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506 Brantwood Ct Valrico, FL 33594

5 Beds 3 Baths 2,126 sqft Built 1971

$334,900

List Price

$1,730

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $157.53
  • 5 Days on Market
  • MLS # : T3280678
  • Updated Date : 01/16/2021 at 14:07
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,126 sqft
  • Baths : 2 full , 1 half
Listing Agent

Yany Realty Llc

Listing Agent's Description

MULTIPLE OFFERS, seller requests your best offer to be submitted by tomorrow 01/17 at 2PM. FHA, Conventional, VA, Cash **Charming and Completely Updated 5 BED/ 2/1 BATH + GREAT ROOM waiting for its lucky buyer!. It’s an ideal home for first- time home buyers with MANY updates. As you approach this beauty, the contemporary look of NEW PAINTING, fresh landscape and Spacious driveway will caught your eyes. Tons of updates from flooring to ceiling starting with BRAND NEW ROOF and TILE through-out. Cooking meals for your family in a HUGE & BRAND NEW KITCHEN with Luxurious Countertops, NEW CABINETS and ALL NEW STAINLESS APPLIANCES, has never been more fun! Bathrooms have been UPDATED with NEW VANITIES, LIGHTINGS and much more. Other valuable details to keep in mind include NEW LIGHTING, FRESH PAINTING, TEXTURE WALLS AND CEILING as well. This home has expansive space, you DEFINITELY have to take a look inside. The details are what make this Home very interesting. Pack your things and start living in your SO WELL DESERVED & RENOVATED HOME!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Zip Code: 33594

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Zip Code: 33594

ZipNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700180019002000Rent in $9052007

* 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
Yates Elementary School Primary Regular 727 57 2
Mann Middle School Middle Regular 1,096 68 3
Brandon High School High Regular 1,864 116 4

Yates Elementary School

  • Education Level: Primary
  • # of students: 727
  • # of teachers: 57
2
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
 

$301,410$368,390$334,900

PURCHASE PRICE

$1,557$1,903$1,730

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,730
EXPENSES Loan Payment -$1,163
Property Tax -$441
Property Insurance -$160
Property Management Fees -$129
CASH FLOW
-$164

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.

$334,900

PROJECTED PRICE

$1,730

PROJECTED RENT

0.52%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 7.0%
Maintenance Year (1-5) 8.00%
Vacancy 5.26%
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-$4.0k-$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$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$94,499

INVESTMENT

$94,499

Down Payment
$83,725
Rehab Estimate
$5,750
Closing Costs
$5,024

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 60% down payment or higher enables the proceeds from the asset to cover all costs.

$1,163

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $83,725
Loan Amount $251,175
See What Happens When You Reinvest Cash Flow

3.67

YEARS SAVED

$11,002

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,730

    LIST RENT
  • $0.81

    LIST RENT PER SQFT
  • $1,759

    COMP ESTIMATED VALUE
  • $0.83

    COMP AVG. RENT PER SQFT
Comps Range
$1,449
1$1,4492$1,5953$1,5954$1,7305$1,895
$1,895
RENT COMPS ANALYSIS
  • 506 Brantwood Ct Valrico, FL 4
    • 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 1971 4 beds 3 baths ∙ 2,126 Sqft ∙ Built 1971
    • Rent
    • Rent Per SQFT
    •  
    • $1,730
    • $0.81
    •  
  • 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
    •  
  • 207 Belfort Pl Valrico, FL 2
    • 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1988 3 beds 2 baths ∙ 1,912 Sqft ∙ Built 1988
    LEASED 10/10/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.83
    •  
  • 705 Green Cove Dr Brandon, FL 3
    • 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
    •  
  • 3107 Elderwood Pl Seffner, FL 5
    • 5 beds 3 baths ∙ 2,276 Sqft ∙ Built 1980 5 beds 3 baths ∙ 2,276 Sqft ∙ Built 1980
    LEASED 07/05/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,895
    • $0.83
    •  
PROPERTY LISTING DETAILS
Yeleiny Vazquez Gonzalez
1.813.679.3694
Yany Realty Llc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280678
Last Updated: 01/16/2021
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