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807 E Clay Ave Brandon, FL 33510

3 Beds 2 Baths 1,643 sqft Built 1986

$229,900

List Price

$1,510

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

November 27, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1986
  • Price/Sqft : $139.93
  • 3 Days on Market
  • MLS # : W7828730
  • Updated Date : 11/28/2020 at 01:00
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,643 sqft
  • Baths : 2 full
Listing Agent

Dalton Wade, Inc.

Listing Agent's Description

BEAUTIFUL 3 BED, 2 BATH, 1 CAR (CONVERTED EASILY BACK TO 2 CAR) GARAGE HOME with Brick, Wood-burning Fireplace for cozy nights, New AC, ROOF 8 Years (MOL) spacious dining and living room with dinette off kitchen. Breakfast bar. Extra bonus, storage utility type room in garage area. New Samsung front loader washer and dryer convey with the property. Lavish, mature landscaping front and rear. Enjoy nature's tranquility in the large, rear screened-in, ceramic-tiled lanai. Close to shopping and bus lines. A GREAT FLORIDA HOME AT A GREAT PRICE!! BE SURE TO CLICK ON VIRTUAL TOUR FOR BEST VIEWING.

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: 33510

ZipNIR Market*CityMarket2010Year20002019100k120k140k160k180k200k220k240kPrice in $85k252k

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

Zip Code: 33510

ZipNIR Market*CityMarket2010Year20002019 Q29001000110012001300140015001600Rent in $8781624

* 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
Mann Middle School Middle Regular 1,096 68 3
Brandon High School High Regular 1,864 116 4

Yates Elementary School

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

Mann Middle School

  • Education Level: Middle
  • # of students: 1,096
  • # of teachers: 68
3
GreatSchools Rating

Brandon High School

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

$206,910$252,890$229,900

PURCHASE PRICE

$1,359$1,661$1,510

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,510
EXPENSES Loan Payment -$848
Property Tax -$305
Property Insurance -$132
Property Management Fees -$80
CASH FLOW
$145

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.

$229,900

PROJECTED PRICE

$1,510

PROJECTED RENT

0.66%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 4.13%
Appreciation Year (1-5) 8.4%
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$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$66,674

INVESTMENT

$66,674

Down Payment
$57,475
Rehab Estimate
$5,750
Closing Costs
$3,449

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 40% down payment or higher enables the proceeds from the asset to cover all costs.

$848

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $57,475
Loan Amount $172,425
See What Happens When You Reinvest Cash Flow

9.5

YEARS SAVED

$35,687

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,510

    LIST RENT
  • $0.92

    LIST RENT PER SQFT
  • $1,544

    COMP ESTIMATED VALUE
  • $0.94

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,5104$1,5155$1,545
$1,545
RENT COMPS ANALYSIS
  • 807 E Clay Ave Brandon, FL 3
    • 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1986 3 beds 2 baths ∙ 1,643 Sqft ∙ Built 1986
    • Rent
    • Rent Per SQFT
    •  
    • $1,510
    • $0.92
    •  
  • 614 Lakemont Dr Brandon, FL 1
    • 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1996 3 beds 2 baths ∙ 1,511 Sqft ∙ Built 1996
    LEASED 04/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.99
    •  
  • 1009 Peachwood Dr Brandon, FL 2
    • 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 1995 4 beds 2 baths ∙ 1,623 Sqft ∙ Built 1995
    LEASED 03/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.92
    •  
  • 516 Hilldale Rd Brandon, FL 4
    • 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1974 4 beds 2 baths ∙ 1,666 Sqft ∙ Built 1974
    LEASED 02/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,515
    • $0.91
    •  
  • 817 Benninger Dr Brandon, FL 5
    • 4 beds 2 baths ∙ 1,643 Sqft ∙ Built 1986 4 beds 2 baths ∙ 1,643 Sqft ∙ Built 1986
    LEASED 03/27/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,545
    • $0.94
    •  
PROPERTY LISTING DETAILS
Richard Leblanc, Pa
1.888.668.8283
Dalton Wade, Inc.
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: W7828730
Last Updated: 11/28/2020
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