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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Zip Code: 33510
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$66,674
LOAN DETAILS
$848
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,475 |
| Loan Amount | $172,425 |
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
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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
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- $1,510
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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
1.888.668.8283
Dalton Wade, Inc.
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: W7828730
Last Updated: 11/28/2020
