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PROPERTY INFO
FACTS
- Single Family
- Built In 1973
- Price/Sqft : $210.42
- 4 Days on Market
- MLS # : T3291729
- Updated Date : 02/27/2021 at 19:44
CONSTRUCTION
- Beds : 3
- Floor Size : 950 sqft
- Baths : 1 full
Listing Agent
Keller Williams Realty
Listing Agent's Description
Welcome home to this 3 bedroom, 1 bathroom charmer! Time to stop looking -- this is the one! With a new AC in 2012, Water Heater in 2016, Windows in 2016, Screened-in Lanai in 2020, and Roof in 2006, this is a very smart purchase! Upon entry you will notice that the floorplan from living room, to the dining room and kitchen provide a great space for entertaining family or friends. A laundry closet houses shelving as well which makes this chore a little easier! Does the pandemic have you working from home? Turn this 3rd bedroom into an at-home office space! Take your guests outside to the new screened-in lanai, perfect for a sunset gathering. The fenced in backyard has great landscaping currently, AND is home to a new storage shed with a $4,000 value! Wonderfully located on a quiet street in a beautiful neighborhood, near all kinds of shopping and dining. Do not miss the opportunity to make this home yours and call us today to schedule your showing!
SEE MORE
- 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)
- #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)
PRICE & RENT TRENDS
Neighborhood: Brandon Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Brandon Valley
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,170 |
| EXPENSES | Loan Payment | -$694 |
| Property Tax | -$254 | |
| Property Insurance | -$91 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$1
|
||
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.
$199,900
PROJECTED PRICE
$1,170
PROJECTED RENT
0.59%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 4.13% |
| Appreciation Year (1-5) | 8.4% |
| 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
$58,724
LOAN DETAILS
$694
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $49,975 |
| Loan Amount | $149,925 |
6.42
YEARS SAVED
$14,626
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,170
LIST RENT -
$1.23
LIST RENT PER SQFT
-
$988
COMP ESTIMATED VALUE -
$1.04
COMP AVG. RENT PER SQFT
Comps Range
-
522 Avocado Cir Brandon, FL 1
- 3 beds 1 baths ∙ 950 Sqft ∙ Built 1973 3 beds 1 baths ∙ 950 Sqft ∙ Built 1973
![property image]()
- Rent
- Rent Per SQFT
- $1,170
- $1.23
-
121 Emily Ln Brandon, FL 2
- 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 1959 3 beds 2 baths ∙ 1,173 Sqft ∙ Built 1959
![property image]()
LEASED 02/19/20- Rent
- Rent Per SQFT
- $1,250
- $1.07
-
1633 Crossridge Dr Brandon, FL 3
- 3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,164 Sqft ∙ Built 1985
![property image]()
LEASED 05/01/20- Rent
- Rent Per SQFT
- $1,250
- $1.07
-
123 Melanie Ln Brandon, FL 4
- 3 beds 1 baths ∙ 1,280 Sqft ∙ Built 1967 3 beds 1 baths ∙ 1,280 Sqft ∙ Built 1967
![property image]()
LEASED 07/30/20- Rent
- Rent Per SQFT
- $1,250
- $0.98
PROPERTY LISTING DETAILS
1.813.842.5683
Keller Williams Realty
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3291729
Last Updated: 02/27/2021
