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608 W Dali Dr Brandon, FL 33511

3 Beds 2 Baths 1,646 sqft Built 1970

$279,000

List Price

$1,540

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

February 06, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $169.50
  • 2 Days on Market
  • MLS # : T3286534
  • Updated Date : 02/06/2021 at 15:31
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,646 sqft
  • Baths : 2 full
Listing Agent

Align Right Realty Clearwater

Listing Agent's Description

Established quiet neighborhood in the heart of Brandon. As you drive up you'll see the front yard has new attractive landscaping and an old fashioned street lamp in the front yard. When you enter the home you’ll see classic wood-like tile flooring which extends thru out all common areas and bedrooms in the home. Bathrooms have ceramic tile so there's no carpet in this home!! Perfect for those with allergies. The interior of the home has been newly textured thru out, So there are no defects on these walls and they are ready for you to add your own personal touch of color to the home. As your walking into the home to the right just passed the foyer is the master suite with private full bath. Bathroom has been beautifully updated, and has a deep Jetted Jacuzzi tub! Perfect way to end your day. Master closet & secondary bedroom closets are all customized. The home features updated kitchen with granite countertops, updated cabinets, new glass tile backsplash and stainless steel appliances. There is a brand new microwave which can be installed above the stove but would need the cabinets above the range removed. The kitchen also has a reverse osmosis system so you Never need to buy water again! As you’re washing your dishes there is a window there above the sink that gives you a picturesque view of the backyard. The entire home has double insulated windows, and a water softener system. The Glass French doors that lead to the back yard are double insulated windows and come with internal blinds. The foyer, family room and kitchen have beautiful matching light fixtures that add a touch of class to the home. The family room is where you’ll find the modern looking wood burning fireplace newly tiled. There are fans in all the bedrooms, family and living room. Hall bathroom has newer cabinet and wide Porcelain sink. Study/Den to the right of the kitchen has its own private exterior door leading to the backyard. The entry door has beautiful Stainglass window insert in it. Garage floor is painted with a very convenient side entry door into the garage. There is a shed in the backyard with 2 windows and shelving inside ready to house all your yard and home tools. The backyard is fully fenced. The home has a new roof. AC units and water heater are approximately 2 years old. Close to restaurants, shopping and the highway.

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: 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
Brandon High School High Regular 1,864 116 4

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

Brandon High School

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

$251,100$306,900$279,000

PURCHASE PRICE

$1,386$1,694$1,540

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,540
EXPENSES Loan Payment -$969
Property Tax -$355
Property Insurance -$132
Property Management Fees -$129
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.

$279,000

PROJECTED PRICE

$1,540

PROJECTED RENT

0.55%

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$200k$400k$600k$800k

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

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$79,685

INVESTMENT

$79,685

Down Payment
$69,750
Rehab Estimate
$5,750
Closing Costs
$4,185

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$969

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $69,750
Loan Amount $209,250
See What Happens When You Reinvest Cash Flow

5.42

YEARS SAVED

$15,853

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,540

    LIST RENT
  • $0.94

    LIST RENT PER SQFT
  • $1,630

    COMP ESTIMATED VALUE
  • $0.99

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,5003$1,5404$1,7255$1,775
$1,775
RENT COMPS ANALYSIS
  • 608 W Dali Dr Brandon, FL 3
    • 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1970 3 beds 2 baths ∙ 1,646 Sqft ∙ Built 1970
    • Rent
    • Rent Per SQFT
    •  
    • $1,540
    • $0.94
    •  
  • 3214 Acapulco Dr Riverview, FL 1
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1983
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 2213 Tanglewood Way Brandon, FL 2
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1975
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.98
    •  
  • 218 Van Gogh Cir Brandon, FL 4
    • 4 beds 2 baths ∙ 1,670 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,670 Sqft ∙ Built 1971
    LEASED 10/15/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,725
    • $1.03
    •  
  • 226 Van Gogh Cir Brandon, FL 5
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1972
    LEASED 01/05/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.97
    •  
PROPERTY LISTING DETAILS
Nancy Caballero
1.813.856.6095
Align Right Realty Clearwater
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3286534
Last Updated: 02/06/2021
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