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PROPERTY INFO
FACTS
- Single Family
- Built In 1978
- Price/Sqft : $200.44
- 3 Days on Market
- MLS # : T3282677
- Updated Date : 01/02/2021 at 15:25
CONSTRUCTION
- Beds : 3
- Floor Size : 1,145 sqft
- Baths : 2 full
Listing Agent
Signature Realty Associates
Listing Agent's Description
No HOA and no CDD! Updated, move-in-ready 3BR/2BA 2-car garage home in the heart of South Brandon. Newly remodeled kitchen with solid wood Shaker cabinets, and volcanic granite countertops in kitchen and baths. Newly installed double-pane windows throughout for energy efficiency. New carpet in bedrooms and new paint inside and out. New dimensional roof, AC and water heater in 2015. Ceiling fans throughout. Screened front and rear lanais. Totally fenced back yard with access to park your boat or trailer toy. Conveniently located to Brandon hospital, Westfield Brandon mall, I-75, and Lee Roy Selmon Expressway to Downtown and MacDill AFB.
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
Neighborhood: Southwood Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Southwood Hills
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $1,380 |
| EXPENSES | Loan Payment | -$847 |
| Property Tax | -$292 | |
| Property Insurance | -$103 | |
| Property Management Fees | -$129 | |
|
CASH FLOW
$10
|
||
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.
$229,500
PROJECTED PRICE
$1,380
PROJECTED RENT
0.60%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.87% |
| Appreciation Year (1-5) | 6.9% |
| Maintenance Year (1-5) | 8.00% |
| Vacancy | 5.25% |
| 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
$66,568
LOAN DETAILS
$847
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 4.25% |
| Down Payment | $57,375 |
| Loan Amount | $172,125 |
6.42
YEARS SAVED
$19,902
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$1,380
LIST RENT -
$1.21
LIST RENT PER SQFT
-
$1,153
COMP ESTIMATED VALUE -
$1.01
COMP AVG. RENT PER SQFT
Comps Range
-
808 Pebblewood Dr Brandon, FL 3
- 3 beds 2 baths ∙ 1,145 Sqft ∙ Built 1978 3 beds 2 baths ∙ 1,145 Sqft ∙ Built 1978
![property image]()
- Rent
- Rent Per SQFT
- $1,380
- $1.21
-
816 Centerwood Ct Brandon, FL 1
- 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,391 Sqft ∙ Built 1977
![property image]()
LEASED 01/01/20- Rent
- Rent Per SQFT
- $1,349
- $0.97
-
611 Sanfield St Brandon, FL 2
- 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
-
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
PROPERTY LISTING DETAILS
1.813.404.0329
Signature Realty Associates
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3282677
Last Updated: 01/02/2021
