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410 E Windhorst Rd Brandon, FL 33510

4 Beds 2 Baths 1,791 sqft Built 1975

$285,000

List Price

$1,590

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 29, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1975
  • Price/Sqft : $159.13
  • 2 Days on Market
  • MLS # : T3278167
  • Updated Date : 11/29/2020 at 01:00
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,791 sqft
  • Baths : 2 full
Listing Agent

Avenue Homes Llc

Listing Agent's Description

Beautifully renovated 4-bedroom 2-bathroom home in Brandon! Walk in and admire the bright open space that offers convenience, function, and modern style. The exterior offers contemporary vibes, emitting a relaxing aura that calls home. This home gears a spacious backyard perfect for any family or entertainment function. This home will not last long. Start living the good life today! Call now for an exclusive and private showing!

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

Neighborhood: Seffner Community Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k252k

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

Neighborhood: Seffner Community Alliance

NeighborhoodNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8541624

* 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
Seffner Elementary School Primary Regular 708 55 3
Mann Middle School Middle Regular 1,096 68 3
Brandon High School High Regular 1,864 116 4

Seffner Elementary School

  • Education Level: Primary
  • # of students: 708
  • # of teachers: 55
3
GreatSchools Rating

Mann Middle School

  • Education Level: Middle
  • # of students: 1,096
  • # of teachers: 68
3
GreatSchools Rating

Brandon High School

  • Education Level: High
  • # of students: 1,864
  • # of teachers: 116
4
GreatSchools Rating
 

$256,500$313,500$285,000

PURCHASE PRICE

$1,431$1,749$1,590

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,590
EXPENSES Loan Payment -$1,052
Property Tax -$363
Property Insurance -$140
Property Management Fees -$80
CASH FLOW
-$45

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.

$285,000

PROJECTED PRICE

$1,590

PROJECTED RENT

0.56%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 7.3%
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

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$81,275

INVESTMENT

$81,275

Down Payment
$71,250
Rehab Estimate
$5,750
Closing Costs
$4,275

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,052

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $71,250
Loan Amount $213,750
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$19,422

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,590

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,549

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,445
1$1,4452$1,4503$1,4954$1,4995$1,590
$1,590
RENT COMPS ANALYSIS
  • 410 E Windhorst Rd Brandon, FL 5
    • 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1975 4 beds 2 baths ∙ 1,791 Sqft ∙ Built 1975
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,590
    • $0.89
    •  
  • 416 Cranberry Ln Brandon, FL 1
    • 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,675 Sqft ∙ Built 1962
    property image
    LEASED 04/03/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,445
    • $0.86
    •  
  • 314 W Windhorst Rd Brandon, FL 2
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1981
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
  • 1009 Peachwood Dr Brandon, FL 3
    • 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 1995
    property image
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
  • 1224 Lorie Cir Brandon, FL 4
    • 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1962 3 beds 2 baths ∙ 1,736 Sqft ∙ Built 1962
    property image
    LEASED 01/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,499
    • $0.86
    •  
PROPERTY LISTING DETAILS
Mariam Serra
1.813.504.0157
Avenue Homes Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278167
Last Updated: 11/29/2020
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