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867 Timber Pond Dr Brandon, FL 33510

4 Beds 2 Baths 2,107 sqft Built 1987

$293,000

List Price

$1,830

$1.6K - $2K

Rent Est.

PROPERTY INFO

January 13, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $139.06
  • 5 Days on Market
  • MLS # : T3284486
  • Updated Date : 01/13/2021 at 15:26
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,107 sqft
  • Baths : 2 full
Listing Agent

Florida Executive Realty

Listing Agent's Description

A MUST SEE in the highly desired Timber Pond community!!! You will fall in love with this beautiful, well-maintained 4 bedroom, 2 bath home as soon as you walk through front door. Enjoy entertaining family and friends in this lovely 2107sf home. The family room has vaulted ceilings, located just off the kitchen. The spacious eat-in kitchen has been updated with white cabinets, granite countertops and stainless steel appliances. This home adds extra privacy with a split bedroom floor plan, as well as, a separate living room for the kids to hang out. The master bedroom has vaulted ceilings and French doors accessing the screened lanai. You will love the separate his and her vanity with granite countertops. A spacious vanity for her in the dressing area with large walk-in closet. Access the screened lanai and fully fenced backyard through any of the 3 sets of double French doors. This home is conveniently located to shopping, restaurants and entertainment with easy access to I-4, I-75 and the Crosstown expressway, making a short commute to Tampa, MacDill AFB Sarasota and Orlando. Also, within walking distance to the county park with playgrounds, picnic area and basketball court. Now is the time to make this house YOUR home!!!

SEE MORE

MARKET HIGHLIGHTS

  • 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)
  • #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)

PRICE & RENT TRENDS

Neighborhood: Timber Pond

NeighborhoodNIR Market*CityMarket2010Year20002019100k150k200k250k300k350k400kPrice in $85k446k

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

Neighborhood: Timber Pond

NeighborhoodNIR Market*CityMarket2010Year20002019 Q2900100011001200130014001500160017001800Rent in $8781848

* 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
Limona Elementary School Primary Regular 553 36 6
Mclane Middle School Middle Regular 756 61 2
Brandon High School High Regular 1,864 116 4

Limona Elementary School

  • Education Level: Primary
  • # of students: 553
  • # of teachers: 36
6
GreatSchools Rating

Mclane Middle School

  • Education Level: Middle
  • # of students: 756
  • # of teachers: 61
2
GreatSchools Rating

Brandon High School

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

$263,700$322,300$293,000

PURCHASE PRICE

$1,647$2,013$1,830

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,830
EXPENSES Loan Payment -$1,018
Property Tax -$373
Property Insurance -$159
Property Management Fees -$129
CASH FLOW
$152

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.

$293,000

PROJECTED PRICE

$1,830

PROJECTED RENT

0.62%

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$1.0M$1.2M

PROJECTED ANNUAL CASH FLOW

11530$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k$14k$16k$18k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$83,395

INVESTMENT

$83,395

Down Payment
$73,250
Rehab Estimate
$5,750
Closing Costs
$4,395

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,018

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $73,250
Loan Amount $219,750
See What Happens When You Reinvest Cash Flow

9.08

YEARS SAVED

$35,640

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,830

    LIST RENT
  • $0.87

    LIST RENT PER SQFT
  • $1,828

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,7453$1,8304$1,8755$1,999
$1,999
RENT COMPS ANALYSIS
  • 867 Timber Pond Dr Brandon, FL 3
    • 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,107 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,830
    • $0.87
    •  
  • 608 Berry Bramble Dr Brandon, FL 1
    • 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,062 Sqft ∙ Built 2002
    LEASED 01/30/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,700
    • $0.82
    •  
  • 804 Berry Bramble Dr Brandon, FL 2
    • 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2002 4 beds 2 baths ∙ 2,112 Sqft ∙ Built 2002
    LEASED 06/08/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,745
    • $0.83
    •  
  • 1711 Woodmarker Ct Brandon, FL 4
    • 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2003 4 beds 2 baths ∙ 2,093 Sqft ∙ Built 2003
    LEASED 02/01/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,875
    • $0.90
    •  
  • 1311 Corner Oaks Dr Brandon, FL 5
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1985
    LEASED 01/12/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,999
    • $0.92
    •  
PROPERTY LISTING DETAILS
Barbara Mcclernan
1.813.763.4350
Florida Executive Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3284486
Last Updated: 01/13/2021
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