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882 Timber Pond Dr Brandon, FL 33510

4 Beds 2 Baths 2,331 sqft Built 1987

$319,000

List Price

$1,910

$1.7K - $2.1K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 26, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1987
  • Price/Sqft : $136.85
  • 3 Days on Market
  • MLS # : T3297525
  • Updated Date : 03/26/2021 at 16:51
CONSTRUCTION
  • Beds : 4
  • Floor Size : 2,331 sqft
  • Baths : 2 full
Listing Agent

Keller Williams Realty

Listing Agent's Description

SPECTACULAR HOME IN THE HEART OF BRANDON YET TUCKED AWAY IN SOUGHT AFTER TIMBER POND COMMUNITY! THIS SINGLE STORY 2331 SF HOME BOASTS OPEN FLOOR PLAN WITH 4 BEDROOMS & 2 FULL BATHS. AS YOU ENTER THE FOYER AREA YOU WILL IMMEDIATELY FALL IN LOVE WITH THE VAULTED CEILINGS, HUGE LIVING ROOM WITH FIREPLACE AND UPDATED KITCHEN WITH TONS OF CABINETS, STAINLESS STEEL APPLIANCES, GRANITE COUNTERTOPS, BACKSPLASH AND LARGE ISLAND + HUGE FAMILY ROOM! THIS HOME HAS 3-WAY SPLIT FLOOR PLAN FOR ADDED PRIVACY. MASTER SUITE FEATURES WALK-IN CLOSET, 2 SINKS WITH CORIAN COUNTERTOPS AND WALK-IN SHOWER. THREE ADDITIONAL BEDROOMS AND 2ND FULL BATH ARE LOCATED ON THE SOUTH SIDE OF THE HOME. UPDATES INCLUDE WATERPROOF VINYL FLOORING, ROOF 2018 AND A/C 2020. STEP OUT TO THE COVERED SCREENED-IN PATIO AND ENJOY YOUR BEAUTIFUL PRIVATE FENCED-IN BACKYARD. THIS HOME HAS NO HOA AND NO CDD FEES! LOCATED WITHIN MINUTES TO SHOPS, RESTAURANTS, BRANDON REGIONAL HOSPITAL & I75/SELMON EXPWY. EASY COMMUTE TO DOWNTOWN TAMPA, MACDILL AFB AND TAMPA INTL AIRPORT.

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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
 

$287,100$350,900$319,000

PURCHASE PRICE

$1,719$2,101$1,910

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,910
EXPENSES Loan Payment -$1,108
Property Tax -$406
Property Insurance -$172
Property Management Fees -$129
CASH FLOW
$95

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.

$319,000

PROJECTED PRICE

$1,910

PROJECTED RENT

0.60%

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$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$90,285

INVESTMENT

$90,285

Down Payment
$79,750
Rehab Estimate
$5,750
Closing Costs
$4,785

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

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

$1,108

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $79,750
Loan Amount $239,250
See What Happens When You Reinvest Cash Flow

7.67

YEARS SAVED

$31,524

INTEREST SAVED

CASH FLOW REINVESTMENT

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

  • $1,910

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,028

    COMP ESTIMATED VALUE
  • $0.87

    COMP AVG. RENT PER SQFT
Comps Range
$1,700
1$1,7002$1,8753$1,9104$1,9755$1,995
$1,995
RENT COMPS ANALYSIS
  • 882 Timber Pond Dr Brandon, FL 3
    • 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1987 4 beds 2 baths ∙ 2,331 Sqft ∙ Built 1987
    • Rent
    • Rent Per SQFT
    •  
    • $1,910
    • $0.82
    •  
  • 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
    •  
  • 1711 Woodmarker Ct Brandon, FL 2
    • 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 4
    • 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1985 4 beds 3 baths ∙ 2,168 Sqft ∙ Built 1985
    LEASED 01/29/21
    • Rent
    • Rent Per SQFT
    •  
    • $1,975
    • $0.91
    •  
  • 514 Robin Hill Cir Brandon, FL 5
    • 5 beds 3 baths ∙ 2,338 Sqft ∙ Built 1972 5 beds 3 baths ∙ 2,338 Sqft ∙ Built 1972
    LEASED 05/24/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,995
    • $0.85
    •  
PROPERTY LISTING DETAILS
Arveny Vidal Rodriguez Llc
1.908.500.3578
Keller Williams Realty
Tobin Brinker
1.866.250.5610
RentVest Florida
CQ1057457
Stellar Multiple Listing Service ( MFRMLS)
MLS #: T3297525
Last Updated: 03/26/2021
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