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806 Coulter Pl Brandon, FL 33511

4 Beds 2 Baths 2,175 sqft Built 1970

$330,000

List Price

$1,900

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

November 21, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1970
  • Price/Sqft : $151.72
  • 2 Days on Market
  • MLS # : U8105450
  • Updated Date : 11/21/2020 at 08:18
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,175 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

This charming, beautifully updated home is going to steal your heart. And you can move right in - the current owners did a major clean up of the property, replacing and repairing many items (list is attached). Now their untimely transfer is your opportunity to take advantage of the transformation. WOW! The backyard oasis boasts one of Hillsborough County's magnificent Grand Oaks! It was estimated by the Licensed Arborist called in to inspect and trim it to be over 300 years old! It is definitely the focal point of this gorgeous refuge, including other extensive landscaping, separating the inviting pool area (new pump recently installed) and the huge grassy yard, perfect for all kinds of games and relaxing. The backyard is completely fenced (with new gates) and a new shed has been added for your lawn tools and pool toys. Interior and exterior have been freshly painted, including the garage floor. If you like to greet neighbors and passersby while sipping your morning coffee, there is plenty of room to sit on the full length front porch. Come inside to the open living area with gleaming dark wood flooring, crown molding, newer lighting fixtures and many windows. Use your imagination as to where to place your furniture - so many options with this space. The glamorous kitchen features beautiful granite countertops, white cabinets, stainless steel appliances and newer faucet. The laundry room is oversized and has access to backyard pool area and garage. This home is located perfectly near Bryan and Lumsden, close to MacDill, the mall, restaurants and home stores. A quick trip to the Expressway and into Tampa, Ybor and the airport.

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • 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.

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
Brooker Elementary School Primary Regular 920 72 4
Burns Middle School Middle Regular 1,255 75 7
Bloomingdale High School High Regular 2,191 118 6

Brooker Elementary School

  • Education Level: Primary
  • # of students: 920
  • # of teachers: 72
4
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
 

$297,000$363,000$330,000

PURCHASE PRICE

$1,710$2,090$1,900

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,900
EXPENSES Loan Payment -$1,218
Property Tax -$459
Property Insurance -$163
Property Management Fees -$80
CASH FLOW
-$20

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.

$330,000

PROJECTED PRICE

$1,900

PROJECTED RENT

0.58%

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$93,200

INVESTMENT

$93,200

Down Payment
$82,500
Rehab Estimate
$5,750
Closing Costs
$4,950

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,218

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $82,500
Loan Amount $247,500
See What Happens When You Reinvest Cash Flow

5.67

YEARS SAVED

$25,279

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,900

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $2,034

    COMP ESTIMATED VALUE
  • $0.93

    COMP AVG. RENT PER SQFT
Comps Range
$1,625
1$1,6252$1,7953$1,8004$1,9005$1,900
$1,900
RENT COMPS ANALYSIS
  • 806 Coulter Pl Brandon, FL 5
    • 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1970 4 beds 2 baths ∙ 2,175 Sqft ∙ Built 1970
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.87
    •  
  • 2302 Bryan Rd Brandon, FL 1
    • 4 beds 2 baths ∙ 1,893 Sqft ∙ Built 1966 4 beds 2 baths ∙ 1,893 Sqft ∙ Built 1966
    property image
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,625
    • $0.86
    •  
  • 613 Bama Rd Brandon, FL 2
    • 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1971 4 beds 2 baths ∙ 1,856 Sqft ∙ Built 1971
    property image
    LEASED 09/25/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,795
    • $0.97
    •  
  • 1806 Lido Dr Brandon, FL 3
    • 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1979 4 beds 2 baths ∙ 1,875 Sqft ∙ Built 1979
    property image
    LEASED 08/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $0.96
    •  
  • 523 Julie Ln Brandon, FL 4
    • 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1967 4 beds 3 baths ∙ 2,000 Sqft ∙ Built 1967
    property image
    LEASED 11/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,900
    • $0.95
    •  
PROPERTY LISTING DETAILS
Marni Smith Pa
1.727.647.4837
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: U8105450
Last Updated: 11/21/2020
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