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803 Kingswood Pl Brandon, FL 33511

3 Beds 2 Baths 1,351 sqft Built 1971

$259,000

List Price

$1,390

$1.3K - $1.5K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1971
  • Price/Sqft : $191.71
  • 3 Days on Market
  • MLS # : T3278011
  • Updated Date : 11/28/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,351 sqft
  • Baths : 2 full
Listing Agent

Florida Realty

Listing Agent's Description

House has a large pool 35x15 , House is an open floor plan, large front and back yard, fire place, No HOA,

SEE MORE

MARKET HIGHLIGHTS

  • #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)
  • 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)

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
Riverview High School High Regular 2,387 128 6

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

Riverview High School

  • Education Level: High
  • # of students: 2,387
  • # of teachers: 128
6
GreatSchools Rating
 

$233,100$284,900$259,000

PURCHASE PRICE

$1,251$1,529$1,390

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,390
EXPENSES Loan Payment -$956
Property Tax -$330
Property Insurance -$115
Property Management Fees -$80
CASH FLOW
-$90

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.

$259,000

PROJECTED PRICE

$1,390

PROJECTED RENT

0.54%

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$100k$200k$300k$400k$500k$600k$700k$800k

PROJECTED ANNUAL CASH FLOW

11530-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$74,385

INVESTMENT

$74,385

Down Payment
$64,750
Rehab Estimate
$5,750
Closing Costs
$3,885

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$956

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $64,750
Loan Amount $194,250
See What Happens When You Reinvest Cash Flow

4.42

YEARS SAVED

$13,249

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,390

    LIST RENT
  • $1.03

    LIST RENT PER SQFT
  • $1,381

    COMP ESTIMATED VALUE
  • $1.02

    COMP AVG. RENT PER SQFT
Comps Range
$1,350
1$1,3502$1,3903$1,5004$1,5255$1,625
$1,625
RENT COMPS ANALYSIS
  • 803 Kingswood Pl Brandon, FL 2
    • 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1971 3 beds 2 baths ∙ 1,351 Sqft ∙ Built 1971
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,390
    • $1.03
    •  
  • 611 Sanfield St Brandon, FL 1
    • 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,320 Sqft ∙ Built 1972
    property image
    LEASED 12/05/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,350
    • $1.02
    •  
  • 2213 Tanglewood Way Brandon, FL 3
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1975 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1975
    property image
    LEASED 08/14/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,500
    • $0.98
    •  
  • 1412 High Knoll Dr Brandon, FL 4
    • 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,481 Sqft ∙ Built 1987
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $1.03
    •  
  • 704 Sailfish Dr Brandon, FL 5
    • 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1980 3 beds 2 baths ∙ 1,535 Sqft ∙ Built 1980
    property image
    LEASED 11/11/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $1.06
    •  
PROPERTY LISTING DETAILS
Cornelius Pate
1.813.681.1133
Florida Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3278011
Last Updated: 11/28/2020
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