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PROPERTY INFO
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
- #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
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Timber Pond
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
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
| 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
$78,625
LOAN DETAILS
$955
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $68,750 |
| Loan Amount | $206,250 |
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
-
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
1.813.655.5333
Signature Realty Associates
1.866.250.5610
RentVest Florida
CQ1057457
MLS #: T3289816
Last Updated: 02/13/2021
