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738 Caliente Dr Brandon, FL 33511

4 Beds 3 Baths 1,979 sqft Built 1983

$229,000

List Price

$1,750

$1.6K - $1.9K

Rent Est.

PROPERTY INFO

November 07, 2020 RECENTLY ADDED
FACTS
  • Built In 1983
  • Price/Sqft : $115.72
  • 2 Days on Market
  • MLS # : T3274745
  • Updated Date : 11/07/2020 at 10:06
CONSTRUCTION
  • Beds : 4
  • Floor Size : 1,979 sqft
  • Baths : 2 full , 1 half
Listing Agent

Coldwell Banker Realty

Listing Agent's Description

This 4 bedroom 2.5 bath home has a brand new roof and new exterior paint, has great bones, and is ready for its new owner to rehab and make it their own! Located in the desirable Bloomingdale West community with highly rated schools, this home offers plenty of yard for your large family with children and pets. It also features a wood burning fireplace and a screened in lanai. It is within walking distance to Bloomingdale West park and there is the option to join the Bloomingdale golf course. Bloomindale has plenty of nearby shopping with easy access to the interstate and the Campo YMCA is also located conveniently nearby.

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

Neighborhood: Bloomingdale

NeighborhoodNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240k260k280k300k320k340kPrice in $91k343k

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

Neighborhood: Bloomingdale

NeighborhoodNIR 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
Cimino Elementary School Primary Regular 839 66 7
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Cimino Elementary School

  • Education Level: Primary
  • # of students: 839
  • # of teachers: 66
7
GreatSchools Rating

Burns Middle School

  • Education Level: Middle
  • # of students: 1,255
  • # of teachers: 75
7
GreatSchools Rating

Bloomingdale High School

  • Education Level: High
  • # of students: 2,191
  • # of teachers: 118
6
GreatSchools Rating
 

$206,100$251,900$229,000

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 -$845
Property Tax -$298
Property Insurance -$151
Property Management Fees -$80
CASH FLOW
$376

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.

$229,000

PROJECTED PRICE

$1,750

PROJECTED RENT

0.76%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.27%
Appreciation Year (1-5) 6.0%
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$0.0$5.0k$10k$15k$20k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,435

INVESTMENT

$66,435

Down Payment
$57,250
Rehab Estimate
$5,750
Closing Costs
$3,435

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 20% down payment or higher enables the proceeds from the asset to cover all costs.

$845

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,250
Loan Amount $171,750
See What Happens When You Reinvest Cash Flow

14

YEARS SAVED

$60,187

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
  • $0.88

    LIST RENT PER SQFT
  • $1,781

    COMP ESTIMATED VALUE
  • $0.9

    COMP AVG. RENT PER SQFT
Comps Range
$1,595
1$1,5952$1,5953$1,7324$1,7355$1,750
$1,750
RENT COMPS ANALYSIS
  • 738 Caliente Dr Brandon, FL 5
    • 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 1983 4 beds 3 baths ∙ 1,979 Sqft ∙ Built 1983
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.88
    •  
  • 4005 Orangefield Pl Valrico, FL 1
    • 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 1981 4 beds 2 baths ∙ 1,836 Sqft ∙ Built 1981
    LEASED 01/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.87
    •  
  • 606 Sandy Creek Dr Brandon, FL 2
    • 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 1983 4 beds 2 baths ∙ 1,813 Sqft ∙ Built 1983
    LEASED 05/15/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,595
    • $0.88
    •  
  • 3616 Greenstone Pl Valrico, FL 3
    • 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 1979 3 beds 3 baths ∙ 1,855 Sqft ∙ Built 1979
    LEASED 02/17/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,732
    • $0.93
    •  
  • 4116 Canoga Park Dr Brandon, FL 4
    • 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1984 4 beds 2 baths ∙ 1,881 Sqft ∙ Built 1984
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,735
    • $0.92
    •  
PROPERTY LISTING DETAILS
Heidi Adams
1.813.685.7755
Coldwell Banker Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3274745
Last Updated: 11/07/2020
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