS
  • 4035 Forecast Dr Brandon, FL 3
    • 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,156 Sqft ∙ Built 1986
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.25
    •  
  • 611 Sanfield St Brandon, FL 1
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1972
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 3812 Lake Grove Ct Brandon, FL 2
    • 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,368 Sqft ∙ Built 1977
    property image
    LEASED 02/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $1.06
    •  
  • 515 Wynnwood Dr Brandon, FL 4
    • 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,383 Sqft ∙ Built 1983
    property image
    LEASED 08/01/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,465
    • $1.06
    •  
  • 4217 Spring Way Cir Valrico, FL 5
    • 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,451 Sqft ∙ Built 1985
    property image
    LEASED 09/19/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $1.06
    •  
PROPERTY LISTING DETAILS
Kenneth Brownlee
1.813.413.4229
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3282663
Last Updated: 01/01/2021
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