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878 Timber Pond Dr Brandon, FL 33510

3 Beds 2 Baths 1,635 sqft Built 1987

$275,000

List Price

$1,450

$1.3K - $1.6K

Rent Est.

PROPERTY INFO

February 12, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $168.20
  • 3 Days on Market
  • MLS # : T3289816
  • Updated Date : 02/13/2021 at 14:04
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,635 sqft
  • Baths : 2 full
Listing Agent

Signature Realty Associates

Listing Agent's Description

View the home virtually with this link: my.matterport.com/show/?m=MkVg3MryezJ&mls=1 This 3-bedroom, 2-bathroom, 1,635 sqft home has been meticulously cared for and it shows! This home is a must-see, and will please every buyer from the moment you arrive! Enjoy the STUNNING curb appeal with stone accents, brick pavered walkway and porch, and luscious tropical landscaping! The current sellers have spared no expense on this home and have done some amazing upgrades including an extended driveway, updated flooring, plantation shutters, private RV or boat port, and more! The open-concept floor plan inside truly is the perfect set up to entertain! You are greeted at the front with an oh so spacious family room with french doors leading out to the lanai and flows right into the kitchen! The charming kitchen will please the whole family with wood cabinets with glass door accents and crown, and a spacious dinette with french door exit to the lanai! Making meals as a family will be a breeze! You will love hosting meals in your dining room with tons of natural light and accent wall cut out! The master suite is a dream with so much space and tons of windows! The walk-in closet is so luxurious with custom organizers and drawers and the en-suite features his and her sinks, a makeup vanity, and walk-in shower! The split floor plan allows two more bedrooms with gorgeous laminate flooring that share an additional bathroom! This oversized screened and covered lanai is the perfect spot to relax and enjoy the Florida weather! On colder days you will love to soak in the private hot tub spa! But that’s not all! Step outside and love the backyard oasis the current homeowner has created! Fully fenced, tons of greenery, and a sidewalk that wraps around to the RV carport! Enjoy peace of mind with NO HOA and NO CDD fees! Bring your boats, trailers, and RV’s and park them with ease on your very own property! This one is certainly a winner, come take a look TODAY!

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: 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
 

$247,500$302,500$275,000

PURCHASE PRICE

$1,305$1,595$1,450

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,450
EXPENSES Loan Payment -$955
Property Tax -$350
Property Insurance -$131
Property Management Fees -$129
CASH FLOW
-$115

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.

$275,000

PROJECTED PRICE

$1,450

PROJECTED RENT

0.53%

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-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k

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$78,625

INVESTMENT

$78,625

Down Payment
$68,750
Rehab Estimate
$5,750
Closing Costs
$4,125

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$955

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $68,750
Loan Amount $206,250
See What Happens When You Reinvest Cash Flow

4.08

YEARS SAVED

$10,220

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,450

    LIST RENT
  • $0.89

    LIST RENT PER SQFT
  • $1,447

    COMP ESTIMATED VALUE
  • $0.89

    COMP AVG. RENT PER SQFT
Comps Range
$1,450
1$1,4502$1,4503$1,5254$1,5755$1,685
$1,685
RENT COMPS ANALYSIS
  • 878 Timber Pond Dr Brandon, FL 2
    • 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,635 Sqft ∙ Built 1987
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.89
    •  
  • 314 W Windhorst Rd Brandon, FL 1
    • 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1981 3 beds 2 baths ∙ 1,775 Sqft ∙ Built 1981
    property image
    LEASED 09/21/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,450
    • $0.82
    •  
  • 509 Clemons Rd Brandon, FL 3
    • 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1973 3 beds 2 baths ∙ 1,638 Sqft ∙ Built 1973
    property image
    LEASED 02/06/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,525
    • $0.93
    •  
  • 715 Pennyroyal Pl Brandon, FL 4
    • 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,863 Sqft ∙ Built 1992
    property image
    LEASED 08/30/19
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $0.85
    •  
  • 615 Berry Bramble Dr Brandon, FL 5
    • 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2003 3 beds 2 baths ∙ 1,791 Sqft ∙ Built 2003
    property image
    LEASED 04/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,685
    • $0.94
    •  
PROPERTY LISTING DETAILS
Brenda Wade
1.813.655.5333
Signature Realty Associates
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3289816
Last Updated: 02/13/2021
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