Work with a dedicated Real Estate Advisor who will take your financial preferences and help you select and acquire properties that fit your criteria. Learn more

704 Westwood Cir Brandon, FL 33511

4 Beds 3 Baths 2,582 sqft Built 1964

$325,000

List Price

$1,950

$1.8K - $2.1K

Rent Est.

PROPERTY INFO

December 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1964
  • Price/Sqft : $125.87
  • 7 Days on Market
  • MLS # : T3281315
  • Updated Date : 12/21/2020 at 15:19
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,582 sqft
  • Baths : 3 full
Listing Agent

Ann Lee Realty Inc

Listing Agent's Description

Location! Location! Location! You can walk to town from this quality Hutton Built tri-level home in south Brandon. With 2582 sq. ft. of cooled and heated space, this spacious home with 4 bedrooms and 3 full baths flows through 3 levels. The first floor features a great room with full bath and is currently used as an office; think man cave or media room. The entry door opens to the second floor leading to the large living room (new Anderson windows) with wood burning fireplace, formal dining room with sliders to the screened in patio, updated kitchen with stainless appliances and eat in dinette. Beautiful large tiled marble floors throughout floors 1 and 2. A short stair case to floor 3 leads to 4 large bedrooms including the master with an en suite with a jetted tub and separate shower. Original wood floors that have been refinished throughout the 3rd level. The covered, screened in lanai (15x30) is perfect for relaxing and looking out to the large fenced in yard with Koi pond and concrete slab ready for your new outdoor shed. Lush vegetation grows in the front and back yard; banana, avocado and plumeria to name a few. This home is located 10 minutes from Brandon Regional Hospital, Post Office, Banks, Shopping and Dining plus convenient access to the Selmon Crosstown and major highways. This well built and well loved home has been well maintained and is ready for the next chapter! This home is destined to sell quickly so do not wait! Call to schedule your personal tour.

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
Yates Elementary School Primary Regular 727 57 2
Mclane Middle School Middle Regular 756 61 2
Brandon High School High Regular 1,864 116 4

Yates Elementary School

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

Mclane Middle School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 61
2
GreatSchools Rating

Brandon High School

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

$292,500$357,500$325,000

PURCHASE PRICE

$1,755$2,145$1,950

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,950
EXPENSES Loan Payment -$1,199
Property Tax -$414
Property Insurance -$187
Property Management Fees -$129
CASH FLOW
$22

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.

$325,000

PROJECTED PRICE

$1,950

PROJECTED RENT

0.60%

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$1.0M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

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$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

6.67

YEARS SAVED

$30,132

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,950

    LIST RENT
  • $0.76

    LIST RENT PER SQFT
  • $1,846

    COMP ESTIMATED VALUE
  • $0.72

    COMP AVG. RENT PER SQFT
Comps Range
$1,600
1$1,6002$1,8003$1,950
$1,950
RENT COMPS ANALYSIS
  • 704 Westwood Cir Brandon, FL 3
    • 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1964 4 beds 3 baths ∙ 2,582 Sqft ∙ Built 1964
    • Rent
    • Rent Per SQFT
    •  
    • $1,950
    • $0.76
    •  
  • 502 W Hilda Dr Brandon, FL 1
    • 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1963 4 beds 3 baths ∙ 2,465 Sqft ∙ Built 1963
    LEASED 12/27/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,600
    • $0.65
    •  
  • 504 Charles Pl Brandon, FL 2
    • 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1973 4 beds 3 baths ∙ 2,303 Sqft ∙ Built 1973
    LEASED 07/06/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.78
    •  
PROPERTY LISTING DETAILS
Anna Lee
1.813.294.3700
Ann Lee Realty Inc
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3281315
Last Updated: 12/21/2020
BESbswy