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608 Hillpine Way Brandon, FL 33510

3 Beds 3 Baths 2,175 sqft Built 1976

$319,900

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

FACTS
  • Single Family
  • Built In 1976
  • Price/Sqft : $147.08
  • 19 Days on Market
  • MLS # : U8108104
  • Updated Date : 01/08/2021 at 09:03
CONSTRUCTION
  • Beds : 3
  • Floor Size : 2,175 sqft
  • Baths : 3 full
Listing Agent

Realty Excellence Adamo & Asso

Listing Agent's Description

Executive style pool home. This home has 3 Bedrooms and 3 Bathrooms, including 2 Master Bedrooms with En Suite Bathrooms. The sparkling salt-water pool was just completely re-done with new surfacing, pump, and plumbing. The Pool is enclosed by a privacy wall, and screen cover. Walk in through the tropical front patio and enter into the large Foyer and Formal Living Room with lots of natural light and vaulted ceiling. All new Porcelain Tile flooring through-out the entire home. Then move into the Kitchen with Quartz Counters and Stainless Appliances, and breakfast bar. The Formal Dining room has a full wall of built in cabinets for storage and to display your treasures. The 25ft long Family Room has Vaulted ceilings, a Fireplace, and two sets of sliding glass doors leading to the Pool and patio area. All 3 bathrooms have been updated, the entire home has been painted, inside and outside. The roof is 6 years old, and newer HVAC system as well. Most of the window are impact resistant as well. The 2 car garage has a work bench and extra storage cabinets on the walls. This home is sparkling clean. Just perfect for extended family, or for frequent entertainers. Located in the heart of Brandon with all the Shopping, Dining, and entertainment you could ask for, and a short commute to Tampa Airport and the Famous Busch Gardens.

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: 33510

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k252k

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

Zip Code: 33510

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781624

* 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
 

$287,910$351,890$319,900

PURCHASE PRICE

$1,575$1,925$1,750

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,750
EXPENSES Loan Payment -$1,111
Property Tax -$414
Property Insurance -$163
Property Management Fees -$129
CASH FLOW
-$67

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.

$319,900

PROJECTED PRICE

$1,750

PROJECTED RENT

0.55%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$14k

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$90,524

INVESTMENT

$90,524

Down Payment
$79,975
Rehab Estimate
$5,750
Closing Costs
$4,799

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,111

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,975
Loan Amount $239,925
See What Happens When You Reinvest Cash Flow

5.17

YEARS SAVED

$16,642

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,750

    LIST RENT
  • $0.8

    LIST RENT PER SQFT
  • $1,745

    COMP ESTIMATED VALUE
  • $0.8

    COMP AVG. RENT PER SQFT
Comps Range
$1,550
1$1,5502$1,5953$1,5954$1,6955$1,750
$1,750
RENT COMPS ANALYSIS
  • 608 Hillpine Way Brandon, FL 5
    • 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 1976 3 beds 3 baths ∙ 2,175 Sqft ∙ Built 1976
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.80
    •  
  • 1827 Staysail Dr Valrico, FL 1
    • 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1992 3 beds 2 baths ∙ 2,063 Sqft ∙ Built 1992
    LEASED 11/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,550
    • $0.75
    •  
  • 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
    •  
  • 325 Country Vineyard Dr Valrico, FL 4
    • 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1994 4 beds 2 baths ∙ 2,204 Sqft ∙ Built 1994
    LEASED 02/29/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,695
    • $0.77
    •  
PROPERTY LISTING DETAILS
Penny Vierling
1.727.709.2893
Realty Excellence Adamo & Asso
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8108104
Last Updated: 01/08/2021
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