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815 Centerwood Ct Brandon, FL 33511

3 Beds 2 Baths 1,695 sqft Built 1977

$249,900

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

December 12, 2020 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1977
  • Price/Sqft : $147.43
  • 2 Days on Market
  • MLS # : T3280296
  • Updated Date : 12/12/2020 at 12:06
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,695 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

NO HOA or CDD!!! This home is TURNKEY with MAJOR Reno in 2019 ! New Kitchen SOLID wood Cabinets, Granite counters & Stainless Steel Appliances , NEW engineered Hardwood & Carpet throughout , NEW Fencing, NEW Paint & TWO NEWLY renovated bathrooms(one with a tub and one with a WALK-IN Shower). So Distance learning? Teleworking? Need a Workshop with 240V upgrades? This 3 bed 2 bath house ALSO has a 500Sq Ft BONUS ROOM to help you spread out. Have a dog??? Late night walks? The house is completely fenced for FIDO (NO breed or size restrictions). And If you have little ones so much room for toys and a Patio for outdoor entertaining. ALL this and NO HOA!!! First Time Home Buyers, Investors & folks who need to park their boat /RV, & want Riverview HS as their neighborhood school, WHAT are you waiting for ?

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

Neighborhood: Southwood Hills

NeighborhoodNIR Market*CityMarket2010Year2000201960k80k100k120k140k160k180k200k220k240kPrice in $55k252k

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

Neighborhood: Southwood Hills

NeighborhoodNIR Market*CityMarket2010Year20002019 Q28009001000110012001300140015001600Rent in $7391624

* 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
 

$224,910$274,890$249,900

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$922
Property Tax -$318
Property Insurance -$135
Property Management Fees -$129
CASH FLOW
$76

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.

$249,900

PROJECTED PRICE

$1,580

PROJECTED RENT

0.63%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

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
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$71,974

INVESTMENT

$71,974

Down Payment
$62,475
Rehab Estimate
$5,750
Closing Costs
$3,749

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$922

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $62,475
Loan Amount $187,425
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$28,403

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,580

    LIST RENT
  • $0.93

    LIST RENT PER SQFT
  • $1,631

    COMP ESTIMATED VALUE
  • $0.96

    COMP AVG. RENT PER SQFT
Comps Range
$1,495
1$1,4952$1,4953$1,5804$1,7505$1,775
$1,775
RENT COMPS ANALYSIS
  • 815 Centerwood Ct Brandon, FL 3
    • 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1977 3 beds 2 baths ∙ 1,695 Sqft ∙ Built 1977
    • Rent
    • Rent Per SQFT
    •  
    • $1,580
    • $0.93
    •  
  • 3715 Coppertree Cir Brandon, FL 1
    • 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1979 3 beds 2 baths ∙ 1,548 Sqft ∙ Built 1979
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.97
    •  
  • 3214 Acapulco Dr Riverview, FL 2
    • 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1983 3 beds 2 baths ∙ 1,525 Sqft ∙ Built 1983
    LEASED 05/18/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,495
    • $0.98
    •  
  • 11554 Wellman Dr Riverview, FL 4
    • 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1994 3 beds 2 baths ∙ 1,886 Sqft ∙ Built 1994
    LEASED 12/20/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,750
    • $0.93
    •  
  • 226 Van Gogh Cir Brandon, FL 5
    • 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1972 4 beds 2 baths ∙ 1,824 Sqft ∙ Built 1972
    LEASED 02/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,775
    • $0.97
    •  
PROPERTY LISTING DETAILS
Nancy Reagor
1.813.708.4883
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3280296
Last Updated: 12/12/2020
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